Earnings results for Public Storage (NYSE:PSA)
Public Storage is expected* to report earnings on 04/28/2021 after market close. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 7 analysts’ forecasts, the consensus EPS forecast for the quarter is $2.7. The reported EPS for the same quarter last year was $2.58.
Public Storage last posted its quarterly earnings data on February 24th, 2021. The real estate investment trust reported $1.67 earnings per share for the quarter, missing the consensus estimate of $1.94 by $0.27. Public Storage has generated $10.75 earnings per share over the last year and currently has a price-to-earnings ratio of 42.4. Public Storage has confirmed that its next quarterly earnings report will be published on Wednesday, April 28th, 2021.
Analyst Opinion on Public Storage (NYSE:PSA)
9 Wall Street analysts have issued ratings and price targets for Public Storage in the last 12 months. Their average twelve-month price target is $229.63, predicting that the stock has a possible downside of 16.52%. The high price target for PSA is $269.00 and the low price target for PSA is $195.00. There are currently 1 sell rating, 6 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Hold.”
Public Storage has received a consensus rating of Hold. The company’s average rating score is 2.11, and is based on 2 buy ratings, 6 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $229.63, Public Storage has a forecasted downside of 16.5% from its current price of $275.06. Public Storage has only been the subject of 3 research reports in the past 90 days.
Dividend Strength: Public Storage (NYSE:PSA)
Public Storage pays a meaningful dividend of 2.91%, higher than the bottom 25% of all stocks that pay dividends. Public Storage has only been increasing its dividend for 1 years. The dividend payout ratio of Public Storage is 74.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Public Storage will have a dividend payout ratio of 73.53% next year. This indicates that Public Storage will be able to sustain or increase its dividend.
Insiders buying/selling: Public Storage (NYSE:PSA)
In the past three months, Public Storage insiders have not sold or bought any company stock. Only 13.78% of the stock of Public Storage is held by insiders. 79.99% of the stock of Public Storage is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Public Storage (NYSE:PSA
Earnings for Public Storage are expected to grow by 4.02% in the coming year, from $10.46 to $10.88 per share. The P/E ratio of Public Storage is 42.45, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.35. The P/E ratio of Public Storage is 42.45, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 23.12. Public Storage has a PEG Ratio of 7.00. PEG Ratios above 1 indicate that a company could be overvalued. Public Storage has a P/B Ratio of 9.57. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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