Mitsubishi UFJ Asset Management Co. Ltd. Acquires Shares of 517,516 Public Storage $PSA

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Public Storage (NYSE:PSA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 517,516 shares of the real estate investment trust’s stock, valued at approximately $164,731,000.

Several other large investors have also recently modified their holdings of the business. Bruce G. Allen Investments LLC lifted its stake in shares of Public Storage by 89.6% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 91 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 43 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Public Storage in the 3rd quarter valued at approximately $27,000. Bayban purchased a new position in Public Storage in the 4th quarter valued at approximately $26,000. Wealth Watch Advisors INC purchased a new position in Public Storage in the 3rd quarter valued at approximately $34,000. Finally, Raiffeisen Bank International AG raised its holdings in Public Storage by 35.2% during the 4th quarter. Raiffeisen Bank International AG now owns 142 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 37 shares during the period. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Public Storage Price Performance

Shares of NYSE PSA opened at $324.34 on Tuesday. The firm has a market capitalization of $56.96 billion, a P/E ratio of 30.95, a P/E/G ratio of 3.84 and a beta of 0.96. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.06. The stock’s 50-day simple moving average is $322.41 and its two-hundred day simple moving average is $305.08. Public Storage has a twelve month low of $256.54 and a twelve month high of $335.55.

Public Storage (NYSE:PSA) last issued its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company posted $4.28 EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. As a group, equities analysts anticipate that Public Storage will post 16.93 EPS for the current fiscal year.

Public Storage Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Investors 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 yield of 3.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Public Storage’s dividend payout ratio (DPR) is currently 114.50%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. BNP Paribas Exane increased their target price on Public Storage from $331.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. Weiss Ratings upgraded Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Scotiabank increased their price objective on Public Storage from $342.00 to $345.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. UBS Group increased their price objective on Public Storage from $314.00 to $326.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Finally, Evercore set a $316.00 target price on Public Storage in a research note on Monday, July 6th. Seven analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $326.05.

Insider Transactions at Public Storage

In other Public Storage news, insider Nathaniel A. Vitan sold 1,414 shares of Public Storage stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $327.53, for a total transaction of $463,127.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 11.10% of the stock is currently owned by insiders.

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.