News articles about Public Storage (NYSE:PSA) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Public Storage earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.1519904325361 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the media stories that may have effected Accern’s scoring:
- Jefferies Group Equities Analysts Lower Earnings Estimates for Public Storage (PSA) (americanbankingnews.com)
- Private Asset Management Upped By $1.22 Million Its Public Storage (PSA) Position; Asa Gold & Precious Metals LTD … – Hill Country Times (hillcountrytimes.com)
- Public Storage Announces Tax Treatment of 2017 Dividends … – Business Wire (press release) (businesswire.com)
- Trading Spotlight on Shares of Public Storage (PSA) – Clawson News (clawsonnews.com)
A number of brokerages have recently issued reports on PSA. BMO Capital Markets set a $193.00 target price on shares of Public Storage and gave the stock a “sell” rating in a research report on Thursday, October 26th. Jefferies Group set a $212.00 target price on shares of Public Storage and gave the stock a “hold” rating in a research report on Tuesday, November 28th. FBR & Co set a $220.00 target price on shares of Public Storage and gave the stock a “hold” rating in a research report on Thursday, October 26th. Morgan Stanley lowered shares of Public Storage from an “equal weight” rating to an “underweight” rating and set a $199.00 target price on the stock. in a research report on Wednesday, December 13th. Finally, SunTrust Banks reiterated a “hold” rating and set a $200.00 target price on shares of Public Storage in a research report on Friday, October 27th. Seven investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $209.38.
Public Storage (NYSE:PSA) last posted its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.60 by ($0.99). Public Storage had a return on equity of 27.78% and a net margin of 52.48%. equities research analysts expect that Public Storage will post 10.16 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Wednesday, December 13th were paid a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date was Tuesday, December 12th. Public Storage’s dividend payout ratio (DPR) is 116.79%.
In related news, insider John Reyes sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $212.24, for a total transaction of $12,734,400.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary E. Pruitt sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $212.09, for a total transaction of $1,060,450.00. Following the sale, the director now directly owns 8,350 shares of the company’s stock, valued at $1,770,951.50. The disclosure for this sale can be found here. Insiders own 14.42% of the company’s stock.
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Public Storage Company Profile
Public Storage is a real estate investment trust (REIT). The Company’s principal business activities include the ownership and operation of self-storage facilities, which offer storage spaces for lease, generally on a month-to-month basis, for personal and business use, ancillary activities, such as merchandise sales and tenant reinsurance to the tenants at its self-storage facilities, as well as the acquisition and development of additional self-storage space.
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