Stegent Equity Advisors Inc. Makes New $423,000 Investment in Public Storage $PSA

Stegent Equity Advisors Inc. bought a new stake in Public Storage (NYSE:PSA) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,560 shares of the real estate investment trust’s stock, valued at approximately $423,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in PSA. USS Investment Management Ltd boosted its position in shares of Public Storage by 2.7% during the 1st quarter. USS Investment Management Ltd now owns 33,565 shares of the real estate investment trust’s stock worth $9,094,000 after acquiring an additional 883 shares in the last quarter. IFM Investors Pty Ltd raised its position in Public Storage by 2.1% during the first quarter. IFM Investors Pty Ltd now owns 57,448 shares of the real estate investment trust’s stock valued at $15,562,000 after purchasing an additional 1,172 shares in the last quarter. Premier Path Wealth Partners LLC lifted its stake in Public Storage by 15.8% during the first quarter. Premier Path Wealth Partners LLC now owns 1,340 shares of the real estate investment trust’s stock worth $363,000 after purchasing an additional 183 shares during the last quarter. Capital Investment Counsel LLC boosted its holdings in shares of Public Storage by 3.6% in the 1st quarter. Capital Investment Counsel LLC now owns 10,816 shares of the real estate investment trust’s stock valued at $2,930,000 after purchasing an additional 378 shares in the last quarter. Finally, Drucker Wealth 3.0 LLC increased its stake in shares of Public Storage by 1.2% in the 1st quarter. Drucker Wealth 3.0 LLC now owns 5,744 shares of the real estate investment trust’s stock valued at $1,556,000 after purchasing an additional 69 shares during the last quarter. 78.79% of the stock is currently owned by institutional investors and hedge funds.

Public Storage Stock Performance

Shares of PSA stock opened at $323.20 on Thursday. The business’s 50-day moving average price is $310.06 and its 200-day moving average price is $293.24. Public Storage has a 12 month low of $256.54 and a 12 month high of $331.79. The firm has a market capitalization of $56.74 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 4.28 and a beta of 0.96. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02.

Public Storage (NYSE:PSA) last released its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.42 by $0.29. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The firm’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.12 earnings per share. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Equities research analysts forecast that Public Storage will post 16.94 EPS for the current year.

Public Storage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, June 15th. Public Storage’s dividend payout ratio is 123.84%.

Insider Transactions at Public Storage

In other news, insider Nathaniel A. Vitan sold 950 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $324.81, for a total transaction of $308,569.50. Following the completion of the transaction, the insider owned 1,414 shares of the company’s stock, valued at approximately $459,281.34. This trade represents a 40.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 11.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Jefferies Financial Group raised their price objective on Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $341.00 price target on shares of Public Storage in a report on Wednesday, April 29th. Wall Street Zen upgraded shares of Public Storage from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Evercore increased their price objective on shares of Public Storage from $317.00 to $318.00 in a research note on Tuesday, June 23rd. Finally, Citigroup boosted their target price on shares of Public Storage from $325.00 to $363.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, Public Storage has an average rating of “Hold” and an average price target of $324.68.

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.