Daiwa Securities Group Inc. Buys 30,063 Shares of Public Storage $PSA

Daiwa Securities Group Inc. increased its stake in Public Storage (NYSE:PSA) by 3.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 921,044 shares of the real estate investment trust’s stock after acquiring an additional 30,063 shares during the period. Public Storage comprises 0.6% of Daiwa Securities Group Inc.’s holdings, making the stock its 23rd largest position. Daiwa Securities Group Inc.’s holdings in Public Storage were worth $293,178,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC lifted its stake in Public Storage by 2.2% during the first quarter. V Square Quantitative Management LLC now owns 1,546 shares of the real estate investment trust’s stock worth $419,000 after purchasing an additional 34 shares in the last quarter. Gryphon Financial Partners LLC grew its stake in shares of Public Storage by 2.6% in the first quarter. Gryphon Financial Partners LLC now owns 1,423 shares of the real estate investment trust’s stock valued at $385,000 after buying an additional 36 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Public Storage by 1.7% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,215 shares of the real estate investment trust’s stock valued at $575,000 after buying an additional 37 shares in the last quarter. Raiffeisen Bank International AG raised its holdings in shares of Public Storage by 35.2% in the 4th quarter. Raiffeisen Bank International AG now owns 142 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 37 shares during the period. Finally, Chesapeake Capital Corp IL lifted its stake in Public Storage by 1.3% during the 2nd quarter. Chesapeake Capital Corp IL now owns 2,994 shares of the real estate investment trust’s stock worth $953,000 after acquiring an additional 38 shares in the last quarter. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Nathaniel A. Vitan sold 1,414 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $327.53, for a total value of $463,127.42. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 11.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PSA shares. Royal Bank Of Canada lifted their target price on Public Storage from $305.00 to $318.00 and gave the company a “sector perform” rating in a research report on Friday, July 31st. The Goldman Sachs Group reissued a “buy” rating and set a $341.00 price target on shares of Public Storage in a research report on Wednesday, April 29th. BNP Paribas Exane raised their price objective on shares of Public Storage from $331.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. Citigroup lifted their price objective on shares of Public Storage from $325.00 to $363.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Finally, Evercore set a $316.00 target price on shares of Public Storage in a research note on Monday, July 6th. Seven equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, Public Storage currently has a consensus rating of “Hold” and a consensus target price of $326.05.

Public Storage Trading Down 0.8%

PSA opened at $325.99 on Friday. The business has a fifty day moving average price of $322.15 and a 200 day moving average price of $304.57. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.66 and a quick ratio of 0.66. Public Storage has a 12 month low of $256.54 and a 12 month high of $335.55. The stock has a market capitalization of $57.25 billion, a price-to-earnings ratio of 31.11, a PEG ratio of 3.87 and a beta of 0.96.

Public Storage (NYSE:PSA) last posted its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $1.64. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. Public Storage had a return on equity of 40.98% and a net margin of 41.80%.Public Storage’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the company earned $4.28 EPS. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. Sell-side analysts expect that Public Storage will post 16.93 earnings per share for the current fiscal year.

Public Storage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Tuesday, September 15th will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Tuesday, September 15th. Public Storage’s dividend payout ratio is presently 114.50%.

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.