Public Storage (PSA) Set to Announce Earnings on Tuesday

Public Storage (NYSE:PSA) is scheduled to release its earnings data after the market closes on Tuesday, February 20th. Analysts expect Public Storage to post earnings of $1.99 per share for the quarter.

Shares of Public Storage (NYSE:PSA) opened at $187.82 on Tuesday. The stock has a market capitalization of $32,690.00, a PE ratio of 27.46, a PEG ratio of 3.68 and a beta of 0.31. Public Storage has a 1-year low of $180.48 and a 1-year high of $232.21.

Several brokerages have recently issued reports on PSA. B. Riley reiterated a “neutral” rating on shares of Public Storage in a report on Wednesday, November 1st. BMO Capital Markets set a $193.00 price target on Public Storage and gave the company a “sell” rating in a report on Thursday, October 26th. Zacks Investment Research downgraded Public Storage from a “hold” rating to a “sell” rating in a research note on Wednesday, January 24th. Jefferies Group set a $212.00 price objective on Public Storage and gave the company a “hold” rating in a research note on Tuesday, November 28th. Finally, Barclays reissued a “hold” rating and issued a $207.00 price objective on shares of Public Storage in a research note on Thursday, October 19th. Eight equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $208.92.

In other Public Storage news, insider John Reyes sold 60,000 shares of Public Storage stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $212.24, for a total value of $12,734,400.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Gary E. Pruitt sold 5,000 shares of Public Storage stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $212.09, for a total value of $1,060,450.00. Following the completion of the transaction, the director now directly owns 8,350 shares in the company, valued at $1,770,951.50. The disclosure for this sale can be found here. 14.42% of the stock is currently owned by company insiders.

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Public Storage Company Profile

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.

Earnings History for Public Storage (NYSE:PSA)

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