Welltower drops $100M on San Jose senior housing complex as silver tsunami washes across Silicon Valley
Welltower, the world's largest healthcare REIT, has purchased the Novelle Senior Living apartments in San Jose for $99.6 million. This all-cash deal for the 195-unit property follows another significant senior living acquisition in the area last month by American Healthcare REIT. The transactions highlight a growing investor interest in senior housing facilities in Silicon Valley amidst a demographic shift.
Johnson Financial Group Inc. Acquires Shares of 8,362 Public Storage $PSA
Johnson Financial Group Inc. has acquired a new position in Public Storage (NYSE:PSA), purchasing 8,362 shares valued at approximately $2.66 million during the second quarter. Other institutional investors like Vanguard Group Inc. and BlackRock Inc. have also significantly increased their holdings in the real estate investment trust. Analysts maintain a "Hold" consensus rating for Public Storage, with a target price of $326.16.
Wealthfront Advisers LLC Acquires Shares of 29,758 Public Storage $PSA
Wealthfront Advisers LLC has acquired a new position in Public Storage (NYSE:PSA), purchasing 29,758 shares valued at approximately $9.47 million. This move is part of broader institutional investor activity, with several other firms increasing their stakes in the real estate investment trust during the last quarter. Analyst ratings for Public Storage are mixed, with a consensus "Hold" rating and an average price target of $326.16, while the company recently reported strong quarterly earnings and declared a quarterly dividend of $3.00 per share.
3,432 Shares in Public Storage $PSA Purchased by Meeder Advisory Services Inc.
Meeder Advisory Services Inc. has acquired a new stake of 3,432 shares in Public Storage (NYSE:PSA) during the second quarter, valued at approximately $1,092,000. Other hedge funds also adjusted their holdings in PSA, and an insider recently sold shares. Public Storage also declared a quarterly dividend of $3.00 per share, with an annualized dividend of $12.00, resulting in a 3.7% yield.
UBS Maintains Public Storage(PSA.US) With Hold Rating, Maintains Target Price $326
UBS has reiterated its "Hold" rating for Public Storage (PSA.US) and maintained its target price at $326. This indicates that UBS analysts believe the stock will perform in line with the market, with no significant upside or downside expected from its current valuation.
Barclays Adjusts Price Target on Public Storage to $350 From $349, Maintains Equalweight Rating
Barclays has increased its price target for Public Storage (PSA) to $350 from $349, while retaining an Equalweight rating on the stock. This adjustment comes amidst other analyst revisions for Public Storage, highlighting ongoing evaluations of the company's financial outlook and market position. The article notes that Public Storage is a leading self-storage REIT, operating a large number of facilities in the U.S. and holding a significant stake in a European self-storage group.
Great Lakes Advisors LLC Takes Position in Public Storage $PSA
Great Lakes Advisors LLC has acquired a new stake in Public Storage (NYSE:PSA), purchasing 111,844 shares valued at approximately $35.6 million during the second quarter. Other institutional investors have also adjusted their holdings in the real estate investment trust. Public Storage reported strong quarterly earnings, beating analyst estimates, and announced a quarterly dividend of $3.00 per share.
Diversify Advisory Services LLC Invests $2.06 Million in Public Storage $PSA
Diversify Advisory Services LLC recently acquired a new stake of 6,371 shares in Public Storage (NYSE:PSA) worth approximately $2.06 million during the second quarter. Other institutional investors also bought and sold shares, with institutional ownership of Public Storage standing at 78.79%. Analysts currently have a "Hold" rating on the stock with an average target price of $326.11, and the company recently declared a quarterly dividend of $3.00 per share.
Blackstone Sells Self-Storage Portfolio to Invest in Data Centers
Blackstone Real Estate Income Trust (BREIT) has divested its self-storage portfolio, selling 79 assets for $852 million in net proceeds, to instead invest in data centers. BREIT acquired these self-storage properties between 2019 and 2020 and previously sold another portfolio to Public Storage for $2.2 billion in 2023. The trust has now committed $3.3 billion to data centers through its QTS Data Centers platform, reflecting a strategic shift in investment focus.
CubeSmart (CUBE) Is Back In Focus, What Is Catching Investors’ Attention?
CubeSmart (CUBE) has seen a 16.21% year-to-date climb in its share price, sparking investor interest in its dividend profile, growth potential, and exposure to migration trends within the self-storage REIT sector. While the company is considered 4.6% undervalued with a fair value estimate of $43.13 per share, investors are advised to consider potential risks such as new supply in Sunbelt markets and slower-than-expected revenue recovery. Simply Wall St encourages a comprehensive review of CubeSmart's financials and suggests exploring other investment opportunities.
Analyst raises Public Storage price target to $346 amid strong investor confidence and solid dividends.
Scotiabank has increased its price target for Public Storage (NYSE: PSA) to $346, indicating a potential 5.75% upside from its current trading price. This revised target reflects strong investor confidence, as evidenced by major institutional investors increasing their stakes. The company's robust Funds From Operations (FFO) are expected to support consistent dividend payments, further solidifying its financial stability and growth prospects in the self-storage REIT sector.
Public Storage (NYSE: PSA) adds chief legal officer as reporting insider
Public Storage (NYSE: PSA) has announced that Samuel Wade Sheek, its Chief Legal Officer, is now an SEC reporting person, as indicated by an initial Form 3 filing. This filing establishes his insider status but currently reports no beneficial ownership or transactions in the company's securities or derivatives. The Form 3 also notes the inclusion of a Power of Attorney for Mr. Sheek.
Public Storage (NYSE:PSA) Given New $346.00 Price Target at Scotiabank
Scotiabank has raised its price target for Public Storage (NYSE:PSA) from $345.00 to $346.00, reiterating a "sector outperform" rating, suggesting a potential upside of 6.11%. This comes as Public Storage reported quarterly EPS of $4.17, significantly beating consensus estimates, though revenue declined slightly year-over-year. The REIT's stock traded up 0.5% to $326.08, aligning with the broader analyst consensus of a "Hold" rating and an average target price of $326.11.
Pavion Blue Capital LLC Buys New Position in Public Storage $PSA
Pavion Blue Capital LLC initiated a new position in Public Storage (NYSE:PSA) during the second quarter, acquiring 3,551 shares valued at approximately $1.13 million. Institutional investors collectively own 78.79% of PSA. The company reported strong Q2 earnings with an EPS of $4.17, surpassing estimates, and declared a quarterly dividend of $3.00, representing a 3.7% annualized yield.
Plato Investment Management Ltd Takes $1.73 Million Position in Public Storage $PSA
Plato Investment Management Ltd has acquired a new position of 5,458 shares, valued at $1.73 million, in Public Storage (NYSE:PSA) during the second quarter. Other institutional investors have also adjusted their holdings in the real estate investment trust. Public Storage shares are down 0.5% with a market capitalization of $56.96 billion and the company recently announced a quarterly dividend of $3.00 per share.
Scotiabank Adjusts Pt on Public Storage to $346 From $345, Keeps Sector Outperform Rating
Scotiabank has increased its price target for Public Storage (PSA) to $346 from $345, while maintaining a "Sector Outperform" rating on the stock. This adjustment comes amidst other analyst price target changes for Public Storage, highlighting ongoing analyst coverage and evaluation of the company's performance. The article also briefly notes recent company news, including executive appointments and dividend declarations.
Capital Financial Group Inc. Co. ADV Purchases Shares of 3,096 Public Storage $PSA
Capital Financial Group Inc. Co. ADV recently acquired 3,096 shares of Public Storage (NYSE:PSA) worth approximately $985,000. Institutional investors own a significant portion of the REIT, which reported strong quarterly earnings of $4.17 EPS, exceeding analyst estimates, and declared a quarterly dividend of $3.00 per share. Analysts generally maintain a "Hold" rating for Public Storage, with an average price target close to its current trading price.
Public Storage stock holds steady as investors weigh modest 1-year gains and income potential
Public Storage (PSA) stock is trading near recent levels, showing a modest 1.17% gain over the past year, appealing to income-focused investors who prioritize dividends over rapid capital appreciation. Analysts generally view the stock as fairly valued, with price targets ranging from $314.08 to $326.05, suggesting limited near-term upside. Institutional investors continue to hold or increase positions, seeing it as a stable REIT holding due to its predictable cash flows from self-storage operations and market-tracking beta of 0.99.
Longfellow Investment Management Co. LLC Takes Position in Public Storage $PSA
Longfellow Investment Management Co. LLC has acquired a new position in Public Storage (NYSE:PSA), purchasing 9,997 shares valued at approximately $3.18 million. This investment makes Public Storage the 29th biggest position in Longfellow's portfolio, representing about 0.7% of their total holdings. Other institutional investors have also adjusted their stakes in Public Storage, and the company recently reported strong quarterly earnings and declared a quarterly dividend of $3.00 per share.
Flputnam Investment Management Co. Invests $26.26 Million in Public Storage $PSA
Flputnam Investment Management Co. has acquired a new stake worth $26.26 million in Public Storage (NYSE:PSA) during the second quarter. Other institutional investors also adjusted their positions, and an insider sold over $463,000 worth of stock. Public Storage reported strong quarterly earnings, exceeding analyst estimates, and declared a quarterly dividend of $3.00 per share.
Oppenheimer Asset Management Inc. Buys Shares of 9,156 Public Storage $PSA
Oppenheimer Asset Management Inc. initiated a new position in Public Storage (NYSE:PSA) during the second quarter, acquiring 9,156 shares valued at approximately $2.9 million. Institutional investors and hedge funds own a significant 78.79% of the company's stock. Public Storage reported strong quarterly earnings, surpassing EPS estimates at $4.17 against a $2.53 consensus, and declared a quarterly dividend of $3.00, representing a 3.7% annualized yield.
3,125 Shares in Public Storage $PSA Purchased by Family Legacy Inc.
Family Legacy Inc. recently acquired 3,125 shares of Public Storage (NYSE:PSA) worth approximately $995,000, adding to the 78.79% institutional ownership of the stock. Despite a consensus "Hold" rating from analysts with an average price target of $326.05, the company reported strong quarterly EPS of $4.17 against estimates of $2.53 and declared a quarterly dividend of $3.00 per share, representing a 3.7% annualized yield. Public Storage's stock is currently trading near its 52-week high, and several other institutional investors have also adjusted their holdings.
Illinois puts 60 community solar arrays atop self-storage roofs, preserving farmland, lowering bills
Illinois is implementing an innovative approach to community solar by installing 60 solar arrays on the roofs of self-storage facilities, aiming to preserve farmland and reduce electricity bills. This strategy leverages often-overlooked commercial roof space, with 10 arrays already operational and a projected capacity of 44 megawatts. This initiative provides clean energy access to those who cannot install panels on their homes and aligns with Illinois's strong community solar market, supported by state policies and utility focus on large-scale rooftop installations.
CBRE Group (CBRE) Says US Property Cap Rates Held Steady In H1 2026
CBRE Group reported that US commercial property cap rates remained steady in H1 2026 despite interest rate volatility, according to their latest survey. The report highlighted mixed investor sentiment across different asset classes and regions, with prime Manhattan office rents showing an increase due to tightening inventory. This stability in cap rates and firming office rents underscore shifting market dynamics that impact investor decisions in commercial real estate.
Pictet Asset Management Holding SA Buys 5,560 Shares of Public Storage $PSA
Pictet Asset Management Holding SA increased its stake in Public Storage (NYSE:PSA) by 7.7% in the second quarter, acquiring an additional 5,560 shares and bringing its total holdings to 77,971 shares valued at $24.819 million. Other institutional investors also adjusted their positions in Public Storage, which recently reported strong quarterly earnings and announced a $3.00 quarterly dividend. The company currently has a "Hold" consensus rating from analysts, with an average target price of $326.05.
Solar Panels on Storage Units: Illinois Is Going All In on This No-Brainer
Illinois is embracing the use of solar panels on storage unit rooftops to expand community solar initiatives, aiming for 100% clean power by 2050. This strategy utilizes otherwise unused commercial-industrial real estate for rapid, scalable solar deployment, generating significant savings for subscribers and creating jobs. The state's robust incentive programs and policies, along with federal tax credits, are driving this exponential growth in rooftop community solar, particularly in metropolitan areas like Cook County.
13,962 Shares in Extra Space Storage Inc $EXR Purchased by Dockside LLC
Dockside LLC recently acquired 13,962 shares of Extra Space Storage Inc (EXR) valued at approximately $2.03 million in the second quarter. This purchase contributes to the 99.11% institutional ownership of the company. Analysts have a mixed outlook with an average target price of $147.73, while Extra Space Storage reported strong quarterly EPS, beating estimates.
6,056 Shares in Public Storage $PSA Bought by Dockside LLC
Dockside LLC acquired 6,056 shares of Public Storage (NYSE:PSA) in the second quarter, valued at approximately $1.93 million. This purchase contributes to the 78.79% institutional ownership of the REIT. Public Storage reported strong quarterly earnings, exceeding analyst estimates, and has issued positive FY 2026 EPS guidance, along with declaring a quarterly dividend of $3.00 per share.
Daiwa Securities Group Inc. Purchases 30,063 Shares of Public Storage $PSA
Daiwa Securities Group Inc. increased its stake in Public Storage (NYSE:PSA) by 3.4% in the second quarter, acquiring an additional 30,063 shares to hold a total of 921,044 shares valued at $293.2 million. Institutional investors collectively own 78.79% of PSA. The company recently reported strong quarterly earnings of $4.17 per share, surpassing estimates, and declared a $3.00 quarterly dividend.
Aberdeen Group plc Buys 74,899 Shares of Public Storage $PSA
Aberdeen Group plc significantly increased its stake in Public Storage (NYSE:PSA) by 22.4% in the second quarter, acquiring 74,899 additional shares. This brings their total holdings to 409,867 shares, valued at approximately $130.5 million. Public Storage reported strong quarterly earnings, beating estimates with an EPS of $4.17 and maintaining its 2026 EPS guidance, while also declaring a quarterly dividend of $3.00 per share.
Public Storage Stock Historical Valuations
The article provides historical valuation data for Public Storage (NYSE:PSA), specifically focusing on its Series T Preferred stock (PSApT.PFD). It highlights key financial metrics such as P/FFO, P/B, market cap, and volume, along with a warning from GuruFocus regarding medium warning signs for the stock.
Nathaniel Vitan Sells 1,414 Shares of Public Storage (NYSE:PSA) Stock
Nathaniel Vitan, an insider at Public Storage (NYSE:PSA), sold 1,414 shares of the company's stock for approximately $463,127. The transaction occurred on August 13th, with shares priced at $327.53 each. Public Storage recently reported strong quarterly earnings, beating estimates, and declared a quarterly dividend of $3.00 per share.
Public Storage chief legal officer sells $463,133 in shares
Nathaniel A. Vitan, the former Chief Legal Officer at Public Storage, sold 1,414 common shares for approximately $463,133, leaving him with zero direct ownership. This sale occurred while the stock traded near its 52-week high and is considered overvalued by InvestingPro. Public Storage recently reported mixed Q2 2026 results and appointed S. Wade Sheek as the new CLO.
Public Storage (PSA) chief legal officer sells 1,414 shares at $327.53
Public Storage's Chief Legal Officer, Nathaniel A. Vitan, sold 1,414 Common Shares on August 13, 2026, at a weighted average price of $327.5342 per share. Following this transaction, Vitan no longer holds any Common Shares directly. The sale was an open market or private transaction and was not affirmed to be under a Rule 10b5-1 plan.
Public Storage chief legal officer sells $463,133 in shares
Nathaniel A. Vitan, Public Storage's former Chief Legal Officer, sold 1,414 common shares for approximately $463,133 on August 13, 2026, leaving him with no direct ownership. This sale occurred while the stock was near its 52-week high and shortly before S. Wade Sheek officially replaced him as the new Chief Legal Officer. The company recently reported mixed Q2 2026 results, exceeding EPS but missing revenue forecasts, while the self-storage market shows stronger pricing trends.
Public Storage chief legal officer sells $463,133 in shares By Investing.com
Public Storage's Chief Legal Officer, Nathaniel A. Vitan, sold 1,414 shares of the company's stock for approximately $463,133. This transaction occurred on August 13, 2026, with shares sold at an average price of $327.5342. The sale comes as the stock trades near its 52-week high, and an InvestingPro analysis suggests the company is currently overvalued.
Why Did Welltower (NYSE:WELL) Just Lift Its Quarterly Dividend This Week?
Welltower (NYSE:WELL) recently increased its quarterly dividend following strong second-quarter results and upward revision of its funds-from-operations guidance. This decision highlights the healthcare property owner's confidence in growing senior-housing demand and steady occupancy trends, which are supported by the aging population and limited new construction. As a REIT, Welltower is required to distribute most of its taxable earnings, making its dividend increases a significant indicator of management's positive outlook on recurring cash flow and operational performance.
Public Storage $PSA Shares Sold by Sumitomo Mitsui Trust Group Inc.
Sumitomo Mitsui Trust Group Inc. reduced its stake in Public Storage (NYSE:PSA) by 4.1% in the second quarter, selling 34,264 shares and now holding 806,171 shares valued at $256.6 million. Despite this, institutional investors collectively own 78.79% of the REIT. Analysts maintain a "Hold" rating with an average price target of $326.05, and the company recently declared a quarterly dividend of $3.00 per share, representing a 3.6% annualized yield.
Blog: The Impact of U.S. Self-Storage Giants Entering Canada
U.S. self-storage companies are increasingly expanding into the Canadian market, drawn by its undersupplied nature and significant growth potential. This influx of investment means Canadian operators must enhance their strategies, focusing on automation, data-driven pricing, and specialized services for small businesses, while leveraging their hyperlocal market knowledge to compete with these well-capitalized "American giants." The competition is expected to raise the bar for the entire Canadian self-storage sector, fostering better technology and increased consumer awareness.
Public Storage (PSA) holder plans $175.6M resale of compensation shares
Nathaniel A. Vitan, a holder of Public Storage (PSA) common stock, has filed to resell 463,133 shares with an approximate market value of $175.6 million. These shares were granted as equity compensation (RSU/PSU awards) on January 1, 2023, and the proposed sale is set to begin on or about August 13, 2026, through Charles Schwab & Co., Inc. The filing indicates a neutral impact and sentiment on the stock.
What U-Haul Holding (UHAL)'s Margin Squeeze Amid Expansion and Price Lock Strategy Means For Shareholders
U-Haul Holding (UHAL) recently reported Q1 2026 results with increased revenue but decreased net income due to rising freight and personnel costs. Despite these margin pressures, U-Haul is expanding its network, opening new facilities, and implementing a 1-Year Storage Price Lock to build customer loyalty. This strategy aims to secure future occupancy and trust, even if it means short-term profitability challenges, and contrasts with a Simply Wall St Community fair value estimate that suggests the stock may be overvalued.
Is Public Storage (PSA) Fairly Valued After Its Illinois Community Solar Deal?
Public Storage (PSA) is under scrutiny for its valuation following its participation in a large Illinois community solar project. Despite strong recent share price performance and a nearly balanced valuation according to Simply Wall St's analysis, the company's P/E ratio is higher than the industry average. Investors are advised to consider potential risks like oversupply in the self-storage market and rent regulation.
Is Public Storage (PSA) Fairly Valued After Its Illinois Community Solar Deal?
Public Storage (PSA) is under scrutiny following its involvement in an Illinois community solar project. Despite strong recent share price performance, analysts debate its fair value, with one narrative suggesting it's 1.4% undervalued based on long-term earnings power and strategic expansion. However, a comparison of its P/E ratio to industry and peer averages suggests it's neither significantly cheap nor stretched, prompting investors to consider various factors before forming a view.
Public Storage stock underperforms Thursday when compared to competitors despite daily gains
Public Storage (PSA) stock rose by 1.59% on Thursday, closing at $328.72. Despite this daily gain, the stock underperformed compared to the broader market indices, with the S&P 500 Index rising 0.65% and the Dow Jones Industrial Average rising 0.13%. The increase broke a three-day losing streak for Public Storage.
BREIT bails on self-storage sector as it chases data center jackpot
Blackstone Real Estate Income Trust (BREIT) has exited the self-storage sector, selling its final 79 assets for $852 million and netting $177 million in gains. This move follows a previous sale of Simply Self Storage for $2.2 billion in 2023. BREIT is now focusing on data centers, having invested $3.3 billion into QTS in the second quarter, making data centers its second-largest portfolio segment.
A Fantastic Fundamental Foundation for This REIT ETF
The ALPS Active REIT ETF (REIT) is outperforming the broader real estate sector, up nearly 16% this year despite high interest rates. This active management success is attributed to strong fundamentals in apartment, industrial, office, and retail REITs, with Nareit noting an "inflection point" in the property market. Retail REITs, in particular, are showing strength with high occupancy rates, contributing significantly to the ETF's positive performance.
A Fantastic Fundamental Foundation for This REIT ETF
The ALPS Active REIT ETF (REIT) has shown impressive performance this year, outperforming the broader real estate sector despite high interest rates, due to its active management and strong fundamentals in apartment, industrial, office, and retail REITs. Nareit highlights an inflection point in the property market, with office, apartment, and retail sectors showing improving supply/demand dynamics and high occupancy rates. Continued rent growth in these areas could drive further upside for the ETF.
Handelsbanken Fonder AB Boosts Holdings in Public Storage $PSA
Handelsbanken Fonder AB increased its stake in Public Storage (NYSE:PSA) by 11.7% in the second quarter, bringing its total holdings to 80,797 shares valued at $25.72 million. Several other institutional investors also significantly increased their positions in Public Storage. Despite a consensus "Hold" rating from analysts with an average price target of $326.05, the stock recently opened at $323.96 and has a market cap of $56.89 billion.
BREIT Exits Self-Storage, Invests $3.3B in Data Centers in Q2
Blackstone Real Estate Income Trust (BREIT) completed its exit from self-storage in Q2 2026, selling its remaining assets for $852.3 million. Concurrently, BREIT invested $3.3 billion into data center development through its QTS platform, increasing data centers to 27% of its portfolio. This strategic shift reflects a broader institutional move towards digital infrastructure, driven by strong demand and stable yields.
Extra Space Storage (EXR), Why Is Attention Building Around It?
Extra Space Storage (EXR) stock is drawing attention with mixed short-term returns but positive year-to-date and three-year performance. The company's valuation narrative suggests it is 8.1% undervalued, with a fair value of $159.65, driven by growing ancillary income and an expanding third-party management platform. However, challenges like rising property taxes and market oversupply could impact this outlook.
