Public Storage (PSA) Receiving Somewhat Favorable Press Coverage, Analysis Shows
News articles about Public Storage (NYSE:PSA) have trended somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Public Storage earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 46.0549034038834 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Public Storage (PSA) Stock Rating Lowered by BidaskClub (americanbankingnews.com)
- Man looks directly into security camera while robbing Brooklyn storage facility (nydailynews.com)
- How much does your CEO make compared with you? Now, that ratio is public (ocregister.com)
- The Roll Up: Weekly Self-Storage Development Round Up 4.11.18 (sparefoot.com)
- Sycamore City Council to rule on Metronet expansion, self-storage proposal (daily-chronicle.com)
Shares of PSA stock traded down $0.19 during trading on Monday, reaching $197.09. 755,597 shares of the company’s stock were exchanged, compared to its average volume of 1,020,021. The firm has a market capitalization of $34,369.13, a PE ratio of 19.27, a PEG ratio of 3.90 and a beta of 0.28. Public Storage has a twelve month low of $180.48 and a twelve month high of $232.21.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Wednesday, March 14th were paid a $2.00 dividend. The ex-dividend date of this dividend was Tuesday, March 13th. This represents a $8.00 annualized dividend and a yield of 4.06%. Public Storage’s dividend payout ratio (DPR) is presently 78.20%.
PSA has been the topic of several recent analyst reports. Barclays reaffirmed a “hold” rating and set a $201.00 price target on shares of Public Storage in a research report on Wednesday, January 31st. Cantor Fitzgerald reaffirmed a “hold” rating and set a $213.00 price target on shares of Public Storage in a research report on Wednesday, February 21st. Wells Fargo reaffirmed a “hold” rating and set a $210.00 price target (down previously from $225.00) on shares of Public Storage in a research report on Thursday, March 15th. They noted that the move was a valuation call. Jefferies Group set a $199.00 price target on Public Storage and gave the stock a “hold” rating in a research report on Monday, March 5th. Finally, Citigroup lowered their price target on Public Storage from $220.00 to $200.00 and set a “neutral” rating on the stock in a research report on Thursday, March 1st. Seven analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $204.47.
In related news, SVP Lily Yan Hughes sold 443 shares of the business’s 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 the SEC website. Insiders own 14.00% 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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