Public Storage - PSA Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last twelve months. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PSA shares.
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10 equities research analysts have issued 12-month price objectives for Public Storage's shares. Their PSA share price forecasts range from $290.00 to $440.00. On average, they anticipate the company's stock price to reach $368.91 in the next twelve months. This suggests a possible upside of 27.7% from the stock's current price.
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Public Storage's stock was trading at $374.56 at the beginning of 2022. Since then, PSA stock has decreased by 22.8% and is now trading at $288.99.
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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 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 analysts' expectations 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 company's quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.82 earnings per share.
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Public Storage declared a quarterly dividend on Wednesday, October 26th. Shareholders 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 2.77%. 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 2.76%. 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 47.06% 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 EPS 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 a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.67%), BlackRock Inc. (9.77%), State Street Corp (6.48%), Cohen & Steers Inc. (5.66%), Dimensional Fund Advisors LP (1.21%) and Daiwa Securities Group Inc. (1.05%). Insiders that own company stock include Heisz Leslie Stone, John Reyes, Nathaniel A Vitan, Nathaniel A Vitan, Rebecca L Owen, Ronald L Havner Jr, Tamara Hughes Gustavson and Uri P Harkham.
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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 $288.99.

Public Storage (NYSE:PSA) has a market capitalization of $50.76 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.