Public Storage (PSA) Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last year. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PSA shares.
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8 Wall Street research analysts have issued 1-year price targets for Public Storage's shares. Their PSA share price forecasts range from $290.00 to $385.00. On average, they anticipate the company's stock price to reach $351.75 in the next twelve months. This suggests a possible upside of 22.7% from the stock's current price.
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Public Storage's stock was trading at $280.19 on January 1st, 2023. Since then, PSA shares have increased by 2.3% and is now trading at $286.69.
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Public Storage saw a decrease in short interest during the month of April. As of April 15th, there was short interest totaling 3,820,000 shares, a decrease of 15.3% from the March 31st total of 4,510,000 shares. Based on an average trading volume of 1,120,000 shares, the short-interest ratio is currently 3.4 days. Approximately 2.4% of the company's stock are short sold.
View Public Storage's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our PSA earnings forecast.

Public Storage (NYSE:PSA) announced its quarterly earnings data on Tuesday, February, 21st. The real estate investment trust reported $2.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.99 by $1.93. The real estate investment trust had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. Public Storage had a net margin of 98.82% and a trailing twelve-month return on equity of 72.08%. The firm's revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.54 earnings per share.
Read the conference call transcript.

Public Storage declared a quarterly dividend on Tuesday, May 2nd. Shareholders of record on Wednesday, June 14th will be paid a dividend of $3.00 per share on Thursday, June 29th. This represents a $12.00 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend is Tuesday, June 13th.
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), iShares Residential and Multisector Real Estate ETF (REZ), SP Funds S&P Global REIT Sharia ETF (SPRE), ETFB Green SRI REITs ETF (RITA), iShares Cohen & Steers REIT ETF (ICF), ALPS Active REIT ETF (REIT), FlexShares Global Quality Real Estate Index Fund (GQRE) and iShares US Credit Bond ETF (CRED).

Public Storage (NYSE:PSA) pays an annual dividend of $12.00 per share and currently has a dividend yield of 4.24%. 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 51.04%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PSA will have a dividend payout ratio of 67.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PSA.

Public Storage issued an update on its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of $16.15-$16.80 for the period, compared to the consensus estimate of $16.74. 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 investors include BlackRock Inc. (9.61%), State Street Corp (6.36%), Wellington Management Group LLP (2.52%), Geode Capital Management LLC (2.13%), Price T Rowe Associates Inc. MD (1.57%) and JPMorgan Chase & Co. (1.27%). Insiders that own company stock include Heisz Leslie Stone, John Reyes, Joseph D Russell Jr, Nathaniel A Vitan, Nathaniel A Vitan, Rebecca L Owen, Ronald L Havner Jr, Tamara Hughes Gustavson and Uri P Harkham.
View institutional ownership trends.

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 $286.69.

Public Storage (NYSE:PSA) has a market capitalization of $50.40 billion and generates $4.18 billion in revenue each year. The real estate investment trust earns $4.35 billion in net income (profit) each year or $23.51 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.