Public Storage $PSA Stock Position Lifted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its position in shares of Public Storage (NYSE:PSA) by 15.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 837,705 shares of the real estate investment trust’s stock after buying an additional 110,043 shares during the period. Public Storage comprises 0.7% of Daiwa Securities Group Inc.’s portfolio, making the stock its 26th largest position. Daiwa Securities Group Inc.’s holdings in Public Storage were worth $217,384,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Lido Advisors LLC raised its position in shares of Public Storage by 2.9% during the 4th quarter. Lido Advisors LLC now owns 4,107 shares of the real estate investment trust’s stock worth $1,173,000 after purchasing an additional 117 shares during the period. GKV Capital Management Co. Inc. acquired a new position in shares of Public Storage during the fourth quarter valued at $247,000. CIBC Asset Management Inc boosted its holdings in shares of Public Storage by 4.2% during the fourth quarter. CIBC Asset Management Inc now owns 118,340 shares of the real estate investment trust’s stock valued at $30,707,000 after acquiring an additional 4,730 shares during the period. Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of Public Storage by 479.3% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 330,487 shares of the real estate investment trust’s stock valued at $85,761,000 after acquiring an additional 273,436 shares during the period. Finally, New Mexico Educational Retirement Board boosted its holdings in shares of Public Storage by 2.8% during the fourth quarter. New Mexico Educational Retirement Board now owns 7,365 shares of the real estate investment trust’s stock valued at $1,911,000 after acquiring an additional 200 shares during the period. Institutional investors own 78.79% of the company’s stock.

Public Storage Stock Up 1.6%

Shares of Public Storage stock opened at $306.77 on Friday. The business’s fifty day moving average price is $297.23 and its two-hundred day moving average price is $286.73. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market capitalization of $53.85 billion, a P/E ratio of 31.66, a PEG ratio of 4.12 and a beta of 0.98. Public Storage has a 1-year low of $256.54 and a 1-year high of $313.51.

Public Storage (NYSE:PSA) last announced its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.29. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the business earned $4.12 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, research analysts forecast that Public Storage will post 16.92 EPS for the current year.

Public Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, June 15th. Public Storage’s payout ratio is currently 123.84%.

Analysts Set New Price Targets

Several analysts recently weighed in on PSA shares. Bank of America downgraded shares of Public Storage from a “buy” rating to a “neutral” rating and set a $310.00 price objective on the stock. in a research report on Thursday, February 5th. The Goldman Sachs Group reiterated a “buy” rating and issued a $341.00 price objective on shares of Public Storage in a research report on Wednesday, April 29th. Evercore set a $306.00 target price on Public Storage in a research note on Monday, May 4th. UBS Group lifted their target price on Public Storage from $276.00 to $314.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Finally, Royal Bank Of Canada lifted their target price on Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $316.06.

Public Storage Profile

Public Storage (NYSE: PSA) is a real estate investment trust (REIT) that specializes in self-storage services. Headquartered in Glendale, California, the company was founded in the early 1970s and has grown through development and acquisitions to become one of the largest owner-operators of self-storage facilities in the United States. It is publicly traded on the New York Stock Exchange under the ticker PSA.

The company’s core business is the ownership, operation and management of self-storage properties that serve both residential and commercial customers.