Share on StockTwits

Public Storage (NYSE:PSA) has been given an average recommendation of “Hold” by the twelve analysts that are presently covering the company, Analyst Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $173.27.

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. 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.

Public Storage (NYSE:PSA) opened at 174.94 on Tuesday. Public Storage has a 1-year low of $147.14 and a 1-year high of $178.26. The stock’s 50-day moving average is $173. and its 200-day moving average is $170.5. The company has a market cap of $30.202 billion and a P/E ratio of 35.20.

Public Storage (NYSE:PSA) last released its earnings data on Thursday, July 31st. The company reported $1.99 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.96 by $0.03. On average, analysts predict that Public Storage will post $7.99 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a dividend yield of 3.20%. The ex-dividend date is Thursday, September 11th.

In other Public Storage news, SVP David F. Doll unloaded 17,500 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $175.58, for a total transaction of $3,072,650.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Public Storage (NYSE:PSA) is a real estate investment trust (REIT).

Receive News & Ratings for Public Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Public Storage and related companies with Analyst Ratings Network's FREE daily email newsletter.