Public Storage (PSA) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PSA shares.
View PSA analyst ratings or view top-rated stocks.

5 Wall Street analysts have issued 1-year price objectives for Public Storage's shares. Their PSA share price forecasts range from $250.00 to $340.00. On average, they anticipate the company's share price to reach $304.75 in the next year. This suggests a possible upside of 15.8% from the stock's current price.
View analysts price targets for PSA or view top-rated stocks among Wall Street analysts.

Public Storage's stock was trading at $280.19 at the start of the year. Since then, PSA shares have decreased by 6.1% and is now trading at $263.15.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our PSA earnings forecast.

Public Storage (NYSE:PSA) posted its earnings results on Tuesday, February, 21st. The real estate investment trust reported $2.06 earnings per share for the quarter, missing the consensus estimate of $3.99 by $1.93. The real estate investment trust earned $1.09 billion during the quarter, compared to analysts' expectations of $1.07 billion. Public Storage had a net margin of 95.14% and a trailing twelve-month return on equity of 70.44%. The business's revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.54 EPS.
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Public Storage declared a quarterly dividend on Wednesday, August 2nd. Shareholders of record on Wednesday, September 13th will be paid a dividend of $3.00 per share on Thursday, September 28th. This represents a $12.00 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend is Tuesday, September 12th.
Read our dividend analysis for PSA.

ETFs with the largest weight of Public Storage (NYSE:PSA) stock in their portfolio include Pacer Industrial Real Estate ETF (INDS), SP Funds S&P Global REIT Sharia ETF (SPRE), iShares Residential and Multisector Real Estate ETF (REZ), ETFB Green SRI REITs ETF (RITA), ALPS Active REIT ETF (REIT), iShares Cohen & Steers REIT ETF (ICF), iShares US Credit Bond ETF (CRED) and FlexShares Global Quality Real Estate Index Fund (GQRE).

Public Storage (NYSE:PSA) pays an annual dividend of $12.00 per share and currently has a dividend yield of 4.44%. PSA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 51.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PSA will have a dividend payout ratio of 68.61% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PSA.

Public Storage updated its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of $16.40-$16.80 for the period, compared to the consensus earnings per share estimate of $16.76. The company issued revenue guidance of -.

736 employees have rated Public Storage Chief Executive Officer Ronald L. Havner Jr. on Glassdoor.com. Ronald L. Havner Jr. has an approval rating of 66% among the company's employees.

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), Procter & Gamble (PG), Walmart (WMT), Ford Motor (F) and 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. (8.99%), State Street Corp (6.38%), Capital International Investors (4.27%), Cohen & Steers Inc. (2.30%), Geode Capital Management LLC (2.19%) and Northern Trust Corp (1.28%). Insiders that own company stock include Heisz Leslie Stone, John Reyes, Joseph D Russell Jr, Nathaniel A Vitan, Nathaniel A Vitan, Rebecca L Owen and Tamara Hughes Gustavson.
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Shares of PSA stock 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 $263.15.

Public Storage (NYSE:PSA) has a market capitalization of $46.27 billion and generates $4.39 billion in revenue each year. The real estate investment trust earns $4.35 billion in net income (profit) each year or $23.09 on an earnings per share basis.

The company employs 5,900 workers across the globe.

Public Storage's mailing address is 701 WESTERN AVENUE, GLENDALE CA, 91201. The official website for the company is www.publicstorage.com. The real estate investment trust can be reached via phone at (818) 244-8080, via email at rburke@publicstorage.com, or via fax at 818-244-9530.