Public Storage - PSA Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PSA shares.
View PSA analyst ratings or view top-rated stocks.

10 brokerages have issued 12-month price targets for Public Storage's stock. Their PSA share price forecasts range from $290.00 to $440.00. On average, they predict the company's stock price to reach $368.91 in the next twelve months. This suggests a possible upside of 23.2% from the stock's current price.
View analysts price targets for PSA or view top-rated stocks among Wall Street analysts.

Public Storage's stock was trading at $280.19 at the beginning of 2023. Since then, PSA stock has increased by 6.8% and is now trading at $299.32.
View the best growth stocks for 2023 here.

Public Storage saw a decline in short interest in December. As of December 30th, there was short interest totaling 2,890,000 shares, a decline of 20.2% from the December 15th total of 3,620,000 shares. Based on an average trading volume of 886,000 shares, the short-interest ratio is currently 3.3 days. Approximately 1.9% of the shares of the company are sold short.
View Public Storage's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our PSA earnings forecast.

Public Storage (NYSE:PSA) released its quarterly earnings data on Tuesday, May, 3rd. The real estate investment trust reported $2.63 EPS for the quarter, missing the consensus estimate of $3.59 by $0.96. The real estate investment trust earned $749.27 million during the quarter, compared to analysts' expectations of $985.58 million. Public Storage had a net margin of 110.91% and a trailing twelve-month return on equity of 78.38%. The firm's revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.82 earnings per share.
Read the conference call transcript.

Public Storage declared a quarterly dividend on Wednesday, October 26th. Stockholders of record on Wednesday, December 14th will be paid a dividend of $2.00 per share on Thursday, December 29th. This represents a $8.00 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Tuesday, December 13th.
Read our dividend analysis for PSA.

Public Storage (NYSE:PSA) pays an annual dividend of $8.00 per share and currently has a dividend yield of 2.67%. The dividend payout ratio is 32.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PSA will have a dividend payout ratio of 47.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PSA.

Public Storage updated its FY 2022 earnings guidance on Tuesday, November, 8th. The company provided EPS guidance of $15.35-$15.75 for the period, compared to the consensus estimate of $15.70. The company issued revenue guidance of -.

736 employees have rated Public Storage Chief Executive Officer Ronald L. Havner Jr. on Glassdoor.com. Ronald L. Havner Jr. has an approval rating of 66% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Public Storage investors own include AT&T (T), Verizon Communications (VZ), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Intel (INTC), Pfizer (PFE), Procter & Gamble (PG), Walmart (WMT), Ford Motor (F) and Walt Disney (DIS).

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

Public Storage's stock is owned by many different retail and institutional investors. Top institutional shareholders include Strs Ohio (0.15%), Montrusco Bolton Investments Inc. (0.11%), New York State Teachers Retirement System (0.10%), Allspring Global Investments Holdings LLC (0.08%), State of Alaska Department of Revenue (0.07%) and Natixis Advisors L.P. (0.03%). Insiders that own company stock include Heisz Leslie Stone, John Reyes, Joseph D Russell Jr, Nathaniel A Vitan, Nathaniel A Vitan, Rebecca L Owen, Ronald L Havner Jr, Tamara Hughes Gustavson and Uri P Harkham.
View institutional ownership trends.

Shares of PSA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of PSA stock can currently be purchased for approximately $299.32.

Public Storage (NYSE:PSA) has a market capitalization of $52.57 billion and generates $3.42 billion in revenue each year. The real estate investment trust earns $1.95 billion in net income (profit) each year or $24.60 on an earnings per share basis.

The company employs 5,800 workers across the globe.

Public Storage's mailing address is 701 WESTERN AVENUE, GLENDALE CA, 91201. The official website for the company is www.publicstorage.com. The real estate investment trust can be reached via phone at (818) 244-8080 or via fax at 818-244-9530.