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. Since then, PSA shares have 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) announced its quarterly earnings data on Thursday, April, 30th. The real estate investment trust reported $1.79 earnings per share for the quarter, beating 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 analysts' expectations of $710 million. Public Storage had a return on equity of 30.33% and a net margin of 52.93%. The business's quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.73 earnings per share. 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 paid a dividend of $2.00 per share on Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Friday, June 12th. View Public Storage's dividend history.

13 equities research analysts have issued 1-year target prices 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 $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 headlines about PSA stock have trended negative recently, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Public Storage earned a media sentiment score of -2.1 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 impact on the stock's share price in the immediate future. View the latest news about Public Storage.

Public Storage saw a decrease in short interest in June. As of June 30th, there was short interest totaling 4,780,000 shares, a decrease 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 days-to-cover ratio is currently 4.2 days. Approximately 3.2% 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), 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 many different institutional and retail investors. Top institutional shareholders include Pensionfund DSM Netherlands (0.01%) and Cox Capital Mgt 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 bought by a variety of institutional investors in the last quarter, including Cox Capital Mgt LLC, and Pensionfund DSM Netherlands. 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.