Public Storage - PSA Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last twelve months. There are currently 5 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PSA shares.
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12 brokers have issued 1-year price targets for Public Storage's stock. Their PSA share price forecasts range from $298.00 to $440.00. On average, they predict the company's stock price to reach $366.08 in the next year. This suggests a possible upside of 5.7% from the stock's current price.
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Public Storage's stock was trading at $374.56 on January 1st, 2022. Since then, PSA stock has decreased by 7.5% and is now trading at $346.44.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our PSA earnings forecast.

Public Storage (NYSE:PSA) announced its quarterly earnings results on Tuesday, May, 3rd. The real estate investment trust reported $2.63 earnings per share for the quarter, missing the consensus estimate of $3.59 by $0.96. The real estate investment trust had revenue of $749.27 million for the quarter, compared to analyst estimates of $985.58 million. Public Storage had a net margin of 56.93% and a trailing twelve-month return on equity of 40.19%. The company's revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.82 earnings per share.
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Public Storage announced a quarterly dividend on Thursday, August 4th. Investors of record on Wednesday, September 14th will be paid a dividend of $2.00 per share on Thursday, September 29th. This represents a $8.00 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Tuesday, September 13th.
Read our dividend analysis for PSA.

Public Storage (NYSE:PSA) pays an annual dividend of $8.00 per share and currently has a dividend yield of 2.31%. The dividend payout ratio is 68.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PSA will have a dividend payout ratio of 47.68% 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 2022 earnings guidance on Thursday, August, 11th. The company provided EPS guidance of $15.00-$15.70 for the period. 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 institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (1.47%), Deutsche Bank AG (0.86%), California Public Employees Retirement System (0.66%), Sumitomo Mitsui Trust Holdings Inc. (0.61%), Principal Financial Group Inc. (0.59%) and Russell Investments Group Ltd. (0.49%). Insiders that own company stock include B Wayne Et Al Hughes, Heisz Leslie Stone, John Reyes, 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 $346.44.

Public Storage (NYSE:PSA) has a market capitalization of $60.79 billion and generates $3.42 billion in revenue each year. The real estate investment trust earns $1.95 billion in net income (profit) each year or $11.74 on an earnings per share basis.

The company employs 5,800 workers across the globe.

Public Storage was founded in 1972.

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 or via fax at 818-244-9530.