Headlines about Public Storage (NYSE:PSA) have been trending somewhat positive on Wednesday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Public Storage earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.157555574336 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern’s rankings:
- Zacks: Brokerages Expect Public Storage (PSA) Will Announce Quarterly Sales of $668.87 Million (americanbankingnews.com)
- An A-Rated REIT That Invests In Small Business America (seekingalpha.com)
- Zacks: Analysts Expect Public Storage (PSA) Will Announce Earnings of $2.46 Per Share (americanbankingnews.com)
- Fdx Advisors Increased Public Storage Com (PSA) Position By $317824; Mednax (MD) SI Increased By 10.52% (mtastar.com)
- As Public Storage (PSA) Market Value Declined, Holder Security Capital Research & Management INC Has Raised by … (styleonfleek365.com)
Shares of NYSE:PSA opened at $200.45 on Wednesday. The company has a market capitalization of $34,811.64, a P/E ratio of 19.96, a PEG ratio of 3.95 and a beta of 0.28. Public Storage has a fifty-two week low of $180.48 and a fifty-two week high of $232.21.
Public Storage (NYSE:PSA) last released its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.72 by $0.03. Public Storage had a net margin of 51.16% and a return on equity of 27.48%. The company had revenue of $634.22 million for the quarter, compared to analysts’ expectations of $643.46 million. During the same quarter last year, the company earned $2.03 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. equities analysts forecast that Public Storage will post 10.55 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Wednesday, March 14th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Tuesday, March 13th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 3.99%. Public Storage’s dividend payout ratio (DPR) is presently 78.20%.
Several analysts have recently commented on the stock. KeyCorp set a $179.00 price objective on shares of Public Storage and gave the company a “sell” rating in a report on Thursday, March 15th. Wells Fargo reiterated a “hold” rating and issued a $210.00 target price (down from $225.00) on shares of Public Storage in a research note on Thursday, March 15th. They noted that the move was a valuation call. Jefferies Group set a $199.00 target price on shares of Public Storage and gave the company a “hold” rating in a research note on Monday, March 5th. Citigroup decreased their target price on shares of Public Storage from $220.00 to $200.00 and set a “neutral” rating for the company in a research note on Thursday, March 1st. Finally, Cantor Fitzgerald set a $213.00 price objective on shares of Public Storage and gave the stock a “hold” rating in a research report on Monday, March 12th. Seven equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $204.47.
In other news, SVP Lily Yan Hughes sold 443 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $194.53, for a total transaction of $86,176.79. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 14.00% of the company’s stock.
Public Storage Company Profile
Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. The Company's headquarters are located in Glendale, California. At December 31, 2017, we had interests in 2,386 self-storage facilities located in 38 states with approximately 159 million net rentable square feet in the United States and 222 storage facilities located in seven Western European nations with approximately 12 million net rentable square feet operated under the ?Shurgard? brand.
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