Public Storage’s EPS Estimates Cut for FY2022
October 20, 2022
Trending News 🌧️
Public Storage Intrinsic Value – Public Storage ($NYSE:PSA) is a real estate investment trust that invests in self-storage properties. The company’s EPS estimates for FY2022 have been cut by an analyst. Public Storage is a real estate investment trust that invests in self-storage properties. The analyst cited the company’s recent guidance as the reason for the revision. Public Storage‘s recent guidance includes a mid-single-digit increase in same-store revenue and a low-to-mid-single-digit increase in net operating income. The analyst at Jefferies believes that the company’s guidance is achievable, but they are concerned about the potential for higher interest rates and inflation.
They also believe that the company’s dividend payout ratio is likely to increase in the future. Despite the concerns, the analyst maintained a “Buy” rating on the stock. They believe that the company’s long-term growth prospects remain intact. Public Storage is a real estate investment trust that invests in self-storage properties. The company’s EPS estimates for FY2022 have been cut by an analyst at Jefferies, but the stock still has a “Buy” rating.
Earnings
Public Storage announced their earning report for FY2022 Q2 on June 30. In this report, it was revealed that the company earned 191.4 million dollars in total revenue. The reason for this cut is due to the current pandemic and the effects it has had on the economy.
Share Price
The current media coverage of the company is mostly positive, but the stock has taken a hit. On Wednesday, Public Storage‘s stock opened at $293.8 and closed at $290.9, down by 2.1% from the previous closing price of $297.2. The company’s EPS estimates for the next fiscal year have been cut by analysts, which has caused the stock to drop.
Despite the current positive media coverage, the stock prices are not doing well. It is important to watch this company closely to see if the stock prices rebound or if the negative trend continues.
VI Analysis – Public Storage Intrinsic Value Calculator
Fundamentally, the company is sound with a strong balance sheet and a healthy business model. However, the stock is currently overvalued by about 17%. The intrinsic value of the stock is around $249.4, while the current price is $290.9. However, at the current price, the stock is overvalued and is not a good buy at this time.
VI Peers
Public Storage is a real estate investment trust that invests in self-storage facilities. The company was founded in 1972 and is headquartered in Glendale, California. Public Storage has over 2,200 locations in the United States and Europe. The company’s competitors include Life Storage Inc, Extra Space Storage Inc, and National Storage Affiliates Trust.
– Life Storage Inc ($NYSE:LSI)
Life Storage Inc is a US based self storage company. As of December 31, 2020, it operated 969 self storage facilities across the United States. The company has a market capitalization of $8.69 billion as of February 2021.
– Extra Space Storage Inc ($NYSE:EXR)
Extra Space Storage is a real estate investment trust that owns and operates self-storage properties across the United States. As of December 31, 2020, the company had 1,871 self-storage properties located in 40 states, Washington, D.C., and Puerto Rico. Extra Space Storage is the second largest self-storage company in the United States with a market cap of $22.22 billion as of February 2021.
– National Storage Affiliates Trust ($NYSE:NSA)
National Storage Affiliates Trust is a publicly traded real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the United States. As of December 31, 2020, the Company owned and operated 783 self storage properties located in 38 states with approximately 54.3 million rentable square feet.
Summary
Investing in Public Storage can be a good way to diversify your portfolio and benefit from the company’s long track record of success. The company’s stock is relatively volatile, so it may not be suitable for investors who are risk-averse. However, for those who are willing to stomach the ups and downs, Public Storage can be a great long-term investment.
