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

Public Storage's stock was trading at $220.44 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PSA shares have decreased by 8.5% and is now trading at $201.63. 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 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $2.86 by $0.99. The real estate investment trust earned $717.50 million during the quarter, compared to analyst estimates of $723.13 million. Public Storage had a net margin of 53.41% and a return on equity of 30.16%. Public Storage's quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.17 EPS. View Public Storage's earnings history.

Public Storage announced a quarterly dividend on Thursday, February 27th. Investors of record on Monday, March 16th will be given a dividend of $2.00 per share on Tuesday, March 31st. This represents a $8.00 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend is Friday, March 13th. View Public Storage's dividend history.

14 Wall Street analysts have issued twelve-month price objectives for Public Storage's stock. Their forecasts range from $148.00 to $267.00. On average, they expect Public Storage's stock price to reach $223.05 in the next twelve months. This suggests a possible upside of 10.6% from the stock's current price. View analysts' price targets for Public Storage.

Headlines about PSA stock have trended negative recently, InfoTrie Sentiment reports. The research group scores the sentiment of news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Public Storage earned a news impact score of -2.4 on InfoTrie's scale. They also assigned media stories 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 stock's share price in the next few days. View the latest news aboutPublic Storage.

Public Storage saw a drop in short interest in the month of March. As of March 13th, there was short interest totaling 6,211,300 shares, a drop 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. Currently, 4.2% of the company's shares 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), 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), 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 many different institutional and retail investors. Top institutional shareholders 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 purchased 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 $201.63.

Public Storage has a market capitalization of $35.24 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.