NYSE:PSA - Public Storage Stock Price, Forecast & News

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

Public Storage declared a dividend on Tuesday, October 29th. Stockholders of record on Friday, December 13th will be given a dividend of $2.00 per share on Monday, December 30th. The ex-dividend date of this dividend is Thursday, December 12th. View Public Storage's Dividend History.

Public Storage (NYSE:PSA) released its quarterly earnings results on Tuesday, October, 29th. The real estate investment trust reported $1.93 earnings per share for the quarter, topping analysts' consensus estimates of $1.90 by $0.03. The real estate investment trust earned $729.33 million during the quarter, compared to analysts' expectations of $732.26 million. Public Storage had a return on equity of 33.96% and a net margin of 60.98%. The business's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.85 EPS. View Public Storage's Earnings History.

Public Storage is scheduled to release their next quarterly earnings announcement on Tuesday, February 25th 2020. View Earnings Estimates for Public Storage.

12 Wall Street analysts have issued twelve-month target prices for Public Storage's stock. Their forecasts range from $201.00 to $285.00. On average, they expect Public Storage's share price to reach $240.06 in the next year. This suggests a possible upside of 13.8% from the stock's current price. View Analyst Price Targets for Public Storage.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last year. There are currently 3 sell ratings, 7 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Public Storage.

News coverage about PSA stock has trended negative on Tuesday, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Public Storage earned a daily sentiment score of -2.0 on InfoTrie's scale. They also assigned headlines about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Public Storage.

Public Storage saw a increase in short interest in October. As of October 31st, there was short interest totalling 6,050,000 shares, an increase of 10.0% from the September 30th total of 5,500,000 shares. Based on an average trading volume of 950,200 shares, the days-to-cover ratio is currently 6.4 days. Currently, 4.1% of the company's shares are short sold. View Public Storage's Current Options Chain.

Some companies that are related to Public Storage include American Tower (AMT), Welltower (WELL), Weyerhaeuser (WY), Ventas (VTR), HCP (HCP), Extra Space Storage (EXR), Host Hotels and Resorts (HST), Medical Properties Trust (MPW), Omega Healthcare Investors (OHI), CubeSmart (CUBE), EPR Properties (EPR), Life Storage (LSI), Ryman Hospitality Properties (RHP), Healthcare Realty Trust (HR) and Sabra Health Care REIT (SBRA).

Based on aggregate information from My MarketBeat watchlists, some companies that other Public Storage investors own include AT&T (T), Ford Motor (F), Verizon Communications (VZ), Cisco Systems (CSCO), Simon Property Group (SPG), Walt Disney (DIS), Home Depot (HD), PepsiCo (PEP), Johnson & Johnson (JNJ) and Intel (INTC).

Public Storage's stock is owned by many different of retail and institutional investors. Top institutional shareholders include State Street Corp (6.36%), Massachusetts Financial Services Co. MA (1.59%), Daiwa Securities Group Inc. (0.81%), California Public Employees Retirement System (0.75%), Sumitomo Mitsui Trust Holdings Inc. (0.47%) and Russell Investments Group Ltd. (0.33%). Company insiders that own Public Storage stock include B Wayne Et Al Hughes, Gary E Pruitt, Lily Yan Hughes and Ronald L Havner, Jr. View Institutional Ownership Trends for Public Storage.

PSA stock was sold by a variety of institutional investors in the last quarter, including Daiwa Securities Group Inc., Russell Investments Group Ltd., SG Americas Securities LLC, CWM LLC, State of Alaska Department of Revenue, Duff & Phelps Investment Management Co., Chicago Equity Partners LLC and Teacher Retirement System of Texas. Company insiders that have sold Public Storage company stock in the last year include B Wayne Et Al Hughes and Lily Yan Hughes. View Insider Buying and Selling for Public Storage.

PSA stock was acquired by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, PGGM Investments, Alberta Investment Management Corp, Zimmer Partners LP, State of New Jersey Common Pension Fund D, Millennium Management LLC, State Street Corp and Robeco Institutional Asset Management B.V.. View Insider Buying and Selling for Public Storage.

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

One share of PSA stock can currently be purchased for approximately $210.99.

Public Storage has a market capitalization of $36.86 billion and generates $2.75 billion in revenue each year. The real estate investment trust earns $1.71 billion in net income (profit) each year or $10.56 on an earnings per share basis. Public Storage employs 5,600 workers across the globe.View Additional Information About Public Storage.

The official website for Public Storage is http://www.publicstorage.com/.

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.