Public Storage (PSA) Stock Price, News & Analysis

Company Overview

Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At December 31, 2023, we had: (i) interests in 3,044 self-storage facilities located in 40 states with approximately 218 million net rentable square feet in the United States and (ii) a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 275 self-storage facilities located in seven Western European nations with approximately 15 million net rentable square feet operated under the Shurgard brand. Our headquarters are located in Glendale, California.

Key Stats

• Today's Range: $288.44 to $292.23
• 50-Day Range: $272.13 to $297.96
• 52-Week Range: $256.60 to $369.99
• Volume: 158,532 shs
• Average Volume: 793,857 shs
• Market Capitalization: $50.75 billion
• P/E Ratio: 31.58
• Dividend Yield: 4.15%
• Price Target: $335.43
• Consensus Rating: Moderate Buy

Public Storage Stock Analysis - MarketRank™

Public Storage scored higher than 96% of companies evaluated by MarketBeat, and ranked 53rd out of 909 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Public Storage has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 8 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Public Storage has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: 3.11%

Earnings Growth

Earnings for Public Storage are expected to grow by 3.11% in the coming year, from $16.70 to $17.22 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Public Storage is 31.57, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 28.70.

Price to Earnings Ratio vs. Sector

The P/E ratio of Public Storage is 31.57, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 19.38.

Price to Earnings Growth Ratio

Public Storage has a PEG Ratio of 4.88. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Public Storage has a P/B Ratio of 9.29. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.83% of the float of Public Storage has been sold short.

Short Interest Ratio / Days to Cover

Public Storage has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Public Storage has recently decreased by 2.69%, indicating that investor sentiment is improving.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Public Storage is a leading dividend payer. It pays a dividend yield of 4.09%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Public Storage does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Public Storage is 130.86%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Public Storage will have a dividend payout ratio of 69.69% next year. This indicates that Public Storage will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 4.1 / 5
• Environmental Score: -0.53

Percentage of Shares Shorted

1.83% of the float of Public Storage has been sold short.

Short Interest Ratio / Days to Cover

Public Storage has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Public Storage has recently decreased by 2.69%, indicating that investor sentiment is improving.

News and Social Media

• Score: 4.0 / 5
• News Sentiment: 1.28

News Sentiment

Public Storage has a news sentiment score of 1.28. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 1.07 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 37 news articles for Public Storage this week, compared to 22 articles on an average week.

Search Interest

13 people have searched for PSA on MarketBeat in the last 30 days. This is an increase of 333% compared to the previous 30 days.

MarketBeat Follows

4 people have added Public Storage to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Public Storage insiders have not sold or bought any company stock.

Percentage Held by Insiders

11.10% of the stock of Public Storage is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

78.79% of the stock of Public Storage is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PSA Stock Analysis - Frequently Asked Questions

How have PSA shares performed this year?

Public Storage's stock was trading at $299.44 on January 1st, 2025. Since then, PSA shares have decreased by 3.3% and is now trading at $289.4650.

How were Public Storage's earnings last quarter?

Public Storage (NYSE:PSA) announced its quarterly earnings data on Wednesday, July, 30th. The real estate investment trust reported $4.28 earnings per share for the quarter, topping analysts' consensus estimates of $4.23 by $0.05. The firm's quarterly revenue was up 2.4% compared to the same quarter last year.
Read the conference call transcript.

Who are Public Storage's major shareholders?

Top institutional shareholders of Public Storage include Vanguard Group Inc. (11.87%), State Street Corp (6.05%), Geode Capital Management LLC (2.26%) and Norges Bank (2.24%). Insiders that own company stock include John Reyes, Joseph D Russell Jr, Nathaniel A Vitan and Kristy Pipes.
View institutional ownership trends.

How do I buy shares of Public Storage?

Shares of PSA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Public Storage own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Public Storage investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Chevron (CVX), JPMorgan Chase & Co. (JPM), Exxon Mobil (XOM) and Intel (INTC).

Company Calendar

• Record date for 6/27 Dividend: 6/12/2025
• Ex-Dividend for 6/27 Dividend: 6/12/2025
• Dividend Payable: 6/27/2025
• Last Earnings: 7/30/2025
• Today: 8/26/2025
• Next Earnings (Estimated): 10/29/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: REIT - EQTY TRUST - OTHER
• Sub-Industry: Specialized REITs
• Current Symbol: NYSE:PSA
• CIK: 1393311
• Web: www.publicstorage.com
• Phone: (818) 244-8080
• Fax: 818-244-9530
• Employees: 5,900
• Year Founded: 1972

Price Target and Rating

• Average Price Target for Public Storage: $335.43
• High Price Target: $422.00
• Low Price Target: $299.00
• Potential Upside/Downside: +15.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 16 Analysts

Profitability

• EPS (Trailing Twelve Months): $9.17
• Trailing P/E Ratio: 31.64
• Forward P/E Ratio: 17.37
• P/E Growth: 4.88
• Net Income: $2.07 billion
• Net Margins: 38.13%
• Pretax Margin: 38.52%
• Return on Equity: 34.06%
• Return on Assets: 9.09%

Debt

• Debt-to-Equity Ratio: 2.04
• Current Ratio: 1.77
• Quick Ratio: 1.77

Sales & Book Value

• Annual Sales: $4.70 billion
• Price / Sales: 10.84
• Cash Flow: $18.03 per share
• Price / Cash Flow: 16.09
• Book Value: $31.15 per share
• Price / Book: 9.31

Miscellaneous

• Outstanding Shares: 175,450,000
• Free Float: 155,978,000
• Market Cap: $50.90 billion
• Optionable: Optionable
• Beta: 0.86