Public Storage Stock Forecast, Price & News

11 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, 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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11 analysts have issued 1 year target prices for Public Storage's shares. Their PSA stock forecasts range from $298.00 to $440.00. On average, they anticipate Public Storage's stock price to reach $371.82 in the next twelve months. This suggests a possible upside of 17.3% from the stock's current price.
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Public Storage's stock was trading at $374.56 at the beginning of the year. Since then, PSA stock has decreased by 15.4% and is now trading at $317.02.
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Public Storage is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
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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 analysts' consensus estimates 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 net margin of 54.79% and a trailing twelve-month return on equity of 38.01%. The company's revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.82 earnings per share.
View Public Storage's earnings history.

Public Storage declared a quarterly dividend on Thursday, May 5th. Investors of record on Wednesday, June 15th will be given a dividend of $2.00 per share on Thursday, June 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date is Tuesday, June 14th.
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Public Storage(NYSE:PSA) pays an annual dividend of $8.00 per share and currently has a dividend yield of 2.54%. The dividend payout ratio of Public Storage is 77.75%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Public Storage will have a dividend payout ratio of 47.96% next year. This indicates that Public Storage will be able to sustain or increase its dividend.
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Public Storage issued an update on its FY 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share guidance of $14.75-$15.65 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.

Some companies that are related to Public Storage include American Tower (AMT), Welltower (WELL), Weyerhaeuser (WY), Extra Space Storage (EXR), Ventas (VTR), Life Storage (LSI), CubeSmart (CUBE), Medical Properties Trust (MPW), Omega Healthcare Investors (OHI), Rayonier (RYN), Ryman Hospitality Properties (RHP), Healthcare Realty Trust (HR), EPR Properties (EPR), Sabra Health Care REIT (SBRA) and PotlatchDeltic (PCH).
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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 many different institutional and retail investors. Top institutional investors include Capital Investment Advisors LLC (0.00%) and Marshall & Sullivan Inc. WA (0.00%). 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.

PSA stock was sold by a variety of institutional investors in the last quarter, including Capital Investment Advisors LLC. Company insiders that have sold Public Storage company stock in the last two years include Heisz Leslie Stone, John Reyes, Nathaniel A Vitan, Rebecca L Owen, and Uri P Harkham.
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PSA stock was purchased by a variety of institutional investors in the last quarter, including Marshall & Sullivan Inc. WA. Company insiders that have bought Public Storage stock in the last two years include Ronald L Havner Jr, and Tamara Hughes Gustavson.
View insider buying and selling activity for Public Storage or or view top insider-buying stocks.

Shares of PSA 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 $317.02.

Public Storage (NYSE:PSA) has a market capitalization of $55.62 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 $10.29 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.