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Public Storage. (NYSE: PSA) closed the day trading at $258.68 down -1.33% from the previous closing price of $262.17. In other words, the price has decreased by -$1.33 from its previous closing price. On the day, 0.6 million shares were traded. PSA stock price reached its highest trading level at $260.95 during the session, while it also had its lowest trading level at $257.72.
Ratios:
For a better understanding of PSA, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 122.83 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 16.25. In the meantime, Its Debt-to-Equity ratio is 0.91 whereas as Long-Term Debt/Eq ratio is at 0.83.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on April 05, 2024, Upgraded its rating to Overweight and sets its target price to $310 from $280 previously.
On March 28, 2024, Raymond James Upgraded its rating to Strong Buy which previously was Mkt Perform but kept the price unchanged to $330.
On March 27, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $330.Barclays initiated its Overweight rating on March 27, 2024, with a $330 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 13 ’23 when Vitan Nathaniel A. sold 265 shares for $282.17 per share. The transaction valued at 74,775 led to the insider holds 13,021 shares of the business.
REYES JOHN sold 53,275 shares of PSA for $14,542,560 on Dec 12 ’23. The Director now owns 174,192 shares after completing the transaction at $272.97 per share. On Dec 11 ’23, another insider, REYES JOHN, who serves as the Director of the company, sold 50,000 shares for $275.98 each. As a result, the insider received 13,798,989 and left with 174,192 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PSA now has a Market Capitalization of 45576826880 and an Enterprise Value of 58624897024. As of this moment, Public’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.37, and their Forward P/E ratio for the next fiscal year is 23.46. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.06 while its Price-to-Book (P/B) ratio in mrq is 8.02. Its current Enterprise Value per Revenue stands at 12.897 whereas that against EBITDA is 17.753.
Stock Price History:
Over the past 52 weeks, PSA has reached a high of $312.25, while it has fallen to a 52-week low of $233.18. The 50-Day Moving Average of the stock is -7.42%, while the 200-Day Moving Average is calculated to be -6.48%.
Shares Statistics:
Over the past 3-months, PSA traded about 712.18K shares per day on average, while over the past 10 days, PSA traded about 658900 shares per day. A total of 175.67M shares are outstanding, with a floating share count of 157.79M. Insiders hold about 10.19% of the company’s shares, while institutions hold 82.39% stake in the company. Shares short for PSA as of 1713139200 were 3380347 with a Short Ratio of 4.75, compared to 1710460800 on 3488270. Therefore, it implies a Short% of Shares Outstanding of 3380347 and a Short% of Float of 2.4699999999999998.
Dividends & Splits
PSA’s forward annual dividend rate is 12.00, up from 12.0 a year ago. Against a Trailing Annual Dividend Yield of 0.045771826The stock’s 5-year Average Dividend Yield is 3.24.
Earnings Estimates
Public Storage. (PSA) is currently under the scrutiny of 9.0 analysts, each contributing to the ongoing evaluation of its stock.On average, analysts expect EPS of $2.47 for the current quarter, with a high estimate of $2.76 and a low estimate of $2.34, while EPS last year was $2.65. The consensus estimate for the next quarter is $2.66, with high estimates of $2.96 and low estimates of $2.54.
Analysts are recommending an EPS of between $11.57 and $10.04 for the fiscal current year, implying an average EPS of $10.48. EPS for the following year is $11.01, with 10.0 analysts recommending between $12.2 and $9.99.
Revenue Estimates
8 analysts predict $1.15B in revenue for the current quarter. It ranges from a high estimate of $1.17B to a low estimate of $1.14B. As of the current estimate, Public Storage.’s year-ago sales were $1.09BFor the next quarter, 8 analysts are estimating revenue of $1.19B. There is a high estimate of $1.21B for the next quarter, whereas the lowest estimate is $1.17B.
A total of 12 analysts have provided revenue estimates for PSA’s current fiscal year. The highest revenue estimate was $4.84B, while the lowest revenue estimate was $4.4B, resulting in an average revenue estimate of $4.7B. In the same quarter a year ago, actual revenue was $4.52BBased on 12 analysts’ estimates, the company’s revenue will be $4.91B in the next fiscal year. The high estimate is $5.14B and the low estimate is $4.46B.
