Dividend Growth of Public Storage(PSA)

Public Storage(PSA) is having a Dividend Yield of 3.69% with the Annual cash Dividend per share of $7.3. The last quarter cash dividend per share pay out was $2. Public Storage has a 5 year average dividend yield of 3.1% and the stock has a Indicated annual dividend of $8. Public Storage(PSA) formally announced its most recent dividend on January 13, 2017 with a Dividend per share of $2. The new indicated annual dividend based on announced dividend per share is $8. The dividend yield based on the forward looking indicated annual dividend is 3.69%. Public Storage(PSA) has the most recent dividend payout ratio of 0.77 with a 5-year average payout ratio of 0.74. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.03. The 5 year historical dividend growth of Public Storage(PSA) is at the rate of 13.15% while the R-Squared dividend growth is 0.95. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Public Storage (NYSE:PSA) rose 1.64% or 3.56 points on Thursday and made its way into the gainers of the day. After trading began at $217.97 the stock was seen hitting $223.33 as a peak level and $217.97 as the lowest level. The stock ended up at $220.64. The daily volume was measured at 822,611 shares. The 52-week high of the share price is $277.6 and the 52-week low is $200.65. The company has a market cap of $38,268 million. Shares of Public Storage rose by 0.99% in the last five trading days and 2.34% for the last 4 weeks. Public Storage is up 4.97% in the last 3-month period. Year-to-Date the stock performance stands at -1.28%.

Currently the company Insiders own 14.2% of Public Storage shares according to the proxy statements. Institutional Investors own 78.94% of Public Storage shares. During last six month period, the net percent change held by insiders has seen a change of 0.43%. Company has reported several Insider transactions to the SEC, on Dec 14, 2016, John Reyes (SENIOR VICE PRESIDENT / CFO) sold 50,000 shares at 215.42 per share price.On Nov 14, 2016, Tamara Hughes Gustavson (director 10% owner) purchased 69,763 shares at 215.13 per share price.On Jun 10, 2016, B Wayne Jr Hughes (director 10% owner) purchased 22,100 shares at 252.42 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Public Storage was Downgraded by Robert W. Baird on Jan 5, 2017 to Neutral, Lowers Price Target to $ 235 from a previous price target of $248 .

Public Storage Last issued its quarterly earnings results on Oct 26, 2016. The company reported $2.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $2.52. The company had revenue of $663.15 million for the quarter, compared to analysts expectations of $613.81 million. The companys revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.33 EPS.

Public Storage, Inc. is a fully integrated, self-administered and self-managed real estate investment trust that primarily acquires, develops, owns and operates self-storage facilities. The Companys headquarters is located in Glendale, California. Public Storage is Americas premier storage company. Over the past three decades, the company has shown consistent growth in the number of properties owned, as well as in the range of services provided.


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