Public Storage (NYSE:PSA) Given Price Target Of $244


As per Public Storage (NYSE:PSA)’s news release on 2016-07-28, its shareholders will get cash dividend of $1.8 per share. The recent press release updated on the record date and payout date, which stands at 2016-09-14 and 2016-09-29, respectively.

The stock will commence trading ex-dividend from 2016-09-12, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Public Storage (NYSE:PSA) disbursed $1.8 in dividend compared to distribution of $1.8, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 16.0714%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Public Storage (NYSE:PSA) to attain a price target of $244. It is an average estimate figure given by 11 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $289. The low price range is set at $220 for next year while the arithmetic mean is seen at 3.

Eyeing Earnings Public Storage (NYSE:PSA) is likely to post quarterly numbers around 2016-10-26 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $2.51 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, Public Storage (NYSE:PSA) earnings came at $2.34 suggesting a deviation of $-0.04. The brokerages targeted EPS of $2.38 for the quarter.

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