Public Storage - PSA Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last twelve months. There are currently 5 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Public Storage stock.
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12 Wall Street research analysts have issued 12 month price objectives for Public Storage's shares. Their PSA stock forecasts range from $298.00 to $440.00. On average, they anticipate Public Storage's share price to reach $366.08 in the next year. This suggests a possible upside of 10.5% from the stock's current price.
View analysts' price targets for Public Storage or view top-rated stocks among Wall Street analysts.

Public Storage's stock was trading at $374.56 at the beginning of the year. Since then, PSA shares have decreased by 11.6% and is now trading at $331.20.
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Public Storage is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our earnings forecast for Public Storage.

Public Storage (NYSE:PSA) issued its quarterly 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 analyst estimates of $985.58 million. Public Storage had a trailing twelve-month return on equity of 41.12% and a net margin of 56.93%. 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 company earned $2.82 earnings per share.
Read Public Storage's conference call transcript.

Public Storage announced a quarterly dividend on Thursday, August 4th. Shareholders of record on Wednesday, September 14th will be paid a dividend of $2.00 per share on Thursday, September 29th. This represents a $8.00 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Tuesday, September 13th.
View Public Storage's dividend history.

Public Storage(NYSE:PSA) pays an annual dividend of $8.00 per share and currently has a dividend yield of 2.42%. The dividend payout ratio of Public Storage is 68.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Public Storage will have a dividend payout ratio of 47.85% next year. This indicates that Public Storage will be able to sustain or increase its dividend.
View Public Storage's dividend history.

Public Storage issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $15.00-$15.70 for the period. The company issued revenue guidance of -.

736 employees have rated Public Storage CEO Ronald L. Havner Jr. on Glassdoor.com. Ronald L. Havner Jr. has an approval rating of 66% among Public Storage'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 investors include Sumitomo Mitsui Trust Holdings Inc. (0.61%), Russell Investments Group Ltd. (0.49%), Robeco Institutional Asset Management B.V. (0.22%), Los Angeles Capital Management LLC (0.21%), Asset Management One Co. Ltd. (0.20%) and Aew Capital Management L P (0.19%). Company insiders that own Public Storage stock include B Wayne Et Al Hughes, 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.
View institutional ownership trends for Public Storage.

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 $331.20.

Public Storage (NYSE:PSA) has a market capitalization of $58.11 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 $11.74 on an earnings per share basis.

Public Storage employs 5,800 workers across the globe.

Public Storage was founded in 1972.

Public Storage's mailing address is 701 WESTERN AVENUE, GLENDALE CA, 91201. The official website for Public Storage 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.