Public Storage (NYSE:PSA) Given Average Rating of “Moderate Buy” by Analysts

Public Storage (NYSE:PSA) has received an average recommendation of “Moderate Buy” from the twenty analysts that are currently covering the company, Marketbeat.com reports. Twelve analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $308.8333.

PSA has been the topic of a number of recent research reports. BMO Capital Markets reissued a “market perform” rating on shares of Public Storage in a report on Monday, March 16th. Royal Bank Of Canada increased their price objective on Public Storage from $301.00 to $305.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 29th. Truist Financial raised their price target on Public Storage from $315.00 to $317.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Barclays raised their price target on Public Storage from $347.00 to $352.00 and gave the company an “overweight” rating in a report on Monday, April 20th. Finally, Wells Fargo & Company cut Public Storage from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $330.00 to $295.00 in a report on Thursday, February 5th.

Public Storage Stock Performance

Shares of PSA opened at $309.36 on Thursday. The stock’s 50-day simple moving average is $293.58 and its 200 day simple moving average is $284.40. The stock has a market capitalization of $54.31 billion, a price-to-earnings ratio of 31.93, a price-to-earnings-growth ratio of 4.08 and a beta of 1.00. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.56 and a current ratio of 0.56. Public Storage has a 52-week low of $256.54 and a 52-week high of $313.51.

Public Storage (NYSE:PSA) last issued its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.29. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Research analysts forecast that Public Storage will post 16.89 EPS for the current fiscal year.

Public Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $3.00 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $12.00 annualized dividend and a dividend yield of 3.9%. Public Storage’s dividend payout ratio (DPR) is presently 123.84%.

Institutional Trading of Public Storage

Institutional investors and hedge funds have recently modified their holdings of the business. First Pacific Financial purchased a new stake in shares of Public Storage in the 3rd quarter valued at about $26,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Public Storage in the 3rd quarter valued at about $27,000. Bayban purchased a new stake in shares of Public Storage in the 4th quarter valued at about $26,000. Raiffeisen Bank International AG bought a new position in shares of Public Storage during the 3rd quarter valued at about $30,000. Finally, Tradewinds Capital Management LLC bought a new position in shares of Public Storage during the 3rd quarter valued at about $33,000. Hedge funds and other institutional investors own 78.79% of the company’s stock.

About Public Storage

Public Storage (NYSE: PSA) is a real estate investment trust (REIT) that specializes in self-storage services. Headquartered in Glendale, California, the company was founded in the early 1970s and has grown through development and acquisitions to become one of the largest owner-operators of self-storage facilities in the United States. It is publicly traded on the New York Stock Exchange under the ticker PSA.

The company’s core business is the ownership, operation and management of self-storage properties that serve both residential and commercial customers.