Schroder Investment Management Group Has $87.34 Million Stock Holdings in Public Storage $PSA

Schroder Investment Management Group decreased its holdings in shares of Public Storage (NYSE:PSA) by 3.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 302,688 shares of the real estate investment trust’s stock after selling 9,778 shares during the quarter. Schroder Investment Management Group owned 0.17% of Public Storage worth $87,335,000 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. grew its stake in Public Storage by 10.8% during the 3rd quarter. Vanguard Group Inc. now owns 23,068,701 shares of the real estate investment trust’s stock valued at $6,663,394,000 after acquiring an additional 2,253,225 shares in the last quarter. State Street Corp lifted its position in shares of Public Storage by 1.2% in the second quarter. State Street Corp now owns 10,613,807 shares of the real estate investment trust’s stock worth $3,114,303,000 after purchasing an additional 126,113 shares in the last quarter. Norges Bank acquired a new stake in shares of Public Storage during the second quarter worth approximately $1,153,971,000. JPMorgan Chase & Co. boosted its holdings in shares of Public Storage by 5.6% during the third quarter. JPMorgan Chase & Co. now owns 3,334,488 shares of the real estate investment trust’s stock worth $963,177,000 after purchasing an additional 177,421 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Public Storage by 3.1% during the second 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 purchasing an additional 87,918 shares in the last quarter. 78.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PSA. Evercore set a $302.00 price objective on shares of Public Storage in a research note on Tuesday, February 17th. Wall Street Zen lowered shares of Public Storage from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. BNP Paribas Exane lowered their price target on shares of Public Storage from $329.00 to $315.00 in a report on Tuesday, December 23rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $301.00 price target (down from $316.00) on shares of Public Storage in a research note on Thursday, December 18th. Finally, Scotiabank increased their price objective on Public Storage from $300.00 to $319.00 and gave the stock a “sector outperform” rating in a report on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Public Storage has an average rating of “Hold” and a consensus target price of $307.13.

Public Storage Trading Down 0.4%

Public Storage stock opened at $306.75 on Tuesday. Public Storage has a 52 week low of $256.54 and a 52 week high of $322.49. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market capitalization of $53.84 billion, a PE ratio of 34.01, a PEG ratio of 6.24 and a beta of 0.99. The business’s 50-day simple moving average is $287.88 and its 200-day simple moving average is $284.51.

Public Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a dividend of $3.00 per share. The ex-dividend date is Monday, March 16th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.9%. Public Storage’s payout ratio is 133.04%.

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.