Public Storage (NYSE:PSA) Sets New 1-Year Low – Time to Sell?

Public Storage (NYSE:PSA) reached a new 52-week low during trading on Friday . The stock traded as low as $256.60 and last traded at $257.9350, with a volume of 67372 shares trading hands. The stock had previously closed at $259.50.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PSA. Evercore ISI lowered their price objective on shares of Public Storage from $315.00 to $309.00 and set an “in-line” rating on the stock in a report on Monday, December 1st. UBS Group lowered their price target on shares of Public Storage from $295.00 to $293.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 18th. Mizuho cut their price target on shares of Public Storage from $310.00 to $285.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Truist Financial decreased their price objective on Public Storage from $320.00 to $315.00 and set a “buy” rating for the company in a report on Tuesday, November 25th. Finally, Royal Bank Of Canada lowered their target price on Public Storage from $309.00 to $307.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $317.80.

Public Storage Stock Performance

The company has a market capitalization of $45.20 billion, a P/E ratio of 26.75, a PEG ratio of 5.56 and a beta of 1.01. The stock’s fifty day moving average price is $272.19 and its 200-day moving average price is $283.89. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.45 and a current ratio of 0.45.

Public Storage (NYSE:PSA) last released its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $4.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.07. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. Public Storage had a return on equity of 36.09% and a net margin of 39.53%.The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.20 earnings per share. Public Storage has set its FY 2025 guidance at 16.700-17.000 EPS. As a group, research analysts anticipate that Public Storage will post 16.7 EPS for the current fiscal year.

Public Storage Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Monday, December 15th. Public Storage’s dividend payout ratio (DPR) is currently 124.61%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Clear Creek Financial Management LLC acquired a new position in shares of Public Storage during the second quarter valued at about $342,000. Diversified Trust Co bought a new position in Public Storage in the 2nd quarter valued at about $418,000. Carnegie Investment Counsel boosted its stake in Public Storage by 23.0% during the 3rd quarter. Carnegie Investment Counsel now owns 112,769 shares of the real estate investment trust’s stock valued at $32,573,000 after purchasing an additional 21,073 shares during the last quarter. Baird Financial Group Inc. increased its holdings in Public Storage by 24.3% during the 2nd quarter. Baird Financial Group Inc. now owns 25,424 shares of the real estate investment trust’s stock worth $7,460,000 after purchasing an additional 4,975 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Public Storage by 6.2% during the 1st quarter. NewEdge Advisors LLC now owns 151,130 shares of the real estate investment trust’s stock worth $45,231,000 after purchasing an additional 8,888 shares in the last quarter. 78.79% of the stock is owned by institutional investors.

Public Storage Company Profile

Public Storage (NYSE: PSA) is a real estate investment trust (REIT) that specializes in self-storage services. Headquartered in Glendale, California, the company was founded in the early 1970s and has grown through development and acquisitions to become one of the largest owner-operators of self-storage facilities in the United States. It is publicly traded on the New York Stock Exchange under the ticker PSA.

The company’s core business is the ownership, operation and management of self-storage properties that serve both residential and commercial customers.