公共存储预计将在2023年第一季度公布每股收益4.04美元(纽约证券交易所代码:PSA)

公共存储预计将在2023年第一季度公布每股收益4.04美元(纽约证券交易所代码:PSA)
2023年03月31日 13:22 富途牛牛综合

Public Storage (NYSE:PSA – Get Rating) – Analysts at Zacks Research issued their Q1 2023 earnings per share estimates for shares of Public Storage in a note issued to investors on Monday, March 27th. Zacks Research analyst M. Chattopadhyay anticipates that the real estate investment trust will post earnings per share of $4.04 for the quarter. The consensus estimate for Public Storage's current full-year earnings is $16.79 per share. Zacks Research also issued estimates for Public Storage's Q2 2023 earnings at $4.23 EPS, Q3 2023 earnings at $4.23 EPS, Q4 2023 earnings at $4.23 EPS, FY2023 earnings at $16.73 EPS, Q1 2024 earnings at $4.31 EPS, Q2 2024 earnings at $4.44 EPS, Q3 2024 earnings at $4.46 EPS, Q4 2024 earnings at $4.43 EPS, FY2024 earnings at $17.63 EPS and FY2025 earnings at $18.76 EPS.

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Public Storage (NYSE:PSA – Get Rating) last released its quarterly earnings data on Tuesday, February 21st. The real estate investment trust reported $2.06 earnings per share for the quarter, missing analysts' consensus estimates of $3.99 by ($1.93). Public Storage had a net margin of 101.60% and a return on equity of 72.77%. The company had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the previous year, the business posted $3.54 EPS. The business's quarterly revenue was up 17.8% on a year-over-year basis.

PSA has been the topic of a number of other reports. StockNews.com initiated coverage on Public Storage in a research report on Thursday, March 16th. They set a "hold" rating on the stock. Raymond James cut Public Storage from an "outperform" rating to a "market perform" rating in a research report on Monday, January 9th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $368.91.

Public Storage Price Performance

NYSE:PSA opened at $294.64 on Thursday. Public Storage has a 52 week low of $270.13 and a 52 week high of $421.76. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $51.79 billion, a PE ratio of 12.54, a price-to-earnings-growth ratio of 3.48 and a beta of 0.44. The stock's 50-day moving average price is $296.39 and its 200-day moving average price is $293.99.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PSA. Norges Bank purchased a new position in Public Storage during the fourth quarter worth approximately $670,512,000. Moneta Group Investment Advisors LLC raised its holdings in shares of Public Storage by 111,535.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,246,968 shares of the real estate investment trust's stock worth $349,388,000 after acquiring an additional 1,245,851 shares during the period. First Trust Advisors LP boosted its position in shares of Public Storage by 230.1% during the 4th quarter. First Trust Advisors LP now owns 847,753 shares of the real estate investment trust's stock valued at $237,536,000 after acquiring an additional 590,900 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Public Storage by 73.1% in the second quarter. Goldman Sachs Group Inc. now owns 1,249,692 shares of the real estate investment trust's stock valued at $390,742,000 after purchasing an additional 527,777 shares during the period. Finally, Great West Life Assurance Co. Can acquired a new stake in Public Storage during the third quarter worth about $118,942,000. 77.88% of the stock is currently owned by institutional investors and hedge funds.

Public Storage Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 30th. Shareholders of record on Wednesday, March 15th were issued a $3.00 dividend. This is an increase from Public Storage's previous quarterly dividend of $2.00. The ex-dividend date was Tuesday, March 14th. This represents a $12.00 dividend on an annualized basis and a yield of 4.07%. Public Storage's dividend payout ratio is presently 51.09%.

About Public Storage

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Public Storage operates as a real estate investment trust, which engages in acquiring, developing, owning and operating self-storage facilities. It operates through the following segments: Self-storage Operations, Ancillary Operations, and Other Items. The Self-storage Operations segment reflects the rental operations from all self-storage facilities.

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