Company Update: Public Storage (NYSE:PSA) – Public Storage to Release Fourth Quarter 2015 Earnings Results and Host Quarterly Conference Call

[Business Wire] – Public Storage announced today it intends to release its fourth quarter 2015 earnings results on Tuesday, February 16, 2016. A conference call is scheduled for Wednesday, February 17, 2016, at 11:00 a.m. Read more on this. Public Storage (PSA) , valued at $43.13B, opened at $248.91. Looking at today’s market, PSA one day range is $247.48 to $252.53 with its 52-week range being $182.08 to $254.66. Public Storage (PSA) shares are currently priced at 28.27x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 21.10x earnings multiple for the same period. The company pays shareholders $6.80 per share annually in dividends, yielding 2.68%. In a review of the consensus earnings estimate this quarter, 17 sell-side analysts are looking at $2.42 per share, which would be $0.25 better than the year-ago quarter and a $0.03 sequential increase. The full-year EPS estimate is $8.78 which would be a $0.80 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $581.65 Million. If reported, that would be a 9.91% increase over the year-ago quarter. Recently, Barclays downgraded PSA from Overweight to Equal Weight (Jan 26, 2016). Previously, Raymond James downgraded PSA from Outperform to Mkt Perform. The average price target for PSA shares by the analysts covering the stock is $237.84, which is 4.45% below where the stock opened this morning. See more in (NYSE:PSA) Similar Articles: Market Update (NYSE:NBL): Noble Energy Will Release Its Fourth Quarter 2015 Results and Host a Conference Call on February 17 Stock Update: Aon plc (NYSE:AON) – Aon Announces Fourth Quarter and Full Year 2015 Earnings Release and Conference Call Market Update: U.S. Bancorp (NYSE:USB) – U.S. Bancorp to Release Fourth Quarter Earnings Results and Host Conference Call Friday, January 15, 2016