Skandinaviska Enskilda Banken AB publ Has $35.83 Million Stock Holdings in Public Storage (NYSE:PSA)

Skandinaviska Enskilda Banken AB publ boosted its position in shares of Public Storage (NYSE:PSA) by 56.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 121,137 shares of the real estate investment trust’s stock after buying an additional 43,529 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned approximately 0.07% of Public Storage worth $35,834,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Haverford Trust Co raised its position in shares of Public Storage by 0.7% during the 3rd quarter. Haverford Trust Co now owns 4,282 shares of the real estate investment trust’s stock valued at $1,558,000 after acquiring an additional 30 shares during the last quarter. Huntington National Bank raised its position in shares of Public Storage by 5.4% during the 3rd quarter. Huntington National Bank now owns 645 shares of the real estate investment trust’s stock valued at $235,000 after acquiring an additional 33 shares during the last quarter. Chesapeake Wealth Management raised its position in shares of Public Storage by 2.2% during the 3rd quarter. Chesapeake Wealth Management now owns 1,538 shares of the real estate investment trust’s stock valued at $560,000 after acquiring an additional 33 shares during the last quarter. Lindenwold Advisors INC raised its position in shares of Public Storage by 0.8% during the 3rd quarter. Lindenwold Advisors INC now owns 4,390 shares of the real estate investment trust’s stock valued at $1,597,000 after acquiring an additional 34 shares during the last quarter. Finally, Doliver Advisors LP raised its position in shares of Public Storage by 2.6% during the 4th quarter. Doliver Advisors LP now owns 1,446 shares of the real estate investment trust’s stock valued at $433,000 after acquiring an additional 36 shares during the last quarter. Institutional investors own 78.79% of the company’s stock.

Public Storage Trading Down 3.6 %

Public Storage stock opened at $292.66 on Friday. The firm has a 50-day moving average of $299.84 and a 200-day moving average of $324.01. Public Storage has a one year low of $256.31 and a one year high of $369.99. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market cap of $51.34 billion, a price-to-earnings ratio of 30.39, a P/E/G ratio of 4.91 and a beta of 0.73.

Public Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 13th will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 4.10%. Public Storage’s dividend payout ratio is 112.89%.

Analysts Set New Price Targets

PSA has been the subject of several recent research reports. Royal Bank of Canada dropped their target price on shares of Public Storage from $342.00 to $329.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 26th. Truist Financial upped their price objective on shares of Public Storage from $306.00 to $340.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Public Storage from a “sell” rating to a “hold” rating and upped their price objective for the company from $298.00 to $299.00 in a research report on Friday, January 10th. Wells Fargo & Company lowered their price objective on shares of Public Storage from $365.00 to $330.00 and set an “overweight” rating for the company in a research report on Friday, February 21st. Finally, Barclays restated an “overweight” rating and issued a $354.00 price objective (down previously from $361.00) on shares of Public Storage in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Public Storage has an average rating of “Moderate Buy” and an average price target of $339.69.

About Public Storage

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.