Public Storage (PSA) To Go Ex-Dividend on September 15th

Public Storage (NYSE:PSA) declared a quarterly dividend on Tuesday, August 4th. Shareholders of record on Tuesday, September 15th will be given a dividend of 3.00 per share by the real estate investment trust on Tuesday, October 6th. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, September 15th.

Public Storage has increased its dividend payment by an average of 0.1%annually over the last three years. Public Storage has a dividend 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 research analysts expect Public Storage to earn $17.43 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 68.8%.

Public Storage Trading Up 0.6%

Shares of PSA traded up $1.63 during mid-day trading on Friday, hitting $296.23. 683,136 shares of the company’s stock traded hands, compared to its average volume of 713,208. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.06. The firm has a market capitalization of $52.02 billion, a P/E ratio of 28.27, a PEG ratio of 4.03 and a beta of 0.95. The business’s 50-day moving average price is $317.90 and its 200-day moving average price is $307.70. Public Storage has a 1 year low of $256.54 and a 1 year high of $335.55.

Public Storage (NYSE:PSA) last announced its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $1.64. Public Storage had a return on equity of 40.98% and a net margin of 41.80%.The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the firm posted $4.28 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. As a group, sell-side analysts forecast that Public Storage will post 16.93 EPS for the current fiscal year.

Public Storage Company Profile

Public Storage is a real estate investment trust that owns, operates and develops self-storage facilities in the United States. The company provides customers with storage units for household goods, business inventory, vehicles and other personal or commercial belongings.

Its facilities offer a range of unit sizes and may include features such as drive-up access, climate-controlled storage, electronic gate access and online account management. Public Storage also provides related services, including tenant insurance options and moving and packing supplies at select locations.

Founded in 1972 and headquartered in Glendale, California, Public Storage serves customers through a nationwide network of self-storage properties.