Public Storage $PSA Shares Bought by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. increased its stake in Public Storage by 74.3% during the first quarter, owning 40,933 shares valued at approximately $12.25 million.
• Public Storage reported earnings of $4.28 per share for the most recent quarter, outperforming the consensus estimate of $4.23, and is projecting FY 2025 EPS in the range of 16.450-17.00.
• The company declared a quarterly dividend of $3.00 per share, resulting in an annualized dividend of $12.00 with a yield of 4.1%.

Nomura Holdings Inc. raised its position in Public Storage (NYSE:PSA - Free Report) by 74.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 40,933 shares of the real estate investment trust's stock after purchasing an additional 17,448 shares during the period. Nomura Holdings Inc.'s holdings in Public Storage were worth $12,251,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new stake in shares of Public Storage during the fourth quarter valued at $30,000. Spectrum Wealth Counsel LLC acquired a new stake in shares of Public Storage during the first quarter valued at $30,000. Opal Wealth Advisors LLC acquired a new stake in shares of Public Storage during the first quarter valued at $36,000. Wayfinding Financial LLC acquired a new stake in shares of Public Storage during the first quarter valued at $41,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Public Storage during the fourth quarter valued at $43,000. Institutional investors and hedge funds own 78.79% of the company's stock.

Public Storage Stock Performance

NYSE PSA opened at $294.72 on Monday. The firm has a market capitalization of $51.71 billion, a P/E ratio of 32.14, a P/E/G ratio of 4.89 and a beta of 0.86. Public Storage has a 1-year low of $256.60 and a 1-year high of $369.99. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.77 and a quick ratio of 1.77. The business's 50-day simple moving average is $287.69 and its 200-day simple moving average is $294.04.

Public Storage (NYSE:PSA - Get Free Report) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $4.28 EPS for the quarter, beating the consensus estimate of $4.23 by $0.05. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. Public Storage had a return on equity of 34.06% and a net margin of 38.13%.The company's revenue was up 2.4% on a year-over-year basis. During the same period last year, the business posted $4.23 EPS. Public Storage has set its FY 2025 guidance at 16.450-17.00 EPS. Equities analysts predict that Public Storage will post 16.7 EPS for the current year.

Public Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $3.00 per share. The ex-dividend date is Monday, September 15th. This represents a $12.00 annualized dividend and a yield of 4.1%. Public Storage's payout ratio is currently 130.86%.

Analyst Ratings Changes

A number of research firms recently commented on PSA. Wells Fargo & Company decreased their price objective on Public Storage from $330.00 to $320.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Mizuho increased their price objective on Public Storage from $287.00 to $309.00 and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Scotiabank decreased their price objective on Public Storage from $340.00 to $333.00 and set a "sector outperform" rating on the stock in a research note on Thursday. Bank of America increased their price objective on Public Storage from $368.00 to $380.00 and gave the company a "buy" rating in a research note on Tuesday, May 13th. Finally, Barclays decreased their price target on Public Storage from $351.00 to $349.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $331.62.

About Public Storage

Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At December 31, 2023, we had: (i) interests in 3,044 self-storage facilities located in 40 states with approximately 218 million net rentable square feet in the United States and (ii) a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 275 self-storage facilities located in seven Western European nations with approximately 15 million net rentable square feet operated under the Shurgard brand.

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