Public Storage (PSA) Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PSA shares. 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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7 brokerages have issued 1-year price targets for Public Storage's shares. Their PSA share price forecasts range from $290.00 to $380.00. On average, they expect the company's stock price to reach $347.00 in the next twelve months. This suggests a possible upside of 22.4% from the stock's current price.
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Public Storage's stock was trading at $280.19 at the beginning of 2023. Since then, PSA shares have increased by 1.2% and is now trading at $283.43.
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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 earnings results on Tuesday, February, 21st. The real estate investment trust reported $2.06 EPS for the quarter, missing analysts' consensus estimates of $3.99 by $1.93. The real estate investment trust earned $1.09 billion during 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% compared to the same quarter last year. During the same period last year, the company posted $3.54 earnings per share.
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Public Storage declared a quarterly dividend on Tuesday, May 2nd. Investors 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 dividend yield of 4.23%. The ex-dividend date 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 4.15%. 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 updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of $16.15-$16.80 for the period, compared to the consensus earnings per share 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 number of retail and institutional investors. Top institutional shareholders 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.
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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 $283.43.

Public Storage (NYSE:PSA) has a market capitalization of $49.83 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.