Inceptionr LLC Buys Shares of 4,345 Public Storage $PSA

Inceptionr LLC bought a new stake in shares of Public Storage (NYSE:PSA) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,345 shares of the real estate investment trust’s stock, valued at approximately $1,128,000.

A number of other large investors have also recently bought and sold shares of the stock. Empowered Funds LLC grew its stake in Public Storage by 13.3% in the 1st quarter. Empowered Funds LLC now owns 3,186 shares of the real estate investment trust’s stock worth $954,000 after acquiring an additional 373 shares during the period. Sivia Capital Partners LLC purchased a new stake in Public Storage in the 2nd quarter worth approximately $929,000. Nebula Research & Development LLC purchased a new stake in Public Storage in the 2nd quarter worth approximately $1,113,000. Treasurer of the State of North Carolina boosted its holdings in shares of Public Storage by 1.9% during the second quarter. Treasurer of the State of North Carolina now owns 73,774 shares of the real estate investment trust’s stock worth $21,647,000 after purchasing an additional 1,390 shares during the last quarter. Finally, Ieq Capital LLC boosted its holdings in shares of Public Storage by 219.8% during the second quarter. Ieq Capital LLC now owns 48,190 shares of the real estate investment trust’s stock worth $14,140,000 after purchasing an additional 33,122 shares during the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. BMO Capital Markets restated a “market perform” rating on shares of Public Storage in a report on Monday, March 16th. Weiss Ratings restated a “hold (c)” rating on shares of Public Storage in a report on Tuesday, April 21st. William Blair set a $305.00 price objective on Public Storage in a report on Monday, March 16th. Scotiabank raised their price objective on Public Storage from $321.00 to $340.00 in a report on Monday, May 11th. Finally, Jefferies Financial Group raised their price objective on Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $316.67.

Public Storage Price Performance

PSA stock opened at $324.73 on Thursday. Public Storage has a 52-week low of $256.54 and a 52-week high of $331.79. The stock has a market capitalization of $57.01 billion, a price-to-earnings ratio of 33.51, a price-to-earnings-growth ratio of 4.40 and a beta of 0.98. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.02. The stock’s fifty day simple moving average is $301.26 and its 200-day simple moving average is $288.11.

Public Storage (NYSE:PSA) last issued its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter last year, the firm earned $4.12 earnings per share. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Equities research analysts expect that Public Storage will post 16.92 EPS for the current year.

Public Storage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $3.00 dividend. The ex-dividend date is Monday, June 15th. This represents a $12.00 dividend on an annualized basis and a yield of 3.7%. Public Storage’s dividend payout ratio (DPR) is presently 123.84%.

Public Storage 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.