4,542 Public Storage $PSA Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management increased its Public Storage stake by 7.3%, purchasing 4,542 shares to bring its holdings to 66,530 shares valued at approximately $18.8 million. Institutional investors and hedge funds collectively own 78.79% of PSA.
• Public Storage reported quarterly EPS of $4.17, exceeding analyst expectations of $2.53, while revenue came in at $1.23 billion. The company maintained fiscal 2026 EPS guidance of $16.75 to $17.05.
• The REIT pays a quarterly dividend of $3.00, equivalent to $12.00 annually and a 4.0% yield. Despite analyst price targets averaging $323.42, the stock carries a consensus “Hold” rating.

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Public Storage (NYSE:PSA - Free Report) by 7.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 66,530 shares of the real estate investment trust's stock after purchasing an additional 4,542 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Public Storage were worth $18,817,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of Public Storage in the second quarter valued at about $5,495,077,000. Dimensional Fund Advisors LP boosted its position in Public Storage by 3.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,280,540 shares of the real estate investment trust's stock worth $617,720,000 after acquiring an additional 67,787 shares during the last quarter. Legal & General Group Plc acquired a new position in Public Storage during the second quarter worth about $601,650,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Public Storage during the second quarter worth about $558,904,000. Finally, Deutsche Bank AG acquired a new position in Public Storage during the second quarter worth about $400,776,000. Institutional investors and hedge funds own 78.79% of the company's stock.

Insiders Place Their Bets

In related news, insider Nathaniel A. Vitan sold 1,414 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $327.53, for a total value of $463,127.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 11.10% of the company's stock.

Public Storage Stock Performance

NYSE:PSA opened at $301.81 on Wednesday. The company's 50-day moving average is $300.61 and its two-hundred day moving average is $307.86. Public Storage has a 1-year low of $256.54 and a 1-year high of $335.55. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market capitalization of $53.00 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 4.41 and a beta of 0.94.

Public Storage (NYSE:PSA - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.53 by $1.64. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. Public Storage had a net margin of 41.80% and a return on equity of 40.98%. The business's revenue was down .5% compared to the same quarter last year. During the same quarter last year, the firm earned $4.28 EPS. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. Analysts forecast that Public Storage will post 16.93 EPS for the current year.

Public Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Tuesday, September 15th were issued a $3.00 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $12.00 dividend on an annualized basis and a yield of 4.0%. Public Storage's dividend payout ratio is currently 114.50%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PSA. Raymond James Financial assumed coverage on Public Storage in a research report on Thursday, July 16th. They issued a "market perform" rating for the company. Weiss Ratings cut Public Storage from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, October 8th. Truist Financial started coverage on Public Storage in a report on Friday, October 2nd. They issued a "buy" rating and a $317.00 target price for the company. Mizuho raised their target price on Public Storage from $316.00 to $319.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 2nd. Finally, Scotiabank cut their target price on Public Storage from $346.00 to $343.00 and set a "sector outperform" rating for the company in a research note on Wednesday, September 2nd. Seven analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company's stock. According to data from MarketBeat.com, Public Storage currently has a consensus rating of "Hold" and a consensus price target of $323.42.

Public Storage Company Profile

Public Storage NYSE: PSA is a real estate investment trust focused on the ownership, operation and development of self-storage facilities. The company rents storage units to residential and business customers, offering solutions for household belongings, commercial inventory, records, vehicles and other personal property. Many locations provide features such as climate-controlled units, electronic access, online reservations and moving and packing supplies.

Founded in 1972, Public Storage has grown into one of the largest self-storage operators in the United States.

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