NYSE:PSAPublic 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 (WHO). Since then, PSA shares have decreased by 5.7% and is now trading at $207.96. 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, 4 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 Tuesday, August 4th 2020. View our earnings forecast for Public Storage.

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

Public Storage announced a quarterly dividend on Monday, May 4th. Stockholders of record on Monday, June 15th will be paid a dividend of $2.00 per share on Tuesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Friday, June 12th. View Public Storage's dividend history.

13 Wall Street analysts have issued 12-month price targets for Public Storage's shares. Their forecasts range from $159.00 to $267.00. On average, they anticipate Public Storage's stock price to reach $219.90 in the next twelve months. This suggests a possible upside of 5.7% from the stock's current price. View analysts' price targets for Public Storage.

Press coverage about PSA stock has been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Public Storage earned a media sentiment score of 1.8 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the near term. View the latest news aboutPublic Storage.

Public Storage saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 4,540,000 shares, an increase of 20.1% from the April 30th total of 3,780,000 shares. Based on an average daily volume of 1,350,000 shares, the short-interest ratio is presently 3.4 days. Approximately 3.0% of the shares of the company 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), Ventas (VTR), Extra Space Storage (EXR), HCP (HCP), 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 EPR Properties (EPR). 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 investors include BlackRock Inc. (9.51%), State Street Corp (6.04%), Cohen & Steers Inc. (4.54%), Wellington Management Group LLP (3.45%), JPMorgan Chase & Co. (2.22%) and APG Asset Management US Inc. (2.04%). 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 APG Asset Management N.V., Everett Harris & Co. CA, Principal Financial Group Inc., UBS Group AG, APG Asset Management N.V., Massachusetts Financial Services Co. MA, Nuveen Asset Management LLC, and Centersquare Investment Management LLC. View insider buying and selling activity for Public Storage.

PSA stock was purchased by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., Sumitomo Mitsui Trust Holdings Inc., Capital International Investors, JPMorgan Chase & Co., Canada Pension Plan Investment Board, BlackRock Inc., Mitsubishi UFJ Trust & Banking Corp, and Cbre Clarion Securities 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 $207.96.

Public Storage has a market capitalization of $36.35 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.