Ameriprise Financial Inc. Purchases 5,835 Shares of Public Storage $PSA

Ameriprise Financial Inc. boosted its position in Public Storage (NYSE:PSA) by 0.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,241,387 shares of the real estate investment trust’s stock after buying an additional 5,835 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.71% of Public Storage worth $355,701,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. First Pacific Financial bought a new stake in shares of Public Storage in the third quarter worth $26,000. Harvest Fund Management Co. Ltd bought a new stake in Public Storage during the 3rd quarter worth about $27,000. Asset Dedication LLC boosted its stake in shares of Public Storage by 111.1% during the 2nd quarter. Asset Dedication LLC now owns 95 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 50 shares during the last quarter. Raiffeisen Bank International AG acquired a new position in shares of Public Storage during the 3rd quarter worth about $30,000. Finally, Tradewinds Capital Management LLC bought a new position in shares of Public Storage in the 3rd quarter valued at about $33,000. Institutional investors own 78.79% of the company’s stock.

Public Storage Stock Performance

NYSE PSA opened at $289.78 on Tuesday. The stock has a market cap of $50.86 billion, a PE ratio of 32.13, a P/E/G ratio of 6.03 and a beta of 0.99. 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 50-day moving average of $291.72 and a 200-day moving average of $284.76. Public Storage has a 52-week low of $256.54 and a 52-week high of $312.95.

Public Storage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Monday, March 16th. Public Storage’s dividend payout ratio (DPR) is presently 133.04%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PSA. Morgan Stanley started coverage on Public Storage in a research report on Friday, December 5th. They issued an “equal weight” rating and a $290.00 target price on the stock. Wall Street Zen cut Public Storage from a “hold” rating to a “sell” rating in a research report on Saturday, January 10th. The Goldman Sachs Group restated a “buy” rating and issued a $330.00 price target on shares of Public Storage in a research note on Friday, February 20th. Scotiabank boosted their price target on Public Storage from $300.00 to $319.00 and gave the stock a “sector outperform” rating in a research report on Monday, March 2nd. Finally, Wolfe Research cut Public Storage from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $307.00.

More Public Storage News

Here are the key news stories impacting Public Storage this week:

• Positive Sentiment: The transaction creates a much larger national self‑storage platform with potential scale benefits, operating synergies and a clearer PS4.0 growth plan that could lift long‑term cash flow and competitive position. Public Storage to Acquire National Storage Affiliates
• Positive Sentiment: Management and analysts highlight significant combined scale — reports note the merged company would rank among the biggest publicly traded storage operators, which may support pricing power and portfolio optimization over time. WSJ: Public Storage to Acquire National Storage Affiliates
• Neutral Sentiment: Deal mechanics: NSA shareholders will receive 0.14 PSA shares per NSA share; some outlets value the transaction at roughly $10.5B while others report a ~$5.6B stock‑deal component — differences reflect valuation metrics and reporting frames. Proactive: Public Storage to acquire National Storage Affiliates in $10.5B deal
• Neutral Sentiment: Management held an M&A call and provided slides/transcript with deal rationale and next steps; investors will watch approvals, JV arrangements and integration timelines for clarity. Seeking Alpha: M&A Call Transcript
• Negative Sentiment: The all‑stock structure increases PSA’s share count and may cause near‑term EPS dilution and selling pressure as NSA holders receive PSA shares; that dilution concern is a key reason the stock is trading lower. Seeking Alpha: Compelling Merger But Maybe Not Short‑Term
• Negative Sentiment: Integration and execution risks, plus potential impacts to leverage and capital allocation, create near‑term uncertainty that can weigh on the stock until synergies and pro‑forma metrics are clearer. Benzinga: Public Storage Strikes $10.5B Deal

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.