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Public Storage (NYSE:PSA) is a REIT that primarily acquires, develops, owns, and operates self-storage facilities.
It is set to report its Q4 2024 earnings on Feb. 24, after the market close. Wall Street analysts expect the company to post EPS of $4.22, up from $4.20 in the year-ago period. According to Benzinga Pro, quarterly revenue is expected to reach $1.18 billion, up from $1.09 billion a year earlier.
If You Bought Public Storage Stock 10 Years Ago
The company's stock traded at approximately $203.16 per share 10 years ago. If you had invested $10,000, you could have bought roughly 49 shares. Currently, shares trade at $297.40, meaning your investment's value could have grown to $14,639 from stock price appreciation alone. However, Public Storage also paid dividends during these 10 years.
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Arrived Home's Private Credit Fund’s has historically paid an annualized dividend yield of 8.1%*, which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum.
Public Storage's dividend yield is currently 4.03%. Over the last 10 years, it has paid about $98.95 in dividends per share, which means you could have made $4,870 from dividends alone.
Summing up $14,639 and $4,870, we end up with the final value of your investment, which is $19,509. This is how much you could have made if you had invested $10,000 in Public Storage stock 10 years ago. This means a total return of 95.09%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 228.64%.
What Could The Next 10 Years Bring?
Public Storage has a consensus rating of "Buy" and a price target of $341.28 based on the ratings of 18 analysts. The price target implies a nearly 15% potential upside from the current stock price.
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On Oct. 30, the company announced its Q3 2024 earnings, posting FFO of $4.20, compared to the consensus estimate of $4.25, and revenues of $1.11 billion, compared to the consensus of $1.18 billion, as reported by Benzinga.