Public Storage: A Winner As Interest Rates Plummet [Seeking Alpha]
Public Storage (PSA)
Last public storage earnings: 4/30 04:00 pm
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US:NYSE Investor Relations:
investors.publicstorage.com/home/default.aspx
Company Research
Source: Seeking Alpha
Summary Public Storage is one of the relatively few S&P 500 stocks that are solidly in the green year-to-date. That makes sense; the company is set up to benefit from current market conditions. I expect Public Storage's dividend yield to fall to 3% to mirror the decline in interest rates on treasury bonds. That, in turn, would result in a $267 stock price, or roughly 20% upside from current levels. PSA Shares have diverged from the market more recently, however. They fell with the February sell-off, but have firmed up to start the month of March, even as the rest of the market has tumbled: In fact, Public Storage is actually PSA - And Other High-Quality - Can Act Like Levered Bonds In The Short-Run Over the past year, with one exception (earnings in October), Public Storage's stock has essentially traded as though it were about a slightly-levered or high beta version of the long duration government bond ETF ( TLT Really, aside from the earnings dip last fall, PSA's stock was doing a
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PSA
News
- COPT Defense (CDP) Q1 FFO and Revenues Top Estimates [Yahoo! Finance]Yahoo! Finance
- What's in Store for Public Storage (PSA) in Q1 Earnings? [Yahoo! Finance]Yahoo! Finance
- Exploring Analyst Estimates for Public Storage (PSA) Q1 Earnings, Beyond Revenue and EPS [Yahoo! Finance]Yahoo! Finance
- Kentucky horse breeder once again makes Forbes' list of richest people in the world [Yahoo! Finance]Yahoo! Finance
- REIT Public Storage Has Been And May Continue To Be A Terrible Investment [Seeking Alpha]Seeking Alpha
PSA
Earnings
- 2/20/24 - Miss
PSA
Sec Filings
- 4/23/24 - Form 4
- 4/16/24 - Form 8-K
- 4/11/24 - Form 8-K
- PSA's page on the SEC website