Public Storage (NYSE:PSA) Declares $3.00 Quarterly Dividend

Public Storage (NYSE:PSA) announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Monday, June 15th will be given a dividend of 3.00 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Monday, June 15th.

Public Storage has raised its dividend by an average of 0.1%per year over the last three years. Public Storage has a payout ratio of 113.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Public Storage to earn $17.46 per share next year, which means the company should continue to be able to cover its $12.00 annual dividend with an expected future payout ratio of 68.7%.

Public Storage Price Performance

Public Storage stock opened at $309.36 on Thursday. Public Storage has a one year low of $256.54 and a one year high of $313.51. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.56 and a current ratio of 0.56. The business has a fifty day moving average of $293.58 and a two-hundred day moving average of $284.40. The company has a market cap of $54.31 billion, a P/E ratio of 31.93, a price-to-earnings-growth ratio of 4.08 and a beta of 1.00.

Public Storage (NYSE:PSA) last released its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.29. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The business’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, analysts predict that Public Storage will post 16.89 earnings per share for the current fiscal year.

Public Storage Company Profile

Public Storage (NYSE: PSA) is a real estate investment trust (REIT) that specializes in self-storage services. Headquartered in Glendale, California, the company was founded in the early 1970s and has grown through development and acquisitions to become one of the largest owner-operators of self-storage facilities in the United States. It is publicly traded on the New York Stock Exchange under the ticker PSA.

The company’s core business is the ownership, operation and management of self-storage properties that serve both residential and commercial customers.