Public Storage (PSA) Analysts See $2.57 EPS

July 18, 2017 - By Winifred Garcia

 Public Storage (PSA) Analysts See $2.57 EPS

Wall Street await Public Storage (NYSE:PSA) to release earnings on July, 26. Analysts forecast earnings per share of $2.57, up exactly $0.23 or 9.83 % from 2014’s $2.34 EPS. The expected PSA’s profit could reach $452.99M giving the stock 20.19 P/E in the case that $2.57 earnings per share is reported. After posting $2.34 EPS for the previous quarter, Public Storage’s analysts now forecast 9.83 % EPS growth. The stock decreased 0.04% or $0.09 during the last trading session, reaching $207.59. About 660,467 shares traded. Public Storage (NYSE:PSA) has declined 14.14% since July 18, 2016 and is downtrending. It has underperformed by 30.84% the S&P500.

Public Storage (NYSE:PSA) Ratings Coverage

Among 16 analysts covering Public Storage (NYSE:PSA), 2 have Buy rating, 2 Sell and 12 Hold. Therefore 13% are positive. Public Storage had 43 analyst reports since July 21, 2015 according to SRatingsIntel. The company was upgraded on Thursday, January 7 by Robert W. Baird. The stock of Public Storage (NYSE:PSA) earned “Hold” rating by Evercore on Monday, August 22. As per Wednesday, November 11, the company rating was initiated by BB&T Capital. The rating was maintained by Argus Research with “Buy” on Wednesday, January 27. Robert W. Baird downgraded the shares of PSA in report on Thursday, January 5 to “Neutral” rating. The stock has “Sector Perform” rating by RBC Capital Markets on Monday, November 9. The company was downgraded on Thursday, August 11 by Bank of America. The firm has “Hold” rating by Jefferies given on Wednesday, August 10. The stock of Public Storage (NYSE:PSA) has “Sector Weight” rating given on Monday, December 7 by KeyBanc Capital Markets. As per Friday, September 4, the company rating was upgraded by Raymond James.

Public Storage is a real estate investment trust . The company has market cap of $36.59 billion. The Company’s principal business activities include the ownership and operation of self-storage facilities, which offer storage spaces for lease, generally on a month-to-month basis, for personal and business use, ancillary activities, such as merchandise sales and tenant reinsurance to the tenants at its self-storage facilities, as well as the acquisition and development of additional self-storage space. It has a 29.51 P/E ratio. The Company’s divisions include Self-Storage Operations, Ancillary Operations, Investment in PS Business Parks, Inc. (PSB) and Investment in Shurgard Europe.

More notable recent Public Storage (NYSE:PSA) news were published by: Businesswire.com which released: “Public Storage Announces Redemption of All Outstanding Depositary Shares …” on June 23, 2017, also Seekingalpha.com with their article: “Are The Big 3 Self-Storage REITs A Bargain?” published on July 13, 2017, Seekingalpha.com published: “Public Storage Is Dangerously Overvalued” on June 28, 2017. More interesting news about Public Storage (NYSE:PSA) were released by: Seekingalpha.com and their article: “Storage Wars: Self-Storage REITs Continue To Decline Amid Intense Competition” published on June 21, 2017 as well as Fool.com‘s news article titled: “Public Storage: Buy the Dip?” with publication date: July 06, 2017.

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