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

Public Storage's stock was trading at $220.44 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PSA stock has decreased by 10.8% and is now trading at $196.74. 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) posted its quarterly earnings data on Tuesday, February, 25th. The real estate investment trust reported $1.87 EPS for the quarter, missing analysts' consensus estimates of $2.86 by $0.99. The real estate investment trust earned $717.50 million during the quarter, compared to analysts' expectations of $723.13 million. Public Storage had a return on equity of 30.16% and a net margin of 53.41%. Public Storage's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm 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 4.07%. The ex-dividend date is Friday, March 13th. View Public Storage's dividend history.

14 Wall Street analysts have issued 12 month price targets for Public Storage's stock. 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 13.4% from the stock's current price. View analysts' price targets for Public Storage.

Headlines about PSA stock have trended very negative this week, InfoTrie Sentiment reports. The research firm scores the sentiment of news 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 negative five to five, with scores nearest to five being the most favorable. Public Storage earned a news sentiment score of -3.3 on InfoTrie's scale. They also gave press coverage 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 impact on the stock'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 trading volume of 1,040,000 shares, the short-interest ratio is currently 6.0 days. Approximately 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), Extra Space Storage (EXR), HCP (HCP), 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), Sabra Health Care REIT (SBRA) and National Health Investors (NHI).

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), PepsiCo (PEP), AbbVie (ABBV), Walt Disney (DIS) and Exxon Mobil (XOM).

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

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 $196.74.

Public Storage has a market capitalization of $34.38 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.