Sumitomo Mitsui DS Asset Management Company Ltd Has $15.62 Million Stock Holdings in Public Storage $PSA

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Public Storage (NYSE:PSA) by 5.0% during the 4th quarter, HoldingsChannel reports. The firm owned 60,202 shares of the real estate investment trust’s stock after purchasing an additional 2,887 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Public Storage were worth $15,622,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PSA. Vanguard Group Inc. lifted its stake in Public Storage by 9.9% in the fourth quarter. Vanguard Group Inc. now owns 25,343,098 shares of the real estate investment trust’s stock valued at $6,576,534,000 after buying an additional 2,274,397 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Public Storage by 498.7% during the second quarter. AQR Capital Management LLC now owns 578,491 shares of the real estate investment trust’s stock worth $166,970,000 after acquiring an additional 481,872 shares during the period. Centersquare Investment Management LLC raised its holdings in shares of Public Storage by 38.0% during the third quarter. Centersquare Investment Management LLC now owns 1,145,607 shares of the real estate investment trust’s stock worth $330,909,000 after acquiring an additional 315,370 shares during the period. Barclays PLC raised its holdings in shares of Public Storage by 93.8% during the third quarter. Barclays PLC now owns 602,959 shares of the real estate investment trust’s stock worth $174,165,000 after acquiring an additional 291,895 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Public Storage by 5.6% during the third quarter. JPMorgan Chase & Co. now owns 3,334,488 shares of the real estate investment trust’s stock worth $963,177,000 after acquiring an additional 177,421 shares during the period. 78.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on PSA. Wolfe Research lowered shares of Public Storage from an “outperform” rating to a “peer perform” rating in a report on Monday, January 26th. JPMorgan Chase & Co. dropped their price objective on shares of Public Storage from $295.00 to $291.00 and set a “neutral” rating on the stock in a report on Monday, March 23rd. The Goldman Sachs Group restated a “buy” rating and set a $341.00 price objective on shares of Public Storage in a report on Wednesday, April 29th. Truist Financial raised their price objective on shares of Public Storage from $315.00 to $317.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Public Storage in a report on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, Public Storage has an average rating of “Moderate Buy” and a consensus price target of $308.83.

Public Storage Stock Performance

Shares of PSA opened at $309.36 on Thursday. The firm has a 50-day moving average of $293.58 and a 200-day moving average of $284.40. Public Storage has a one year low of $256.54 and a one year high of $313.51. The company has a market cap of $54.31 billion, a PE ratio of 31.93, a price-to-earnings-growth ratio of 4.08 and a beta of 1.00. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.56 and a quick ratio of 0.56.

Public Storage (NYSE:PSA) last announced its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 EPS for the quarter, topping the consensus estimate of $2.42 by $0.29. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. Public Storage’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, equities analysts forecast that Public Storage will post 16.89 earnings per share for the current year.

Public Storage Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $3.00 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $12.00 annualized dividend and a dividend yield of 3.9%. Public Storage’s payout ratio is presently 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.