Mitsubishi UFJ Asset Management Co. Ltd. Buys 25,353 Shares of Public Storage $PSA

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Public Storage (NYSE:PSA - Free Report) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 458,815 shares of the real estate investment trust's stock after acquiring an additional 25,353 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.26% of Public Storage worth $118,576,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd purchased a new stake in shares of Public Storage during the 3rd quarter worth approximately $27,000. Raiffeisen Bank International AG purchased a new position in Public Storage in the third quarter valued at approximately $30,000. Wealth Watch Advisors INC bought a new position in Public Storage during the third quarter valued at $34,000. Quent Capital LLC bought a new position in Public Storage during the third quarter valued at $37,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in Public Storage by 2,940.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the real estate investment trust's stock worth $39,000 after buying an additional 147 shares during the last quarter. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PSA has been the topic of a number of recent research reports. Bank of America cut Public Storage from a "buy" rating to a "neutral" rating and set a $310.00 price target on the stock. in a research report on Thursday, February 5th. UBS Group decreased their price objective on Public Storage from $293.00 to $276.00 and set a "neutral" rating for the company in a report on Thursday, January 8th. Wall Street Zen upgraded Public Storage from a "sell" rating to a "hold" rating in a research note on Saturday, May 2nd. 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. Finally, Royal Bank Of Canada lifted their target price on shares of Public Storage from $301.00 to $305.00 and gave the stock a "sector perform" rating in a research note on Wednesday, April 29th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have given a Hold rating to the company's stock. According to data from MarketBeat, Public Storage has a consensus rating of "Moderate Buy" and an average target price of $308.83.

Public Storage Price Performance

Shares of NYSE:PSA opened at $309.36 on Thursday. The company has a 50 day moving average of $293.58 and a 200 day moving average of $284.40. 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 12 month low of $256.54 and a 12 month high of $313.51. The stock has a market cap of $54.31 billion, a P/E ratio of 31.93, a P/E/G ratio of 4.08 and a beta of 1.00.

Public Storage (NYSE:PSA - Get Free Report) last released its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.29. The firm had revenue of $1.22 billion for the quarter, compared to analysts' expectations of $1.22 billion. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The business's quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.12 earnings per share. 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 16.89 EPS for the current fiscal year.

Public Storage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Monday, June 15th. Public Storage's dividend payout ratio (DPR) is 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.

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