Public Storage. [PSA] stock is trading at $288.10, up 4.65%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PSA shares have gain 2.15% over the last week, with a monthly amount glided 3.05%, 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 March 27, 2024, when Barclays initiated its Overweight rating and assigned the stock a price target of $330. Previously, Scotiabank started tracking the stock with Sector Perform rating on February 13, 2024, and set its price target to $267. On January 30, 2024, Deutsche Bank initiated with a Sell rating and assigned a price target of $250 on the stock. Wells Fargo downgraded its rating to a Equal Weight and increased its price target to $280 on December 12, 2023. Wells Fargo initiated its recommendation with a Overweight and recommended $270 as its price target on October 24, 2023.
Public Storage. [PSA] stock has fluctuated between $233.18 and $316.48 over the past year. Currently, Wall Street analysts expect the stock to reach $312.5 within the next 12 months. Public Storage. [NYSE: PSA] shares were valued at $288.10 at the most recent close of the market. An investor can expect a potential return of 8.47% based on the average PSA price forecast.
Analyzing the PSA fundamentals
Public Storage. [NYSE:PSA] reported sales of 4.52B for the trailing twelve months, which represents a growth of 6.55%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.99.
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 280.83 points at the first support level, and at 273.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 291.81, and for the 2nd resistance point, it is at 295.53.
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 11.20, the price to book ratio is 8.94 and price to earnings (TTM) ratio is 26.03.
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.
