At the time of writing, Public Storage. [PSA] stock is trading at $290.56, down -0.38%. An important factor to consider is whether the stock is rising or falling in short-term value. The PSA shares have gain 3.95% over the last week, with a monthly amount glided 2.28%, and seem to be holding up well over a long-time horizon.
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On 23, February 2024, Public Storage Declares First Quarter 2024 Dividends. In a post published today on Yahoo Finance, Public Storage (NYSE:PSA) announced today that on February 23, 2024, our Board of Trustees declared a regular quarterly common dividend of $3.00 per common share. The Board also declared dividends with respect to our various series of preferred shares. All the dividends are payable on March 28, 2024, to shareholders of record as of March 13, 2024.
From an analyst’s perspective:
Public Storage. [NYSE: PSA] stock has seen the most recent analyst activity on February 13, 2024, when Scotiabank initiated its Sector Perform rating and assigned the stock a price target of $267. Previously, Deutsche Bank started tracking the stock with Sell rating on January 30, 2024, and set its price target to $250. On December 12, 2023, downgrade downgraded it’s rating to Equal Weight and revised its price target to $280 on the stock. Wells Fargo started tracking the stock assigning a Overweight rating and suggested a price target of $270 on October 24, 2023. In a note dated January 09, 2023, Raymond James downgraded an Mkt Perform rating on this stock.
For the past year, the stock price of Public Storage. fluctuated between $233.18 and $316.48. Currently, Wall Street analysts expect the stock to reach $306.67 within the next 12 months. Public Storage. [NYSE: PSA] shares were valued at $290.56 at the most recent close of the market. An investor can expect a potential return of 5.54% based on the average PSA price forecast.
Analyzing the PSA fundamentals
According to Public Storage. [NYSE:PSA], the company’s sales were 4.52B for trailing twelve months, which represents an 6.55% jump. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at 0.67%, Pretax Profit Margin comes in at 0.48%, and Net Profit Margin reading is 0.43%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.19 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.99.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 287.25 points at the first support level, and at 283.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 292.59, and for the 2nd resistance point, it is at 294.63.
Public Storage. [PSA] reported earnings per share of $2.21 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.73/share, meaning a difference of -$0.52 and a surprise factor of -19.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $3.2 per share as compared to estimates of $2.81 per share, a difference of $0.39 representing a surprise of 13.90%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 11.30, the price to book ratio is 9.01 and price to earnings (TTM) ratio is 26.26.
Transactions by insiders
Recent insider trading involved Vitan Nathaniel A., Chief Legal Officer, that happened on Dec 13 ’23 when 265.0 shares were sold. Director, REYES JOHN completed a deal on Dec 12 ’23 to sell 53275.0 shares. Meanwhile, Director REYES JOHN sold 50000.0 shares on Dec 11 ’23.
