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.
View PSA analyst ratings or view top-rated stocks.

10 Wall Street research analysts 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 expect the company's share price to reach $368.91 in the next twelve months. This suggests a possible upside of 22.5% 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 on January 1st, 2023. Since then, PSA shares have increased by 7.5% and is now trading at $301.13.
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Public Storage saw a drop in short interest during the month of December. As of December 30th, there was short interest totaling 2,890,000 shares, a drop of 20.2% from the December 15th total of 3,620,000 shares. Based on an average daily trading volume, of 886,000 shares, the short-interest ratio is presently 3.3 days. Approximately 1.9% of the company's shares 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 will be holding an earnings conference call on Wednesday, February 22nd at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-1150.

Public Storage (NYSE:PSA) announced its earnings results on Tuesday, May, 3rd. The real estate investment trust reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate 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 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.82 EPS.
Read the conference call transcript.

Public Storage declared a quarterly dividend on Sunday, February 5th. Shareholders of record on Wednesday, March 15th will be paid a dividend of $3.00 per share on Thursday, March 30th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Tuesday, March 14th. This is an increase from the stock's previous quarterly dividend of $2.00.
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 2.60%. 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.

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 a variety of institutional and retail investors. Top institutional shareholders include Daiwa Securities Group Inc. (0.88%), Russell Investments Group Ltd. (0.54%), Sumitomo Mitsui Trust Holdings Inc. (0.53%), Swiss National Bank (0.37%), Bank of Montreal Can (0.33%) and Aew Capital Management L P (0.26%). 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 $301.13.

Public Storage (NYSE:PSA) has a market capitalization of $52.89 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.