|Bid||26.95 x 3000|
|Ask||26.98 x 800|
|Day's Range||26.89 - 27.09|
|52 Week Range||21.75 - 27.39|
|Beta (5Y Monthly)||0.48|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.77 (2.85%)|
|Ex-Dividend Date||Dec 12, 2019|
|1y Target Est||N/A|
Rating Action: Moody's affirms Public Storage's A2 rating, stable outlookGlobal Credit Research - 13 Apr 2021New York, April 13, 2021 -- Moody's Investors Service, ("Moody's") has affirmed the ratings of Public Storage, including its A2 senior unsecured and A3 preferred stock ratings. The rating affirmation follows the self-storage REIT's announcement that it has agreed to acquire the ezStorage portfolio for $1.8 billion.The ratings' affirmation reflects the strategic benefits of the ezStorage transaction, which include enhancing Public Storage's market leadership in the Washington, DC and Baltimore region and the addition of 48 high-quality, well-located assets that will enhance its long-term growth profile.Offsetting these positives, Moody's notes that Public Storage is paying a fairly high valuation for this portfolio and has indicated plans to finance the purchase price entirely with unsecured debt -- a distinct shift from its traditional funding strategy.
PS Business Parks, Inc. (NYSE:PSB) announced today that it intends to release its first quarter 2021 earnings after the close of business on Tuesday, April 27, 2021.
When you buy and hold a stock for the long term, you definitely want it to provide a positive return. Better yet, you'd...