During the last session, Public Storage (NYSE:PSA)’s traded shares were 0.43 million, with the beta value of the company hitting 0.12. At the end of the trading day, the stock’s price was $330.76, reflecting an intraday loss of -0.08% or -$0.28. The 52-week high for the PSA share is $331.29, that puts it down -0.16 from that peak though still a striking 36.67% gain since the share price plummeted to a 52-week low of $209.47. The company’s market capitalization is $57.70B, and the average intraday trading volume over the past 10 days was 0.67 million shares, and the average trade volume was 726.04K shares over the past three months.
Public Storage (PSA) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 2.70. PSA has a Sell rating from 1 analyst(s) out of 17 analysts who have looked at this stock. 10 analyst(s) recommend to Hold the stock while 2 suggest Overweight, and 3 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $1.87.
Public Storage (NYSE:PSA) trade information
Public Storage (PSA) registered a -0.08% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.08% in intraday trading to $330.76 this Friday, 09/03/21, hitting a weekly high. The stock’s 5-day price performance is 4.11%, and it has moved by 7.07% in 30 days. Based on these gigs, the overall price performance for the year is 55.34%. The short interest in Public Storage (NYSE:PSA) is 2.31 million shares and it means that shorts have 3.18 day(s) to cover.
The consensus price target of analysts on Wall Street is $332.77, which implies an increase of 0.6% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $228.00 and $379.00 respectively. As a result, PSA is trading at a discount of -14.58% off the target high and 31.07% off the low.
Public Storage (PSA) estimates and forecasts
Statistics show that Public Storage has outperformed its competitors in share price, compared to the industry in which it operates. Public Storage (PSA) shares have gone up 38.60% during the last six months, with a year-to-date growth rate more than the industry average at 16.40% against 3.40. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to grow 32.60% this quarter and then jump 47.50% in the quarter after that. In the rating firms’ projections, revenue will increase 12.90% compared to the previous financial year.
Revenue for the current quarter is expected to be $829.32 million as predicted by 9 analyst(s). Meanwhile, a consensus of 8 analyst(s) estimates revenue growth to $845.9 million by the end of Sep 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $709.28 million and $730.66 million respectively. In this case, analysts expect current quarter sales to grow by 16.90% and then jump by 15.80% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 0.70%. While earnings are projected to return -13.80% in 2021, the next five years will return 17.00% per annum.
Public Storage is due to release its next quarterly earnings between November 02 and November 08. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Public Storage is 8.00, with the dividend yield indicating at 2.42 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 3.60%.
Public Storage (NYSE:PSA)’s Major holders
Public Storage insiders own 13.31% of total outstanding shares while institutional holders control 80.53%, with the float percentage being 92.89%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 1,127 institutions own stock in it. As of Mar 30, 2021, the company held over 19.8 million shares (or 11.31% of all shares), a total value of $4.89 billion in shares.
The next largest institutional holding, with 17.1 million shares, is of Blackrock Inc.’s that is approximately 9.77% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $4.22 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Public Storage (PSA) shares are Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund. Data provided on Apr 29, 2021 indicates that Vanguard Specialized-Real Estate Index Fund owns about 7.11 million shares. This amounts to just over 4.06 percent of the company’s overall shares, with a $2.0 billion market value. The same data shows that the other fund manager holds slightly less at 4.19 million, or about 2.40% of the stock, which is worth about $1.03 billion.