TD Asset Management Inc Has $42.11 Million Stock Position in Public Storage $PSA

TD Asset Management Inc lessened its stake in Public Storage (NYSE:PSA) by 9.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 162,263 shares of the real estate investment trust’s stock after selling 17,180 shares during the quarter. TD Asset Management Inc’s holdings in Public Storage were worth $42,107,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Lido Advisors LLC increased its position in Public Storage by 2.9% in the 4th quarter. Lido Advisors LLC now owns 4,107 shares of the real estate investment trust’s stock valued at $1,173,000 after acquiring an additional 117 shares in the last quarter. GKV Capital Management Co. Inc. acquired a new stake in Public Storage in the 4th quarter valued at about $247,000. CIBC Asset Management Inc increased its position in Public Storage by 4.2% in the 4th 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 in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its position in Public Storage by 479.3% in the 4th 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 in the last quarter. Finally, New Mexico Educational Retirement Board increased its position in Public Storage by 2.8% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

Wall Street Analyst Weigh In

PSA has been the subject of several research reports. BNP Paribas Exane raised their price objective on shares of Public Storage from $331.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday, May 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Public Storage in a research report on Tuesday, April 21st. Evercore set a $306.00 price objective on shares of Public Storage in a research report on Monday, May 4th. Barclays lowered their price objective on shares of Public Storage from $352.00 to $349.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Finally, William Blair set a $305.00 target price on shares of Public Storage in a research note on Monday, March 16th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $316.06.

Public Storage Stock Up 1.1%

Shares of NYSE PSA opened at $309.98 on Friday. The firm has a market capitalization of $54.42 billion, a PE ratio of 31.99, a price-to-earnings-growth ratio of 4.22 and a beta of 0.98. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02. Public Storage has a 1 year low of $256.54 and a 1 year high of $313.51. The firm’s 50-day moving average is $298.08 and its 200-day moving average is $286.89.

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

Public Storage Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, June 15th. Public Storage’s dividend payout ratio (DPR) is 123.84%.

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.