Mitsubishi UFJ Asset Management Co. Ltd. Takes $164.73 Million Position in Public Storage $PSA

Key Points

• Mitsubishi UFJ Asset Management acquired 517,516 Public Storage shares worth approximately $164.7 million, giving it a 0.29% stake. Institutional investors collectively own 78.79% of the REIT.
• Public Storage reported quarterly EPS of $4.17, beating estimates of $2.53, while revenue reached $1.23 billion and declined 0.5% year over year. The company set fiscal 2026 EPS guidance at $16.75–$17.05.
• The company declared a quarterly dividend of $3.00, equal to $12.00 annually and a 3.7% yield. Analysts have an overall “Hold” rating, with an average price target of $326.05.

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Public Storage (NYSE:PSA - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 517,516 shares of the real estate investment trust's stock, valued at approximately $164,731,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.29% of Public Storage as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Bayban bought a new position in Public Storage during the 4th quarter valued at $26,000. Harvest Fund Management Co. Ltd purchased a new position in Public Storage during the 3rd quarter worth $27,000. Bruce G. Allen Investments LLC grew its stake in shares of Public Storage by 89.6% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 91 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 43 shares in the last quarter. Wealth Watch Advisors INC purchased a new stake in shares of Public Storage in the third quarter valued at about $34,000. Finally, Raiffeisen Bank International AG raised its holdings in shares of Public Storage by 35.2% in the fourth quarter. Raiffeisen Bank International AG now owns 142 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 37 shares during the last quarter. Institutional investors own 78.79% of the company's stock.

Insider Buying and Selling

In other Public Storage news, insider Nathaniel A. Vitan sold 1,414 shares of the firm's stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $327.53, for a total value of $463,127.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 11.10% of the company's stock.

Public Storage Price Performance

PSA opened at $324.34 on Tuesday. Public Storage has a fifty-two week low of $256.54 and a fifty-two week high of $335.55. The firm has a 50-day moving average of $322.41 and a 200 day moving average of $305.08. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a market cap of $56.96 billion, a P/E ratio of 30.95, a PEG ratio of 3.84 and a beta of 0.96.

Public Storage (NYSE:PSA - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.17 EPS for the quarter, topping the consensus estimate of $2.53 by $1.64. Public Storage had a net margin of 41.80% and a return on equity of 40.98%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the firm posted $4.28 earnings per share. 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. On average, research analysts expect that Public Storage will post 16.93 EPS for the current year.

Public Storage Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Tuesday, September 15th. This represents a $12.00 annualized dividend and a yield of 3.7%. Public Storage's dividend payout ratio is presently 114.50%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PSA shares. Truist Financial upped their price objective on shares of Public Storage from $302.00 to $338.00 and gave the stock a "buy" rating in a research report on Tuesday, June 23rd. Scotiabank boosted their target price on Public Storage from $342.00 to $345.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 8th. Weiss Ratings raised Public Storage from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, June 12th. JPMorgan Chase & Co. increased their price target on Public Storage from $291.00 to $338.00 and gave the company a "neutral" rating in a research report on Thursday, June 11th. Finally, BNP Paribas Exane lifted their price target on Public Storage from $331.00 to $335.00 and gave the stock an "outperform" rating in a report on Friday, May 22nd. Seven investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, Public Storage presently has an average rating of "Hold" and an average target price of $326.05.

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.

Want to see what other hedge funds are holding PSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Public Storage (NYSE:PSA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source