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$Public Storage(PSA-N)$ (NYSE:PSA) is a REIT that primarily acquires, develops, owns and operates self-storage facilities.

If You Bought Public Storage Stock 10 Years Ago

The company's stock traded at approximately $185.62 per share 10 years ago. If you had invested $10,000, you could have bought roughly 54 shares. Currently, shares trade at $331.79, meaning your investment's value could have grown to $17,875 from stock price appreciation alone. However, Public Storage also paid dividends during these 10 years. 

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Public Storage's dividend yield is currently 3.62%. Over the last 10 years, it has paid about $82.65 in dividends per share, which means you could have made $4,452 from dividends alone. 

Summing up $17,875 and $4,452, we end up with the final value of your investment, which is $22,327. 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 123.27%. However, this figure is significantly below the S&P 500 total return for the same period, which was 231.07%.

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What Could The Next 10 Years Bring? 

Public Storage has a consensus rating of "Buy" and a price target of $341.11 based on the ratings of 19 analysts. The price target implies a nearly 3% potential upside from the current stock price.

On Oct. 30, the company announced its Q3 2024 earnings, posting an FFO of $4.20, compared to the consensus estimate of $4.25 and revenues of $1.11 billion, compared to the consensus estimate of $1.18 billion, as reported by Benzinga.

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For the full year, the company expects revenue growth in the range of (1.30%)-(0.50%) and core FFO per share in the range of $16.50-16.85.

Given just 3% expected upside potential, growth-focused investors may not find Public Storage stock attractive. Conversely, the stock can be a good option for income-focused investors, who benefit from the company's solid dividend yield of 3.62%.

Check out this article by Benzinga for three more stocks offering high dividend yields. 

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This article If You Invested $10,000 In Public Storage Stock 10 Years Ago, How Much Would You Have Now? originally appeared on Benzinga.com