The closing price of Public Storage. (NYSE: PSA) was $282.03 for the day, up 1.70% from the previous closing price of $277.31. In other words, the price has increased by $+4.72 from its previous closing price. On the day, 500073 shares were traded.
Ratios:
Our analysis of PSA’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 133.92 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.72. 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 this company, Scotiabank on February 13, 2024, initiated with a Sector Perform rating and assigned the stock a target price of $267.
On January 30, 2024, Deutsche Bank started tracking the stock assigning a Sell rating and target price of $250.
Wells Fargo Downgraded its Overweight to Equal Weight on December 12, 2023, whereas the target price for the stock was revised from $270 to $280.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 49.55B and an Enterprise Value of 62.63B. As of this moment, Public’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.48, and their Forward P/E ratio for the next fiscal year is 25.32. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.97 while its Price-to-Book (P/B) ratio in mrq is 8.75. Its current Enterprise Value per Revenue stands at 13.86 whereas that against EBITDA is 18.74.
Stock Price History:
The Beta on a monthly basis for PSA is 0.55, which has changed by -0.07% over the last 52 weeks, in comparison to a change of 32.31% over the same period for the S&P500. Over the past 52 weeks, PSA has reached a high of $316.48, while it has fallen to a 52-week low of $233.18. The 50-Day Moving Average of the stock is 285.62, while the 200-Day Moving Average is calculated to be 278.11.
Shares Statistics:
PSA traded an average of 751.73K shares per day over the past three months and 849.55k shares per day over the past ten days. A total of 175.67M shares are outstanding, with a floating share count of 157.80M. Insiders hold about 10.18% of the company’s shares, while institutions hold 82.37% stake in the company. Shares short for PSA as of Feb 29, 2024 were 3.32M with a Short Ratio of 4.42, compared to 3.22M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.89% and a Short% of Float of 2.42%.
Dividends & Splits
With its trailing 12-month dividend rate of 12.00, PSA has a forward annual dividend rate of 12.00. Against a Trailing Annual Dividend Yield of 4.33%, it implies a Forward Annual Dividend Yield of 4.25%. The stock’s 5-year Average Dividend Yield is 3.23.
Earnings Estimates
The firm’s stock currently is rated by 7 analysts. On average, analysts expect EPS of $2.45 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 $2.55.
Analysts are recommending an EPS of between $11.57 and $10.1 for the fiscal current year, implying an average EPS of $10.43. EPS for the following year is $11.01, with 8 analysts recommending between $12.02 and $10.64.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 7 analysts. It ranges from a high estimate of $1.17B to a low estimate of $1.13B. As of the current estimate, Public Storage.’s year-ago sales were $1.09B, an estimated increase of 5.40% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $1.18B, an increase of 5.60% over than the figure of $5.40% in the same quarter last year. There is a high estimate of $1.21B for the next quarter, whereas the lowest estimate is $1.15B.
A total of 9 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 $4.69B. In the same quarter a year ago, actual revenue was $4.52B, up 3.80% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $4.9B in the next fiscal year. The high estimate is $5.14B and the low estimate is $4.45B. The average revenue growth estimate for next year is up 4.50% from the average revenue estimate for this year.
