Public Storage - PSA Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last twelve months. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PSA shares.
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10 Wall Street research analysts have issued 12 month target prices for Public Storage's stock. Their PSA share price forecasts range from $290.00 to $440.00. On average, they anticipate the company's stock price to reach $368.91 in the next twelve months. This suggests a possible upside of 28.7% 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 stock has increased by 2.3% and is now trading at $286.60.
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Public Storage saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 4,120,000 shares, an increase of 23.4% from the February 13th total of 3,340,000 shares. Based on an average daily volume of 979,100 shares, the days-to-cover ratio is presently 4.2 days. Currently, 2.7% of the company's stock are sold short.
View Public Storage's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our PSA earnings forecast.

Public Storage (NYSE:PSA) released its quarterly earnings results on Tuesday, February, 21st. The real estate investment trust reported $2.06 earnings per share (EPS) 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 the consensus estimate of $1.07 billion. Public Storage had a trailing twelve-month return on equity of 72.77% and a net margin of 101.60%. The company's revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.54 earnings per share.
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Public Storage announced a quarterly dividend on Sunday, February 5th. Shareholders of record on Wednesday, March 15th will be paid a dividend of $3.00 per share on Thursday, March 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date is Tuesday, March 14th. This is a boost from the stock's previous quarterly dividend of $2.00.
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), iShares Cohen & Steers REIT ETF (ICF), ALPS Active REIT ETF (REIT), FlexShares Global Quality Real Estate Index Fund (GQRE) and Real Estate Select Sector SPDR Fund (XLRE).

Public Storage (NYSE:PSA) pays an annual dividend of $12.00 per share and currently has a dividend yield of 4.25%. 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 51.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PSA will have a dividend payout ratio of 67.91% 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 Tuesday, February, 21st. The company provided earnings per share (EPS) guidance of $16.10-$16.80 for the period, compared to the consensus EPS estimate of $16.63. 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 Geode Capital Management LLC (2.06%), JPMorgan Chase & Co. (1.43%), Norges Bank (1.36%), Legal & General Group Plc (1.22%), Dimensional Fund Advisors LP (1.21%) and Deutsche Bank AG (0.98%). 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 $286.60.

Public Storage (NYSE:PSA) has a market capitalization of $50.37 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 $23.49 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.