Public Storage Receives Consensus Recommendation of “Hold” from Analysts (NYSE:PSA)
Public Storage (NYSE:PSA) has been given an average recommendation of “Hold” by the twelve analysts that are presently covering the company, Analyst Ratings Network.com 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).
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