Public Storage (PSA) Receiving Somewhat Positive Media Coverage, Analysis Finds
News headlines about Public Storage (NYSE:PSA) have trended somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Public Storage earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 46.7817424142398 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern’s analysis:
- Is Public Storage (PSA) Undervalued? (finance.yahoo.com)
- Brokers Issue Forecasts for Public Storage’s Q4 2017 Earnings (PSA) (americanbankingnews.com)
- Earnings Momentum Hurts Public Storage (PSA) Rating (investorplace.com)
- New Public Storage Units Open in Plano, Texas – Business Wire (press release) (businesswire.com)
- Public Storage : New Public Storage Units Open in Plano, Texas (4-traders.com)
Several research firms recently weighed in on PSA. Jefferies Group LLC set a $210.00 target price on shares of Public Storage and gave the company a “hold” rating in a research note on Thursday, August 17th. Bank of America Corporation decreased their target price on shares of Public Storage from $222.00 to $218.00 and set a “neutral” rating for the company in a research note on Thursday, July 20th. Zacks Investment Research raised shares of Public Storage from a “sell” rating to a “hold” rating in a research note on Friday, September 15th. BMO Capital Markets set a $193.00 target price on shares of Public Storage and gave the company a “sell” rating in a research note on Thursday, October 26th. Finally, KeyCorp reissued a “sell” rating and issued a $184.00 target price on shares of Public Storage in a research note on Wednesday, September 13th. Four equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $212.45.
Public Storage (NYSE PSA) opened at $208.97 on Friday. Public Storage has a 52-week low of $192.15 and a 52-week high of $232.21. The company has a market cap of $36,361.20, a price-to-earnings ratio of 21.09, a price-to-earnings-growth ratio of 4.35 and a beta of 0.43.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Wednesday, December 13th will be given a dividend of $2.00 per share. The ex-dividend date is Tuesday, December 12th. This represents a $8.00 dividend on an annualized basis and a yield of 3.83%. Public Storage’s dividend payout ratio (DPR) is 116.79%.
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About Public Storage
Public Storage is a real estate investment trust (REIT). The Company’s principal business activities include the ownership and operation of self-storage facilities, which offer storage spaces for lease, generally on a month-to-month basis, for personal and business use, ancillary activities, such as merchandise sales and tenant reinsurance to the tenants at its self-storage facilities, as well as the acquisition and development of additional self-storage space.
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