Public Storage (PSA) Gains As Market Dips: What You Should Know

Public Storage (PSA) Gains As Market Dips: What You Should Know
This story originally appeared on Zacks

Public Storage (PSA) closed at $359.82 in the latest trading session, marking a +1.1% move from the prior day. This move outpaced the S&P 500’s daily loss of 0.14%. Meanwhile, the Dow lost 0.45%, and the Nasdaq, a tech-heavy index, lost 0.01%.

Public Storage (PSA) Gains As Market Dips: What You Should Know – Zacks

Coming into today, shares of the self-storage facility real estate investment trust had gained 2.27% in the past month. In that same time, the Finance sector gained 3.74%, while the S&P 500 lost 0.13%.

Wall Street will be looking for positivity from Public Storage as it approaches its next earnings report date. In that report, analysts expect Public Storage to post earnings of $3.42 per share. This would mark year-over-year growth of 16.72%. Our most recent consensus estimate is calling for quarterly revenue of $906.18 million, up 21.06% from the year-ago…

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