Northwestern Mutual Wealth Management Co. Has $10.33 Million Stock Position in Public Storage $PSA

Northwestern Mutual Wealth Management Co. raised its position in shares of Public Storage (NYSE:PSA) by 5.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,439 shares of the real estate investment trust’s stock after acquiring an additional 1,818 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Public Storage were worth $10,326,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. New Mexico Educational Retirement Board boosted its holdings in Public Storage by 5.4% in the 2nd quarter. New Mexico Educational Retirement Board now owns 7,765 shares of the real estate investment trust’s stock valued at $2,472,000 after purchasing an additional 400 shares during the period. Mufg Securities Americas Inc. grew its stake in shares of Public Storage by 8.9% in the 2nd quarter. Mufg Securities Americas Inc. now owns 4,759 shares of the real estate investment trust’s stock valued at $1,515,000 after purchasing an additional 388 shares during the period. Van ECK Associates Corp grew its position in Public Storage by 2.5% in the second quarter. Van ECK Associates Corp now owns 132,352 shares of the real estate investment trust’s stock valued at $42,129,000 after acquiring an additional 3,264 shares during the period. Nissay Asset Management Corp Japan grew its holdings in shares of Public Storage by 1.4% in the 2nd quarter. Nissay Asset Management Corp Japan now owns 46,053 shares of the real estate investment trust’s stock worth $14,659,000 after purchasing an additional 654 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in Public Storage by 11.9% during the second quarter. Hsbc Holdings PLC now owns 614,852 shares of the real estate investment trust’s stock worth $195,808,000 after buying an additional 65,228 shares during the last quarter. 78.79% of the stock is owned by institutional investors.

Insider Activity at Public Storage

In related news, insider Nathaniel A. Vitan sold 1,414 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were 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 SEC, which is available through the SEC website. Company insiders own 11.10% of the company’s stock.

Key Stories Impacting Public Storage

Here are the key news stories impacting Public Storage this week:

• Positive Sentiment: Public Storage completed its approximately $1.2 billion acquisition of Public Storage Canada, expanding its self-storage portfolio into Canada and potentially adding scale and long-term growth opportunities. The transaction included roughly $900 million of Public Storage consideration. Public Storage Completes Acquisition of Public Storage Canada
• Positive Sentiment: Mizuho raised its price target for PSA to $319 from $316, implying approximately 6% potential upside from the referenced share price. However, the firm maintained a Neutral rating, signaling limited conviction in near-term outperformance. Mizuho Adjusts Price Target on Public Storage
• Neutral Sentiment: Wells Fargo upgraded Public Storage to Hold, while the broader brokerage consensus remains at an average Hold recommendation. The change may reduce bearish pressure but does not provide a strong bullish catalyst. Wells Fargo Public Storage Rating
• Negative Sentiment: Aric Chang, Public Storage’s CFO of Real Estate, is leaving to become CFO of American Healthcare REIT effective October 1, 2026. Although a successor has not been identified in the announcement, the transition creates some management-continuity uncertainty. American Healthcare REIT Names Aric Chang Chief Financial Officer

Public Storage Stock Performance

NYSE PSA opened at $300.96 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.06. The firm’s fifty day moving average price is $321.37 and its two-hundred day moving average price is $307.82. The firm has a market capitalization of $52.86 billion, a P/E ratio of 28.72, a price-to-earnings-growth ratio of 4.12 and a beta of 0.95. Public Storage has a 1 year low of $256.54 and a 1 year high of $335.55.

Public Storage (NYSE:PSA) 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, beating the consensus estimate of $2.53 by $1.64. Public Storage had a return on equity of 40.98% and a net margin of 41.80%.The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm posted $4.28 EPS. The company’s quarterly revenue was down .5% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. As a group, research analysts anticipate that Public Storage will post 16.93 EPS for the current year.

Public Storage Dividend Announcement

The company also recently declared 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 4.0%. Public Storage’s payout ratio is 114.50%.

Wall Street Analysts Forecast Growth

PSA has been the subject of a number of research reports. Weiss Ratings upgraded Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a research note 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 note on Thursday, June 11th. BNP Paribas Exane boosted their price objective on shares of Public Storage from $331.00 to $335.00 and gave the company an “outperform” rating in a report on Friday, May 22nd. Wells Fargo & Company set a $311.00 target price on Public Storage in a research note on Tuesday. Finally, Raymond James Financial started coverage on shares of Public Storage in a research report on Thursday, July 16th. They set a “market perform” rating for the company. Seven analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $327.00.

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.