Public Storage $PSA Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. boosted its position in Public Storage (NYSE:PSA) by 5.9% in the 2nd quarter, according to its most recent filing with the 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PSA. Knights of Columbus Asset Advisors LLC raised its holdings in shares of Public Storage by 25.3% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 18,610 shares of the real estate investment trust’s stock worth $4,829,000 after purchasing an additional 3,763 shares during the period. Hsbc Holdings PLC purchased a new position in shares of Public Storage in the second quarter valued at $195,808,000. Nomura Asset Management Co. Ltd. grew its stake in shares of Public Storage by 3.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 289,675 shares of the real estate investment trust’s stock valued at $75,171,000 after acquiring an additional 9,618 shares in the last quarter. Principal Financial Group Inc. grew its stake in Public Storage by 5.3% during the 4th quarter. Principal Financial Group Inc. now owns 246,002 shares of the real estate investment trust’s stock valued at $63,838,000 after purchasing an additional 12,444 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Public Storage by 5.8% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 458,815 shares of the real estate investment trust’s stock worth $118,576,000 after buying an additional 25,353 shares in the last quarter. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Public Storage from $291.00 to $338.00 and gave the company a “neutral” rating in a report on Thursday, June 11th. Wells Fargo & Company set a $311.00 price objective on shares of Public Storage in a research report on Tuesday. Barclays lifted their target price on Public Storage from $349.00 to $350.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 19th. Scotiabank decreased their price objective on shares of Public Storage from $346.00 to $343.00 and set a “sector outperform” rating for the company in a report on Wednesday. Finally, UBS Group lifted their target price on Public Storage from $314.00 to $326.00 and gave the stock a “neutral” rating in a report on Friday, July 10th. Seven equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $327.00.

Trending Headlines about 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

Insider Activity

In other news, insider Nathaniel A. Vitan sold 1,414 shares of Public Storage stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $327.53, for a total transaction of $463,127.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 11.10% of the stock is currently owned by corporate insiders.

Public Storage Price Performance

Shares of NYSE:PSA opened at $300.96 on Thursday. The company has a market cap 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 12-month low of $256.54 and a 12-month high of $335.55. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.06. The company’s fifty day moving average is $321.37 and its two-hundred day moving average is $307.82.

Public Storage (NYSE:PSA) last announced its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.17 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $1.64. The firm had revenue of $1.23 billion during 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%.The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the company posted $4.28 EPS. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. Equities analysts expect that Public Storage will post 16.93 earnings per share for the current fiscal year.

Public Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Investors of record on Tuesday, September 15th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Tuesday, September 15th. Public Storage’s dividend payout ratio (DPR) is currently 114.50%.

About Public Storage

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.