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 twelve months. 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.
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10 Wall Street research analysts have issued 12 month price objectives for Public Storage's stock. Their PSA share price forecasts range from $290.00 to $440.00. On average, they predict the company's share price to reach $368.91 in the next year. This suggests a possible upside of 23.4% 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 start of the year. Since then, PSA stock has increased by 6.7% and is now trading at $298.89.
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Public Storage saw a decrease in short interest in December. As of December 30th, there was short interest totaling 2,890,000 shares, a decrease 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 stock are short sold.
View Public Storage's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 21st 2023.
View our PSA earnings forecast.

Public Storage (NYSE:PSA) announced its quarterly earnings results on Tuesday, May, 3rd. The real estate investment trust reported $2.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.59 by $0.96. The real estate investment trust had revenue of $749.27 million for the quarter, compared to the consensus estimate of $985.58 million. Public Storage had a trailing twelve-month return on equity of 78.38% and a net margin of 110.91%. The business's revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.82 EPS.
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Public Storage declared a quarterly dividend on Wednesday, October 26th. Stockholders of record on Wednesday, December 14th will be given a dividend of $2.00 per share on Thursday, December 29th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.68%. 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 issued an update on its FY 2022 earnings guidance on Tuesday, November, 8th. The company provided earnings per share (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 institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.53%), New York State Common Retirement Fund (0.18%), Strs Ohio (0.15%), Montrusco Bolton Investments Inc. (0.11%), New York State Teachers Retirement System (0.10%) and Allspring Global Investments Holdings LLC (0.08%). 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.
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One share of PSA stock can currently be purchased for approximately $298.89.

Public Storage (NYSE:PSA) has a market capitalization of $52.50 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.