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 stock has decreased by 12.0% and is now trading at $194.08. View which stocks have been mosted impacted by Coronavirus.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last year. There are currently 5 sell ratings, 6 hold ratings and 3 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 Wednesday, May 6th 2020. View our earnings forecast for Public Storage.

Public Storage (NYSE:PSA) issued its quarterly earnings data on Tuesday, February, 25th. The real estate investment trust reported $1.87 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $2.86 by $0.99. The real estate investment trust earned $717.50 million during the quarter, compared to analyst estimates of $723.13 million. Public Storage had a net margin of 53.41% and a return on equity of 30.16%. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.17 earnings per share. View Public Storage's earnings history.

Public Storage announced a quarterly dividend on Thursday, February 27th. Stockholders of record on Monday, March 16th will be given a dividend of $2.00 per share on Tuesday, March 31st. This represents a $8.00 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date of this dividend is Friday, March 13th. View Public Storage's dividend history.

14 Wall Street analysts have issued 1 year price objectives for Public Storage's stock. Their forecasts range from $148.00 to $267.00. On average, they anticipate Public Storage's share price to reach $222.98 in the next year. This suggests a possible upside of 14.9% from the stock's current price. View analysts' price targets for Public Storage.

News articles about PSA stock have been trending very negative this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Public Storage earned a daily sentiment score of -3.3 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutPublic Storage.

Public Storage saw a decrease in short interest during the month of March. As of March 13th, there was short interest totaling 6,211,300 shares, a decrease of 8.7% from the February 27th total of 6,800,000 shares. Based on an average trading volume of 1,040,000 shares, the days-to-cover ratio is presently 6.0 days. Currently, 4.2% of the shares of the company are short sold. View Public Storage's Current Options Chain.

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

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

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 retail and institutional investors. Top institutional investors include Pensionfund Sabic (0.01%) and Private Asset Management Inc. (0.00%). Company insiders that own Public Storage stock include B Wayne Et Al Hughes, Gary E Pruitt, Lily Yan Hughes 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 Private Asset Management Inc.. View insider buying and selling activity for Public Storage.

PSA stock was bought by a variety of institutional investors in the last quarter, including Pensionfund Sabic. 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 $194.08.

Public Storage has a market capitalization of $33.92 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. View additional information about Public Storage.

The official website for Public Storage is http://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.