Prepare Yourself for Liftoff: Public Storage (PSA)

With 1.03 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.7 million shares. During the session, the REIT – Industrial company that operates in wider Real Estate sector, reached to the highest price of $334.21 whereas the lowest price it dropped to was $324.86. The 52-week range on PSA shows that it touched its highest point at $369.99 and its lowest point at $241.60 during that stretch. It currently has a 1-year price target of $348.24. With its current market cap of 58.33 billion, PSA has annualized dividend of $12.00 while the current yield stands at 3.60%. PSA paid its most recent dividend on 1726185600, while the ex-dividend date for that was 1734048000. Beta for the stock currently stands at 0.72.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PSA was up-trending over the past week, with a rise of 1.24%, but this was down by -4.26% over a month. Three-month performance surged to 5.08% while six-month performance rose 20.97%. The stock gained 34.34% in the past year, while it has gained 9.22% so far this year. A look at the trailing 12-month EPS for PSA yields 9.65 with Next year EPS estimates of 10.55. For the next quarter, that number is 2.55. This implies an EPS growth rate of -6.94% for this year and 2.51% for next year. EPS is expected to grow by 2.74% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 5.31%.

Float and Shares Shorts:

At present, 175.67 million PSA shares are outstanding with a float of 157.21 million shares on hand for trading. On 2024-10-15, short shares totaled 2.74 million, which was 155.99999999999997 higher than short shares on 1726185600. In addition to Mr. Joseph D. Russell Jr. as the firm’s CEO, President & Trustee, Mr. H. Thomas Boyle III serves as its Senior VP, Chief Investment Officer & CFO.

Institutional Ownership:

Through their ownership of 0.809 of PSA’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, PSA reported revenue of $1187758000.0 and operating income of $559514000.0. The EBITDA in the recently reported quarter was $860135000.0 and diluted EPS was $2.16.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PSA since 5 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PSA analysts setting a high price target of 421.0 and a low target of 298.0, the average target price over the next 12 months is 350.31. Based on these targets, PSA could surge 26.38% to reach the target high and fall by -10.55% to reach the target low. Reaching the average price target will result in a growth of 5.16% from current levels.

Analysts have provided yearly estimates in a range of $10.35967 being high and $10.25509 being low. For PSA, this leads to a yearly average estimate of $10.292.