6 Worthy Dividend Stocks Down 10% Or More

Top REIT Firm with Excellent Growth Prospects; Public Storage (PSA)

Public Storage is an equity real estate investment trust (REIT). It is the largest owner and operator of self-storage space in the U.S. The real estate firm holds more than 2200 self-storage locations. It holds key inventory in the fastest growing states in the U.S. including Florida, Texas, and California. Its operations span beyond the United States to include both Europe and Canada. The firm was founded in 1972 and went pubic in 1995. Public Storage has paid dividends consecutively for 23 years.

  • The Glendale, California-based company reported third-quarter funds from operations (FFO) of $2.51 per share on October 27th. This compared with $2.27 a year ago. This was a rise of nearly 5% over last year’s levels.
  • Occupancy for the largest REIT firm stands at 95.3%.  
  • The firm had revenue of $663.15 million for the quarter, which also beat analyst estimates of $624.13 million. The quarterly revenue figures were 7.3% higher than their quarterly revenue in the identical quarter last year.
  • The stock has fallen over 15% in the past three months as the sector is highly exposed to a rise in interest rates. This is a great opportunity to pick up a leading real estate investment trust company at a low valuation.
  • Public Storage’s dividend yield is well above that of the S&P 500 Index at 3.85%.  
  • The firm also maintains an impressive 3 year dividend growth rate of 12.4% and has paid out a dividend consecutively for the past 23 years.
  • Public Storage also is a safety play with a low beta of 0.75. 
  • The quarterly dividend for the December payment will be $2.00 versus the prior year rate of $1.80 per share. The payment will be made on December 29, 2016, to shareholders of record at close of business on December 4, 2016.
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Chee Hin Teh 4 years ago Member's comment

Thanks for sharing sir and merry christmas in advance