Tobam Acquires 2,815 Shares of Public Storage $PSA

Tobam boosted its holdings in shares of Public Storage (NYSE:PSA) by 1,706.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,980 shares of the real estate investment trust’s stock after acquiring an additional 2,815 shares during the period. Tobam’s holdings in Public Storage were worth $773,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. MidFirst Bank purchased a new position in shares of Public Storage during the fourth quarter valued at approximately $413,000. Astoria Portfolio Advisors LLC. lifted its stake in shares of Public Storage by 12.1% in the fourth quarter. Astoria Portfolio Advisors LLC. now owns 822 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 89 shares in the last quarter. Pacer Advisors Inc. boosted its stake in Public Storage by 4.1% during the 4th quarter. Pacer Advisors Inc. now owns 76,832 shares of the real estate investment trust’s stock valued at $19,938,000 after purchasing an additional 2,999 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Public Storage during the fourth quarter valued at $2,188,000. Finally, Invesco Ltd. boosted its position in shares of Public Storage by 26.8% during the fourth quarter. Invesco Ltd. now owns 1,285,080 shares of the real estate investment trust’s stock valued at $333,478,000 after buying an additional 271,860 shares during the last quarter. Institutional investors own 78.79% of the company’s stock.

Insiders Place Their Bets

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

Public Storage Price Performance

NYSE PSA opened at $318.12 on Friday. The company has a 50-day moving average price of $306.88 and a 200-day moving average price of $290.33. Public Storage has a 52 week low of $256.54 and a 52 week high of $331.79. 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 firm has a market capitalization of $55.85 billion, a P/E ratio of 32.83, a PEG ratio of 4.33 and a beta of 0.98.

Public Storage (NYSE:PSA) last posted its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The firm’s revenue was down .1% compared to the same quarter last year. During the same quarter last 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 anticipate that Public Storage will post 16.94 earnings per share for the current year.

Public Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Monday, June 15th. Public Storage’s dividend payout ratio is 123.84%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. UBS Group upped their target price on shares of Public Storage from $276.00 to $314.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. William Blair set a $305.00 price objective on shares of Public Storage in a research report on Monday, March 16th. Scotiabank lifted their target price on shares of Public Storage from $340.00 to $342.00 and gave the stock a “sector outperform” rating in a research report on Thursday. Royal Bank Of Canada boosted their target price on shares of Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings raised Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $323.53.

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.