Public Storage (PSA) To Go Ex-Dividend on September 15th

Public Storage (NYSE:PSA) announced a quarterly dividend on Tuesday, August 4th. Stockholders of record on Tuesday, September 15th will be given a dividend of 3.00 per share by the real estate investment trust on Tuesday, October 6th. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Tuesday, September 15th.

Public Storage has increased its dividend by an average of 0.1%per year over the last three years. Public Storage has a dividend payout ratio of 113.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Public Storage to earn $17.43 per share next year, which means the company should continue to be able to cover its $12.00 annual dividend with an expected future payout ratio of 68.8%.

Public Storage Trading Up 0.6%

Shares of NYSE PSA traded up $1.63 during trading hours on Friday, hitting $296.23. 683,136 shares of the company traded hands, compared to its average volume of 713,208. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.06. The company’s 50 day moving average price is $317.90 and its 200 day moving average price is $307.70. The stock has a market capitalization of $52.02 billion, a price-to-earnings ratio of 28.27, a price-to-earnings-growth ratio of 4.03 and a beta of 0.95. Public Storage has a 12 month low of $256.54 and a 12 month high of $335.55.

Public Storage (NYSE:PSA) last posted its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $1.64. Public Storage had a net margin of 41.80% and a return on equity of 40.98%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the business posted $4.28 earnings per share. The business’s revenue was down .5% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. On average, equities research analysts anticipate that Public Storage will post 16.93 earnings per share for the current fiscal year.

Public Storage Company Profile

Public Storage is a real estate investment trust that owns, operates and develops self-storage facilities in the United States. The company provides customers with storage units for household goods, business inventory, vehicles and other personal or commercial belongings.

Its facilities offer a range of unit sizes and may include features such as drive-up access, climate-controlled storage, electronic gate access and online account management. Public Storage also provides related services, including tenant insurance options and moving and packing supplies at select locations.

Founded in 1972 and headquartered in Glendale, California, Public Storage serves customers through a nationwide network of self-storage properties.