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

Public Storage's stock was trading at $220.44 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PSA stock has decreased by 13.1% and is now trading at $191.52. View which stocks have been mosted impacted by Coronavirus.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last year. There are currently 5 sell ratings, 6 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Public Storage.

Public Storage is scheduled to release its next quarterly earnings announcement on Wednesday, May 6th 2020. View our earnings forecast for Public Storage.

Public Storage (NYSE:PSA) released its quarterly earnings results on Tuesday, February, 25th. The real estate investment trust reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.86 by $0.99. The real estate investment trust had revenue of $717.50 million for the quarter, compared to the consensus estimate of $723.13 million. Public Storage had a return on equity of 30.16% and a net margin of 53.41%. Public Storage's quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.17 EPS. View Public Storage's earnings history.

Public Storage declared a quarterly dividend on Thursday, February 27th. Shareholders of record on Monday, March 16th will be paid a dividend of $2.00 per share on Tuesday, March 31st. This represents a $8.00 annualized dividend and a dividend yield of 4.18%. The ex-dividend date is Friday, March 13th. View Public Storage's dividend history.

14 equities research analysts have issued 12-month price targets for Public Storage's shares. Their forecasts range from $148.00 to $267.00. On average, they expect Public Storage's share price to reach $223.05 in the next twelve months. This suggests a possible upside of 16.5% from the stock's current price. View analysts' price targets for Public Storage.

News headlines about PSA stock have trended very negative this week, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Public Storage earned a coverage optimism score of -3.0 on InfoTrie's scale. They also assigned headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutPublic Storage.

Public Storage saw a decline in short interest in the month of March. As of March 13th, there was short interest totaling 6,211,300 shares, a decline of 8.7% from the February 27th total of 6,800,000 shares. Based on an average daily volume of 1,040,000 shares, the days-to-cover ratio is presently 6.0 days. Currently, 4.2% of the company's shares are sold short. View Public Storage's Current Options Chain.

Some companies that are related to Public Storage include American Tower (AMT), Welltower (WELL), Weyerhaeuser (WY), HCP (HCP), Extra Space Storage (EXR), Ventas (VTR), Medical Properties Trust (MPW), Host Hotels and Resorts (HST), Omega Healthcare Investors (OHI), CubeSmart (CUBE), Life Storage (LSI), Healthcare Realty Trust (HR), Rayonier (RYN), National Health Investors (NHI) 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), Verizon Communications (VZ), Ford Motor (F), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Simon Property Group (SPG), Walt Disney (DIS), Exxon Mobil (XOM), PepsiCo (PEP) and AbbVie (ABBV).

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 retail and institutional investors. Top institutional investors include State Street Corp (5.99%), Cohen & Steers Inc. (2.85%), Geode Capital Management LLC (1.82%), Massachusetts Financial Services Co. MA (1.53%), Charles Schwab Investment Management Inc. (1.11%) and Capital World Investors (0.93%). 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 State Street Corp, Goldman Sachs Group Inc., Capital World Investors, Daiwa Securities Group Inc., Credit Suisse AG, PGGM Investments, Massachusetts Financial Services Co. MA, and Mackay Shields LLC. View insider buying and selling activity for Public Storage.

PSA stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Cohen & Steers Inc., Man Group plc, Geode Capital Management LLC, FMR LLC, Victory Capital Management Inc., Victory Capital Management Inc., and First Trust Advisors LP. View insider buying and selling activity 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 $191.52.

Public Storage has a market capitalization of $33.47 billion and generates $2.85 billion in revenue each year. The real estate investment trust earns $1.52 billion in net income (profit) each year or $10.75 on an earnings per share basis. Public Storage employs 5,900 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.