MUFG Securities EMEA plc Boosts Stock Holdings in Public Storage $PSA

MUFG Securities EMEA plc raised its holdings in Public Storage (NYSE:PSA) by 114.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,481 shares of the real estate investment trust’s stock after acquiring an additional 3,459 shares during the period. MUFG Securities EMEA plc’s holdings in Public Storage were worth $1,682,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Public Storage by 1.7% in 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 purchasing an additional 37 shares in the last quarter. Doliver Advisors LP increased its stake in shares of Public Storage by 1.0% in the fourth quarter. Doliver Advisors LP now owns 4,129 shares of the real estate investment trust’s stock worth $1,071,000 after purchasing an additional 39 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its stake in shares of Public Storage by 18.8% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 259 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 41 shares in the last quarter. Hilltop Holdings Inc. increased its stake in shares of Public Storage by 4.7% in the third quarter. Hilltop Holdings Inc. now owns 906 shares of the real estate investment trust’s stock worth $262,000 after purchasing an additional 41 shares in the last quarter. Finally, Synovus Financial Corp increased its stake in shares of Public Storage by 1.1% in the third quarter. Synovus Financial Corp now owns 3,969 shares of the real estate investment trust’s stock worth $1,147,000 after purchasing an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PSA shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $341.00 target price on shares of Public Storage in a research note on Wednesday, April 29th. Mizuho lifted their target price on shares of Public Storage from $301.00 to $316.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Public Storage in a research note on Tuesday, April 21st. Bank of America downgraded shares of Public Storage from a “buy” rating to a “neutral” rating and set a $310.00 target price for the company. in a research note on Thursday, February 5th. Finally, Wall Street Zen raised shares of Public Storage from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. One investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $316.06.

Public Storage Price Performance

Shares of NYSE:PSA opened at $298.76 on Wednesday. The company has a 50 day moving average of $295.18 and a 200 day moving average of $286.13. The stock has a market cap of $52.45 billion, a P/E ratio of 30.83, a P/E/G ratio of 4.04 and a beta of 0.98. Public Storage has a 12 month low of $256.54 and a 12 month high of $313.51. 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 (NYSE:PSA) last released its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the company earned $4.12 EPS. The business’s quarterly revenue was down .1% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, sell-side analysts forecast that Public Storage will post 16.9 EPS for the current fiscal year.

Public Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Monday, June 15th. Public Storage’s payout ratio is presently 123.84%.

Public Storage Company 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.