Public Storage Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Public Storage stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PSA, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Public Storage a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Public Storage wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Public Storage is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Public Storage.

Public Storage (NYSE:PSA) issued its quarterly earnings results on Wednesday, April, 28th. The real estate investment trust reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.70 by $0.49. The real estate investment trust had revenue of $647.80 million for the quarter, compared to analyst estimates of $753.27 million. Public Storage had a net margin of 43.22% and a trailing twelve-month return on equity of 27.74%. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.58 EPS.
View Public Storage's earnings history.

Public Storage's stock was trading at $220.44 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PSA stock has increased by 35.3% and is now trading at $298.36.
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Public Storage declared a quarterly dividend on Wednesday, April 28th. Investors of record on Tuesday, June 15th will be paid a dividend of $2.00 per share on Wednesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Monday, June 14th.
View Public Storage's dividend history.

Public Storage pays an annual dividend of $8.00 per share and currently has a dividend yield of 2.71%. Public Storage does not yet have a strong track record of dividend growth. The dividend payout ratio of Public Storage is 75.40%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Public Storage will have a dividend payout ratio of 64.99% next year. This indicates that Public Storage will be able to sustain or increase its dividend.
View Public Storage's dividend history.

9 brokerages have issued 1-year price objectives for Public Storage's shares. Their forecasts range from $213.00 to $335.00. On average, they expect Public Storage's share price to reach $267.75 in the next year. This suggests that the stock has a possible downside of 10.3%.
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736 employees have rated Public Storage CEO Ronald L. Havner Jr. on Glassdoor.com. Ronald L. Havner Jr. has an approval rating of 66% among Public Storage's employees.

Some companies that are related to Public Storage include American Tower (AMT), Welltower (WELL), Weyerhaeuser (WY), Extra Space Storage (EXR), Ventas (VTR), Medical Properties Trust (MPW), CubeSmart (CUBE), Omega Healthcare Investors (OHI), Life Storage (LSI), Rayonier (RYN), Ryman Hospitality Properties (RHP), Healthcare Realty Trust (HR), EPR Properties (EPR), Sabra Health Care REIT (SBRA) and PotlatchDeltic (PCH).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Public Storage investors own include AT&T (T), Verizon Communications (VZ), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Intel (INTC), Pfizer (PFE), The Procter & Gamble (PG), Walmart (WMT), Ford Motor (F) and The Walt Disney (DIS).

Public Storage trades on the New York Stock Exchange (NYSE) under the ticker symbol "PSA."

Public Storage's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.78%), Cohen & Steers Inc. (6.67%), JPMorgan Chase & Co. (1.96%), Geode Capital Management LLC (1.71%), Northern Trust Corp (1.43%) and Daiwa Securities Group Inc. (1.38%). Company insiders that own Public Storage stock include B Wayne Et Al Hughes, Nathaniel A Vitan, Ronald L Havner Jr, Tamara Hughes Gustavson and Uri P Harkham.
View institutional ownership trends for Public Storage.

PSA stock was sold by a variety of institutional investors in the last quarter, including Royal Bank of Canada, Renaissance Technologies LLC, Nomura Holdings Inc., Janus Henderson Group PLC, Bessemer Group Inc., Canada Pension Plan Investment Board, Daiwa Securities Group Inc., and JPMorgan Chase & Co.. Company insiders that have sold Public Storage company stock in the last year include Nathaniel A Vitan, and Uri P Harkham.
View insider buying and selling activity for Public Storage or view top insider-selling stocks.

PSA stock was acquired by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., Heitman Real Estate Securities LLC, Citigroup Inc., Lasalle Investment Management Securities LLC, Diamond Hill Capital Management Inc., Geode Capital Management LLC, Ameriprise Financial Inc., and Sumitomo Mitsui Trust Holdings Inc.. Company insiders that have bought Public Storage stock in the last two years include Ronald L Havner Jr, and Tamara Hughes Gustavson.
View insider buying and selling activity for Public Storage or or view top insider-buying stocks.

Shares of PSA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PSA stock can currently be purchased for approximately $298.36.

Public Storage has a market capitalization of $52.21 billion and generates $2.92 billion in revenue each year. The real estate investment trust earns $1.36 billion in net income (profit) each year or $10.61 on an earnings per share basis.

Public Storage employs 5,400 workers across the globe.

Public Storage was founded in 1972.

The official website for Public Storage is www.publicstorage.com.

Public Storage is headquartered at 701 WESTERN AVENUE, GLENDALE CA, 91201.

Public Storage's mailing address is 701 WESTERN AVENUE, GLENDALE CA, 91201. The real estate investment trust can be reached via phone at (818) 244-8080.