Northwestern Mutual Wealth Management Co. Makes New $10.33 Million Investment in Public Storage $PSA

Northwestern Mutual Wealth Management Co. acquired a new stake in Public Storage (NYSE:PSA) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 32,439 shares of the real estate investment trust’s stock, valued at approximately $10,326,000.

Several other large investors also recently modified their holdings of PSA. V Square Quantitative Management LLC raised its stake in Public Storage by 2.2% in the first quarter. V Square Quantitative Management LLC now owns 1,546 shares of the real estate investment trust’s stock valued at $419,000 after purchasing an additional 34 shares in the last quarter. Gryphon Financial Partners LLC grew its stake in Public Storage by 2.6% during the first quarter. Gryphon Financial Partners LLC now owns 1,423 shares of the real estate investment trust’s stock worth $385,000 after buying an additional 36 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in Public Storage by 1.7% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,215 shares of the real estate investment trust’s stock worth $575,000 after buying an additional 37 shares in the last quarter. Raiffeisen Bank International AG increased its holdings in Public Storage by 35.2% in the 4th quarter. Raiffeisen Bank International AG now owns 142 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 37 shares during the period. Finally, Chesapeake Capital Corp IL increased its holdings in Public Storage by 1.3% in the 2nd quarter. Chesapeake Capital Corp IL now owns 2,994 shares of the real estate investment trust’s stock valued at $953,000 after buying an additional 38 shares during the period. 78.79% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Public Storage

In related news, insider Nathaniel A. Vitan sold 1,414 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $327.53, for a total value of $463,127.42. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.10% of the stock is currently owned by company insiders.

Public Storage Trading Up 0.0%

Shares of PSA stock opened at $322.76 on Friday. The stock has a market cap of $56.68 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 3.80 and a beta of 0.96. The stock has a 50-day moving average of $322.35 and a 200-day moving average of $306.22. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.06. Public Storage has a 1-year low of $256.54 and a 1-year high of $335.55.

Public Storage (NYSE:PSA) last posted its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.17 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $1.64. Public Storage had a return on equity of 40.98% and a net margin of 41.80%.The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the firm earned $4.28 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. On average, equities research analysts forecast that Public Storage will post 16.93 earnings per share for the current year.

Public Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 15th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Public Storage’s dividend payout ratio is currently 114.50%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PSA shares. Scotiabank increased their price target on shares of Public Storage from $345.00 to $346.00 and gave the stock an “outperform” rating in a research report on Tuesday. Barclays boosted their price objective on shares of Public Storage from $349.00 to $350.00 and gave the company an “equal weight” rating in a research report on Wednesday. Mizuho upped their target price on Public Storage from $301.00 to $316.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Jefferies Financial Group raised their target price on Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $341.00 price target on shares of Public Storage in a report on Wednesday, April 29th. Seven equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $326.16.

About Public Storage

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.