NYSE:PSAPublic 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 (WHO). Since then, PSA stock has decreased by 9.6% and is now trading at $199.36. View which stocks have been most impacted by Coronavirus.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last year. There are currently 6 sell ratings, 5 hold ratings and 2 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 Tuesday, August 4th 2020. View our earnings forecast for Public Storage.

Public Storage (NYSE:PSA) posted its earnings results on Thursday, April, 30th. The real estate investment trust reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.08. The real estate investment trust had revenue of $716.08 million for the quarter, compared to the consensus estimate of $710 million. Public Storage had a return on equity of 30.33% and a net margin of 52.93%. Public Storage's revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.73 EPS. View Public Storage's earnings history.

Public Storage declared a quarterly dividend on Monday, May 4th. Shareholders of record on Monday, June 15th will be given a dividend of $2.00 per share on Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Friday, June 12th. View Public Storage's dividend history.

13 Wall Street analysts have issued twelve-month price objectives for Public Storage's shares. Their forecasts range from $159.00 to $267.00. On average, they expect Public Storage's share price to reach $217.46 in the next twelve months. This suggests a possible upside of 9.1% from the stock's current price. View analysts' price targets for Public Storage.

Media stories about PSA stock have been trending negative recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Public Storage earned a coverage optimism score of -2.1 on InfoTrie's scale. They also gave 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 effect on the stock's share price in the near future. View the latest news about Public Storage.

Public Storage saw a drop in short interest during the month of June. As of June 30th, there was short interest totaling 4,780,000 shares, a drop of 7.7% from the June 15th total of 5,180,000 shares. Based on an average daily volume of 1,150,000 shares, the short-interest ratio is currently 4.2 days. Approximately 3.2% of the shares of the stock 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), HCP (HCP), Ventas (VTR), Extra Space Storage (EXR), Medical Properties Trust (MPW), Host Hotels and Resorts (HST), Omega Healthcare Investors (OHI), CubeSmart (CUBE), Life Storage (LSI), Healthcare Realty Trust (HR), Rayonier (RYN), Sabra Health Care REIT (SBRA) and National Health Investors (NHI). View all competitors.

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), Johnson & Johnson (JNJ), AbbVie (ABBV), Simon Property Group (SPG), Walt Disney (DIS), Intel (INTC) and Coca-Cola (KO).

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 State of Alaska Department of Revenue (0.06%), Pensionfund DSM Netherlands (0.01%), Cox Capital Mgt LLC (0.00%), Hummer Financial Advisory Services Inc (0.00%) and West Oak Capital LLC (0.00%). Company insiders that own Public Storage stock include B Wayne Et Al Hughes, Gary E Pruitt, Lily Yan Hughes, Nathaniel A Vitan and Ronald L Havner, Jr. View institutional ownership trends for Public Storage.

PSA stock was purchased by a variety of institutional investors in the last quarter, including Cox Capital Mgt LLC, State of Alaska Department of Revenue, Pensionfund DSM Netherlands, Hummer Financial Advisory Services Inc, and West Oak Capital LLC. 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 $199.36.

Public Storage has a market capitalization of $34.85 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.

The official website for Public Storage is 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.