Equities research analysts expect that Public Storage (NYSE:PSA) will report earnings per share of $2.46 for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Public Storage’s earnings, with estimates ranging from $2.44 to $2.47. Public Storage posted earnings per share of $2.34 during the same quarter last year, which indicates a positive year-over-year growth rate of 5.1%. The business is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, April 25th.
On average, analysts expect that Public Storage will report full-year earnings of $10.55 per share for the current fiscal year, with EPS estimates ranging from $10.42 to $10.59. For the next financial year, analysts anticipate that the firm will post earnings of $10.89 per share, with EPS estimates ranging from $10.57 to $11.05. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Public Storage.
Public Storage (NYSE:PSA) last released its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.03. The firm had revenue of $634.22 million during the quarter, compared to the consensus estimate of $643.46 million. Public Storage had a return on equity of 27.48% and a net margin of 51.16%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.03 earnings per share.
Public Storage stock traded down $2.08 during trading hours on Friday, reaching $199.28. The stock had a trading volume of 724,186 shares, compared to its average volume of 921,881. The company has a market capitalization of $34,717.56, a PE ratio of 19.48, a P/E/G ratio of 3.94 and a beta of 0.28. Public Storage has a 52 week low of $180.48 and a 52 week high of $232.21.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Wednesday, March 14th were given a dividend of $2.00 per share. The ex-dividend date was Tuesday, March 13th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 4.01%. Public Storage’s dividend payout ratio (DPR) is 78.20%.
In related news, SVP Lily Yan Hughes sold 443 shares of the stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $194.53, for a total value of $86,176.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 14.00% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its holdings in Public Storage by 841.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 527 shares of the real estate investment trust’s stock valued at $110,000 after acquiring an additional 471 shares during the period. Truewealth LLC purchased a new position in shares of Public Storage in the 4th quarter valued at about $127,000. Trustcore Financial Services LLC purchased a new position in shares of Public Storage in the 4th quarter valued at about $145,000. Certified Advisory Corp purchased a new position in shares of Public Storage in the 4th quarter valued at about $175,000. Finally, Advisory Services Network LLC boosted its stake in shares of Public Storage by 184.6% in the 4th quarter. Advisory Services Network LLC now owns 942 shares of the real estate investment trust’s stock valued at $197,000 after buying an additional 611 shares during the period. Institutional investors own 81.66% of the company’s stock.
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Public Storage Company Profile
Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. The Company's headquarters are located in Glendale, California. At December 31, 2017, we had interests in 2,386 self-storage facilities located in 38 states with approximately 159 million net rentable square feet in the United States and 222 storage facilities located in seven Western European nations with approximately 12 million net rentable square feet operated under the ?Shurgard? brand.
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