Public Storage Declares Quarterly Dividend of $1.40 (PSA)
Public Storage (NYSE:PSA) announced a quarterly dividend on Thursday, October 31st, Stock Ratings Network reports. Shareholders of record on Friday, December 13th will be paid a dividend of $1.40 per share on Monday, December 30th. This represents a $5.60 annualized dividend and a dividend yield of 3.35%.
PSA has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of Public Storage from $168.00 to $184.00 in a research note to investors on Tuesday, October 22nd. They now have an “overweight” rating on the stock. On a related note, analysts at Raymond James downgraded shares of Public Storage from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, October 22nd. They now have a $170.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Public Storage in a research note to investors on Friday, September 27th. They now have a $171.00 price target on the stock. Twelve research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $164.25.
Shares of Public Storage (NYSE:PSA) traded down 0.39% on Thursday, hitting $166.97. The stock had a trading volume of 934,952 shares. Public Storage has a 1-year low of $138.65 and a 1-year high of $168.66. The stock has a 50-day moving average of $165.1 and a 200-day moving average of $159.7. The company has a market cap of $28.720 billion and a price-to-earnings ratio of 36.91.
Public Storage (NYSE:PSA) last issued its quarterly earnings data on Friday, November 1st. The company reported $1.92 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.88 by $0.04. The company had revenue of $441.01 million for the quarter, compared to the consensus estimate of $474.70 million. On average, analysts predict that Public Storage will post $7.29 earnings per share for the current fiscal year.
Public Storage (NYSE:PSA) is a real estate investment trust (REIT).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.