Schroder Investment Management Group Has $91.68 Million Stock Holdings in Public Storage $PSA

Schroder Investment Management Group decreased its holdings in shares of Public Storage (NYSE:PSA) by 6.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 312,466 shares of the real estate investment trust’s stock after selling 20,853 shares during the quarter. Schroder Investment Management Group owned 0.18% of Public Storage worth $91,684,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Public Storage by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 20,815,476 shares of the real estate investment trust’s stock worth $6,107,677,000 after acquiring an additional 79,580 shares during the period. Norges Bank purchased a new stake in shares of Public Storage in the second quarter worth approximately $1,153,971,000. JPMorgan Chase & Co. boosted its holdings in shares of Public Storage by 3.4% during the second quarter. JPMorgan Chase & Co. now owns 3,157,067 shares of the real estate investment trust’s stock worth $926,357,000 after purchasing an additional 103,965 shares during the period. Wellington Management Group LLP grew its position in Public Storage by 1.0% during the first quarter. Wellington Management Group LLP now owns 2,987,662 shares of the real estate investment trust’s stock valued at $894,177,000 after purchasing an additional 30,775 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Public Storage by 3.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,924,395 shares of the real estate investment trust’s stock valued at $857,674,000 after buying an additional 87,918 shares during the period. 78.79% of the stock is owned by institutional investors and hedge funds.

Public Storage Price Performance

Shares of NYSE:PSA opened at $274.71 on Friday. The stock has a market capitalization of $48.20 billion, a P/E ratio of 28.53, a P/E/G ratio of 4.72 and a beta of 0.91. The business has a 50-day moving average of $285.94 and a two-hundred day moving average of $289.75. Public Storage has a fifty-two week low of $256.60 and a fifty-two week high of $352.66. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.77 and a quick ratio of 1.77.

Public Storage (NYSE:PSA) last issued its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $4.31 EPS for the quarter, beating analysts’ consensus estimates of $4.24 by $0.07. Public Storage had a return on equity of 35.67% and a net margin of 39.53%.The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the prior year, the firm posted $4.20 EPS. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. Public Storage has set its FY 2025 guidance at 16.700-17.000 EPS. On average, equities research analysts predict that Public Storage will post 16.7 EPS for the current fiscal year.

Public Storage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th will be given a $3.00 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 4.4%. Public Storage’s dividend payout ratio (DPR) is currently 124.61%.

Analysts Set New Price Targets

PSA has been the subject of a number of research reports. Truist Financial decreased their target price on shares of Public Storage from $320.00 to $315.00 and set a “buy” rating for the company in a research note on Tuesday. Wall Street Zen upgraded Public Storage from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Deutsche Bank Aktiengesellschaft raised Public Storage from a “hold” rating to a “buy” rating and set a $325.00 price objective for the company in a research report on Monday, October 13th. Evercore ISI dropped their target price on Public Storage from $317.00 to $315.00 and set an “in-line” rating on the stock in a research report on Monday, November 3rd. Finally, Raymond James Financial cut their price target on Public Storage from $350.00 to $330.00 and set a “strong-buy” rating for the company in a research note on Tuesday, November 18th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $325.21.

Public Storage Profile

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.