Janus Henderson Group PLC Purchases 3,935 Shares of Public Storage (NYSE:PSA)

Janus Henderson Group PLC increased its holdings in shares of Public Storage (NYSE:PSA - Free Report) by 1.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 401,157 shares of the real estate investment trust's stock after acquiring an additional 3,935 shares during the period. Janus Henderson Group PLC owned about 0.23% of Public Storage worth $145,908,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Prospera Private Wealth LLC bought a new position in shares of Public Storage in the third quarter worth about $34,000. Ashton Thomas Securities LLC bought a new position in shares of Public Storage in the third quarter worth about $38,000. OFI Invest Asset Management bought a new position in shares of Public Storage in the second quarter worth about $32,000. Opal Wealth Advisors LLC bought a new position in shares of Public Storage in the second quarter worth about $36,000. Finally, EdgeRock Capital LLC bought a new stake in shares of Public Storage during the second quarter worth approximately $39,000. 78.79% of the stock is currently owned by institutional investors and hedge funds.

Public Storage Price Performance

Public Storage stock traded down $2.17 during trading hours on Thursday, reaching $332.44. 568,689 shares of the stock were exchanged, compared to its average volume of 712,186. The company has a market cap of $58.21 billion, a P/E ratio of 34.52, a price-to-earnings-growth ratio of 5.59 and a beta of 0.71. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.77. Public Storage has a twelve month low of $256.31 and a twelve month high of $369.99. The stock has a 50 day moving average of $340.84 and a two-hundred day moving average of $320.43.

Public Storage Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be paid a $3.00 dividend. The ex-dividend date is Friday, December 13th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.61%. Public Storage's payout ratio is currently 124.61%.

Analyst Ratings Changes

Several brokerages have commented on PSA. Royal Bank of Canada reduced their price target on shares of Public Storage from $358.00 to $344.00 and set a "sector perform" rating for the company in a report on Friday, November 8th. Morgan Stanley upped their price target on shares of Public Storage from $293.00 to $315.00 and gave the company an "equal weight" rating in a report on Wednesday, October 2nd. Barclays reduced their price target on shares of Public Storage from $381.00 to $380.00 and set an "overweight" rating for the company in a report on Tuesday, November 12th. Wells Fargo & Company reduced their price target on shares of Public Storage from $375.00 to $365.00 and set an "overweight" rating for the company in a report on Tuesday, November 5th. Finally, Wolfe Research upgraded shares of Public Storage to a "strong-buy" rating in a report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Public Storage presently has a consensus rating of "Moderate Buy" and a consensus target price of $342.07.

Public Storage Company 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.