Public Storage Hits New 52-Week High at $176.89 (PSA)
Public Storage (NYSE:PSA)’s share price hit a new 52-week high on Thursday , American Banking News reports. The company traded as high as $176.89 and last traded at $175.00, with a volume of 327,542 shares changing hands. The stock had previously closed at $175.72.
Several analysts have recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Public Storage from $175.00 to $182.00 in a research note on Tuesday, July 22nd. Separately, analysts at Barclays raised their price target on shares of Public Storage from $201.00 to $206.00 in a research note on Monday, July 21st. They now have an “overweight” rating on the stock. Finally, analysts at SunTrust raised their price target on shares of Public Storage from $165.00 to $178.00 in a research note on Friday, May 16th. They now have a “neutral” rating on the stock. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Public Storage has a consensus rating of “Hold” and a consensus price target of $173.27.
The stock’s 50-day moving average is $172.4 and its 200-day moving average is $169.6. The company has a market cap of $30.291 billion and a P/E ratio of 35.01.
Public Storage (NYSE:PSA) last released its earnings data on Thursday, July 31st. The company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.03. On average, analysts predict that Public Storage will post $7.98 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Thursday, September 11th.
In other Public Storage news, VP Candace N. Krol sold 10,000 shares of Public Storage stock on the open market in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $175.61, for a total transaction of $1,756,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Public Storage (NYSE:PSA) is a real estate investment trust (REIT).
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