NYSE:PSAPublic Storage Stock Price, Forecast & News

Public Storage's stock was trading at $220.44 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PSA shares have decreased by 11.8% and is now trading at $194.43. View which stocks have been most impacted by Coronavirus.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last year. There are currently 6 sell ratings, 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Public Storage.

Public Storage is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for Public Storage.

Public Storage (NYSE:PSA) posted its quarterly earnings data on Thursday, April, 30th. The real estate investment trust reported $1.79 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.71 by $0.08. The real estate investment trust earned $716.08 million during the quarter, compared to analyst estimates of $710 million. Public Storage had a net margin of 52.93% and a return on equity of 30.33%. Public Storage's revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business earned $1.73 EPS. View Public Storage's earnings history.

Public Storage announced a quarterly dividend on Monday, May 4th. Shareholders of record on Monday, June 15th will be paid a dividend of $2.00 per share on Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date is Friday, June 12th. View Public Storage's dividend history.

13 Wall Street analysts have issued 12 month price objectives for Public Storage's shares. Their forecasts range from $175.00 to $267.00. On average, they anticipate Public Storage's share price to reach $218.85 in the next year. This suggests a possible upside of 12.6% from the stock's current price. View analysts' price targets for Public Storage.

Press coverage about PSA stock has trended somewhat negative on Saturday, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Public Storage earned a coverage optimism score of -1.5 on InfoTrie's scale. They also assigned media headlines about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news about Public Storage.

Public Storage saw a decline in short interest during the month of June. As of June 30th, there was short interest totaling 4,780,000 shares, a decline of 7.7% from the June 15th total of 5,180,000 shares. Based on an average daily trading volume, of 1,150,000 shares, the short-interest ratio is presently 4.2 days. Approximately 3.2% of the company's shares are short sold. View Public Storage's Current Options Chain.

Some companies that are related to Public Storage include American Tower (AMT), Welltower (WELL), Weyerhaeuser (WY), HCP (HCP), Ventas (VTR), Extra Space Storage (EXR), Medical Properties Trust (MPW), Host Hotels and Resorts (HST), Omega Healthcare Investors (OHI), CubeSmart (CUBE), Life Storage (LSI), Healthcare Realty Trust (HR), Rayonier (RYN), Sabra Health Care REIT (SBRA) and Potlatchdeltic (PCH). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Public Storage investors own include AT&T (T), Ford Motor (F), Verizon Communications (VZ), Cisco Systems (CSCO), Johnson & Johnson (JNJ), AbbVie (ABBV), Simon Property Group (SPG), Walt Disney (DIS), Intel (INTC) and Coca-Cola (KO).

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 State of Alaska Department of Revenue (0.06%), Manning & Napier Group LLC (0.02%), Envestnet Asset Management Inc. (0.02%), Pensionfund DSM Netherlands (0.01%), Diversified Trust Co (0.01%) and DNB Asset Management AS (0.01%). Company insiders that own Public Storage stock include B Wayne Et Al Hughes, Gary E Pruitt, Lily Yan Hughes, Nathaniel A Vitan and Ronald L Havner, Jr. View institutional ownership trends for Public Storage.

PSA stock was sold by a variety of institutional investors in the last quarter, including Manning & Napier Group LLC, Legacy Capital Partners Inc., Carnegie Capital Asset Management LLC, Bangor Savings Bank, and Clarius Group LLC. Company insiders that have sold Public Storage company stock in the last year include B Wayne Et Al Hughes, and Nathaniel A Vitan. View insider buying and selling activity for Public Storage.

PSA stock was purchased by a variety of institutional investors in the last quarter, including Cox Capital Mgt LLC, State of Alaska Department of Revenue, Diversified Trust Co, Forte Capital LLC ADV, Envestnet Asset Management Inc., Pensionfund DSM Netherlands, DNB Asset Management AS, and Cypress Capital Group. View insider buying and selling activity for Public Storage.

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

One share of PSA stock can currently be purchased for approximately $194.43.

Public Storage has a market capitalization of $33.98 billion and generates $2.85 billion in revenue each year. The real estate investment trust earns $1.52 billion in net income (profit) each year or $10.75 on an earnings per share basis. Public Storage employs 5,900 workers across the globe.

The official website for Public Storage is www.publicstorage.com.

Public Storage's mailing address is 701 WESTERN AVENUE, GLENDALE CA, 91201. The real estate investment trust can be reached via phone at 818-244-8080.