Somewhat Positive Press Coverage Somewhat Unlikely to Impact Public Storage (PSA) Stock Price

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News headlines about Public Storage (NYSE:PSA) have trended somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Public Storage earned a news impact score of 0.21 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 47.7761492160265 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the media headlines that may have effected Accern’s scoring:

Public Storage traded down $0.44, reaching $214.02, on Friday, Marketbeat reports. 1,313,894 shares of the company’s stock were exchanged, compared to its average volume of 938,598. Public Storage has a twelve month low of $180.48 and a twelve month high of $219.93. The firm has a market capitalization of $36.99 billion, a PE ratio of 20.92, a P/E/G ratio of 4.01 and a beta of 0.30.

Public Storage (NYSE:PSA) last announced its quarterly earnings data on Wednesday, April 25th. The real estate investment trust reported $1.65 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.67 by ($0.02). The business had revenue of $669.90 million for the quarter, compared to analyst estimates of $598.28 million. Public Storage had a return on equity of 27.68% and a net margin of 50.72%. The company’s revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.37 EPS. equities research analysts anticipate that Public Storage will post 10.55 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Wednesday, June 13th will be given a dividend of $2.00 per share. The ex-dividend date is Tuesday, June 12th. This represents a $8.00 dividend on an annualized basis and a yield of 3.74%. Public Storage’s payout ratio is 78.20%.

A number of research analysts have recently issued reports on the company. ValuEngine lowered Public Storage from a “hold” rating to a “sell” rating in a report on Friday, May 18th. Barclays reissued a “hold” rating and issued a $203.00 target price on shares of Public Storage in a report on Tuesday, April 17th. Morgan Stanley dropped their target price on Public Storage from $199.00 to $193.00 and set an “underweight” rating on the stock in a report on Thursday. Jefferies Financial Group reissued a “neutral” rating on shares of Public Storage in a report on Thursday, April 26th. Finally, KeyCorp set a $179.00 target price on Public Storage and gave the company a “sell” rating in a report on Thursday, March 15th. Seven analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $204.20.

About Public Storage

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 March 31, 2018, we had interests in 2,392 self-storage facilities located in 38 states with approximately 159 million net rentable square feet in the United States and 223 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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