Public Storage Company Profile (NYSE:PSA)

About Public Storage

Public Storage logoPublic Storage is a real estate investment trust. The Company's business activities include the ownership and operation of self-storage facilities, which offer storage spaces for lease, generally on a month-to-month basis, for personal and business use, ancillary activities, such as merchandise sales and tenant reinsurance to the tenants at its self-storage facilities, as well as the acquisition and development of additional self-storage space. It operates through Self-Storage Operations, Ancillary Operations, Investment in PS Business Parks, Inc. (PSB) and Investment in Shurgard Europe segments. It also has direct and indirect equity interests in over 30 million net rentable square feet of commercial space located in over nine states in the United States primarily owned and operated by PSB under the PS Business Parks name. It manages approximately 30 self-storage facilities for third parties, and has equity interests in and manages over 12 additional self-storage facilities.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Industrial
  • Sub-Industry: Specialized REITs
  • Exchange: NYSE
  • Symbol: PSA
  • CUSIP: 74460D10
Key Metrics:
  • Previous Close: $224.00
  • 50 Day Moving Average: $239.13
  • 200 Day Moving Average: $251.80
  • Trailing P/E Ratio: 35.45
  • Foreward P/E Ratio: 21.23
  • P/E Growth: 3.26
  • Market Cap: $38.84B
  • Outstanding Shares: 173,401,000
  • Beta: 0.61
Additional Links:
Companies Related to Public Storage:

Analyst Ratings

Consensus Ratings for Public Storage (NYSE:PSA) (?)
Ratings Breakdown: 3 Sell Ratings, 11 Hold Ratings, 2 Buy Ratings
Consensus Rating:Hold (Score: 1.94)
Consensus Price Target: $239.32 (6.84% upside)

Analysts' Ratings History for Public Storage (NYSE:PSA)
Show:
DateFirmActionRatingPrice TargetDetails
8/26/2016Cantor FitzgeraldReiterated RatingHoldView Rating Details
8/22/2016Evercore ISIUpgradeSell -> Hold$228.00View Rating Details
8/11/2016Bank of America Corp.DowngradeBuy -> NeutralView Rating Details
8/10/2016Jefferies GroupLower Price TargetHold$270.00 -> $245.00View Rating Details
7/15/2016KeyCorpDowngradeSector Weight -> Underweight$230.00View Rating Details
6/22/2016FBR & CoReiterated RatingMarketperform$250.00View Rating Details
5/13/2016Citigroup Inc.Boost Price TargetNeutral$240.00 -> $260.00View Rating Details
5/11/2016Royal Bank Of CanadaBoost Price TargetSector Perform$235.00 -> $243.00View Rating Details
5/2/2016Barclays PLCBoost Price TargetEqual Weight$251.00 -> $253.00View Rating Details
4/25/2016Goldman Sachs Group Inc.DowngradeNeutral -> Sell$244.00View Rating Details
2/18/2016BMO Capital MarketsBoost Price TargetMarket Perform$200.00 -> $235.00View Rating Details
1/27/2016ArgusBoost Price TargetBuy$248.00 -> $275.00View Rating Details
1/7/2016Raymond James Financial Inc.DowngradeOutperform -> Market PerformView Rating Details
1/7/2016Robert W. BairdUpgradeNeutral -> Outperform$272.00View Rating Details
12/17/2015JPMorgan Chase & Co.DowngradeOverweight -> Neutral$243.00View Rating Details
11/10/2015BB&T Corp.Initiated CoverageUnderweight$217.50 -> $217.50View Rating Details
10/16/2015Morgan StanleyBoost Price Target$195.00 -> $225.00View Rating Details
9/8/2015Evercore Partners Inc.Lower Price TargetHold$209.00 -> $204.00View Rating Details
(Data available from 8/29/2014 forward)

Earnings

Earnings History for Public Storage (NYSE:PSA)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/26/2016        
7/28/2016Q216$2.40$2.34$607.28 million$634.20 millionViewN/AView Earnings Details
4/26/2016Q116$2.19$2.10$585.73 million$611.00 millionViewN/AView Earnings Details
2/16/2016Q415$2.42$2.46$581.65 million$503.05 millionViewListenView Earnings Details
10/28/2015Q315$2.26$2.33$568.89 million$511.84 millionViewListenView Earnings Details
7/29/2015Q215$2.14$2.17$544.69 million$592.63 millionViewListenView Earnings Details
4/30/2015Q115$1.95$1.91$530.53 million$569.40 millionViewListenView Earnings Details
2/19/2015Q414$2.19$2.20$528.73 million$467.73 millionViewListenView Earnings Details
10/30/2014Q314$2.05$2.08$517.90 million$475.00 millionViewListenView Earnings Details
7/31/2014Q214$1.96$1.99$198.89 millionViewListenView Earnings Details
5/1/2014Q114$1.86$1.80$488.02 million$519.62 millionViewListenView Earnings Details
2/20/2014Q413$2.02$2.13$475.45 millionViewListenView Earnings Details
11/1/2013Q313$1.88$1.92$474.70 million$441.01 millionViewListenView Earnings Details
8/2/2013Q213$1.77$1.80$452.22 million$485.38 millionViewListenView Earnings Details
5/10/2013Q113$1.61$1.65$429.43 million$409.60 millionViewListenView Earnings Details
2/22/2013$1.78$1.86$459.25 million$405.05 millionViewListenView Earnings Details
11/8/2012Q312$1.68$1.73$434.99 million$440.92 millionViewN/AView Earnings Details
8/2/2012$1.54$1.62ViewN/AView Earnings Details
5/3/2012$1.42$1.35ViewN/AView Earnings Details
11/3/2011$1.44$1.29ViewN/AView Earnings Details
8/4/2011$1.39$1.43ViewN/AView Earnings Details
5/5/2011$1.33$1.48ViewN/AView Earnings Details
2/25/2011$1.37$1.33ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Public Storage (NYSE:PSA)
Current Year EPS Consensus Estimate: $9.65 EPS
Next Year EPS Consensus Estimate: $10.55 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$2.20$2.28$2.24
Q2 20163$2.31$2.42$2.38
Q3 20164$2.49$2.55$2.51
Q4 20164$2.61$2.67$2.64
Q1 20172$2.36$2.48$2.42
Q2 20171$2.58$2.58$2.58
Q3 20172$2.68$2.69$2.69
Q4 20172$2.80$2.82$2.81
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Public Storage (NYSE:PSA)
Annual Dividend:$7.20
Dividend Yield:3.21%
Payout Ratio:113.92% (Based on Trailing 12 Months of Earnings)
74.61% (Based on Current Year Consensus EPS Estimate)
68.25% (Based on Next Year Consensus EPS Estimate)
Dividend Growth:13.90% (3 Year Average)

Dividend History for Public Storage (NYSE:PSA)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/27/2016quarterly$1.803.02%9/12/20169/14/20169/29/2016
4/26/2016quarterly$1.802.9%6/13/20166/15/20166/30/2016
2/18/2016quarterly$1.702.76%3/14/20163/16/20163/31/2016
10/30/2015quarterly$1.702.96%12/11/201512/15/201512/30/2015
7/29/2015quarterly$1.703.31%9/11/20159/15/20159/30/2015
4/30/2015quarterly$1.703.58%6/11/20156/15/20156/30/2015
2/23/2015quarterly$1.402.79%3/12/20153/16/20153/31/2015
10/30/2014quarterly$1.403.04%12/11/201412/15/201412/30/2014
8/4/2014quarterly$1.403.24%9/11/20149/15/20149/30/2014
5/2/2014quarterly$1.403.28%6/11/20146/13/20146/30/2014
2/20/2014quarterly$1.403.36%3/12/20143/14/20143/31/2014
10/31/2013quarterly$1.403.31%12/11/201312/13/201312/30/2013
8/5/2013quarterly$1.253.08%9/11/20139/13/20139/30/2013
5/10/2013quarterly$1.253.04%6/10/20136/12/20136/27/2013
2/22/2013quarterly$1.253.28%3/11/20133/13/20133/28/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Public Storage (NYSE:PSA)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
6/8/2016B Wayne Hughes JrDirectorBuy22,100$252.42$5,578,482.00View SEC Filing  
3/3/2016David F. DollSVPSell20,000$252.25$5,045,000.00View SEC Filing  
12/14/2015John ReyesCFOSell25,000$248.50$6,212,500.00View SEC Filing  
12/11/2015B Wayne Et Al HughesChairmanSell420$241.27$101,333.40View SEC Filing  
8/20/2015David F. DollSVPSell5,000$216.30$1,081,500.00View SEC Filing  
5/22/2015Tamara Hughes GustavsonDirectorSell240,250$196.14$47,122,635.00View SEC Filing  
5/19/2015Tamara Hughes GustavsonDirectorSell159,750$199.12$31,809,420.00View SEC Filing  
3/16/2015Avedick Baruyr PoladianDirectorBuy2,000$189.14$378,280.00View SEC Filing  
3/3/2015Uri P HarkhamDirectorSell5,000$196.81$984,050.00View SEC Filing  
11/11/2014Candace N KrolVPSell15,000$187.78$2,816,700.00View SEC Filing  
8/18/2014David F DollSVPSell17,500$175.58$3,072,650.00View SEC Filing  
8/13/2014Candace N KrolVPSell10,000$175.61$1,756,100.00View SEC Filing  
8/13/2014Ronald P SpogliDirectorSell25,000$175.78$4,394,500.00View SEC Filing  
8/12/2014Candace N KrolVPSell1,900$175.05$332,595.00View SEC Filing  
8/7/2014Candace N KrolVPSell14,282$172.72$2,466,787.04View SEC Filing  
6/13/2014John ReyesCFOSell25,000$169.49$4,237,250.00View SEC Filing  
5/16/2014David DollSVPSell7,436$172.03$1,279,215.08View SEC Filing  
5/13/2014Candace KrolVPSell7,398$173.00$1,279,854.00View SEC Filing  
5/13/2014David DollSVPSell7,564$172.39$1,303,957.96View SEC Filing  
3/14/2014Candace KrolVPSell7,000$168.08$1,176,560.00View SEC Filing  
3/14/2014Ronald Havner, Jr.CEOSell83,000$168.18$13,958,940.00View SEC Filing  
3/14/2014Steven GlickSVPSell10,000$168.17$1,681,700.00View SEC Filing  
3/12/2014John ReyesCFOSell50,000$166.78$8,339,000.00View SEC Filing  
3/11/2014David DollSVPSell50,000$167.70$8,385,000.00View SEC Filing  
3/6/2014Candace KrolVPSell3,802$170.28$647,404.56View SEC Filing  
9/6/2013David F DollSVPSell30,000$153.57$4,607,100.00View SEC Filing  
5/22/2013Candace N KrolVPSell1,800$168.06$302,508.00View SEC Filing  
5/21/2013Shawn WeidmannDirectorSell15,000$167.28$2,509,200.00View SEC Filing  
5/17/2013Candace N KrolVPSell10,000$167.13$1,671,300.00View SEC Filing  
5/14/2013David F DollInsiderSell40,000$164.62$6,584,800.00View SEC Filing  
5/14/2013Gary E PruittDirectorSell28,120$164.90$4,636,988.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Public Storage (NYSE:PSA)
DateHeadline
mysmartrend.com logoSmarTrend Watching for Potential Rebound in Shares of Public Storage After 1.06% Loss (NYSE:PSA)
www.mysmartrend.com - August 26 at 6:38 PM
News IconEarnings Preview: Public Storage (NYSE:PSA) moved down 14 times out of last 26 quarters - The Independent Republic (NYSE:PSA)
theindependentrepublic.com - August 25 at 12:02 PM
News IconPublic Storage (PSA) Upcoming Earnings: What matter for investors? - The Voice Registrar (NYSE:PSA)
voiceregistrar.com - August 25 at 12:02 PM
News IconPublic Storage (NYSE:PSA) from REIT – Industrial – Todays Top Gains (NYSE:PSA)
twincountynews.com - August 24 at 6:41 PM
investopedia.com logo5 Stocks in the New S&P 500 Real Estate Sector (SPG, AMT) (NYSE:PSA)
www.investopedia.com - August 23 at 11:27 AM
seekingalpha.com logoIncome Investors Look Out: Why Preferred Shares Can Be Risky Investments Today (NYSE:PSA)
seekingalpha.com - August 22 at 6:51 PM
mysmartrend.com logoWatch for Public Storage to Potentially Rebound After Falling 1.52% Yesterday (NYSE:PSA)
www.mysmartrend.com - August 19 at 6:52 PM
News IconREIT – Industrial: Public Storage (NYSE:PSA) Position of the day (NYSE:PSA)
twincountynews.com - August 19 at 6:52 PM
News IconIs Public Storage(NYSE: PSA), a large market cap stock a smart buy? - The Daily Leicester (NYSE:PSA)
thedailyleicester.com - August 18 at 9:58 AM
News IconLarge Cap REIT – Industrial: Public Storage (NYSE:PSA) (NYSE:PSA)
twincountynews.com - August 17 at 7:16 PM
News IconTop Gainers of the Day: Public Storage (NYSE:PSA) from REIT – Industrial (NYSE:PSA)
twincountynews.com - August 16 at 7:05 PM
capitalcube.com logoETF’s with exposure to Public Storage : August 16, 2016 (NYSE:PSA)
www.capitalcube.com - August 16 at 7:05 PM
moodys.com logoPublic Storage -- Moody's affirms Public Storage's ratings; stable outlook (NYSE:PSA)
www.moodys.com - August 15 at 7:21 PM
News IconPublic Storage (NYSE:PSA) – Top Stock from Financial Sector - The Daily Leicester (NYSE:PSA)
thedailyleicester.com - August 12 at 10:09 AM
seekingalpha.com logoAnother self-storage downgrade (NYSE:PSA)
seekingalpha.com - August 11 at 7:29 PM
News IconIs Public Storage (NYSE:PSA), a large market cap stock a smart buy? (NYSE:PSA)
twincountynews.com - August 11 at 10:13 AM
forbes.com logoPublic Storage's Preferred Series Y Shares Cross 5.5% Yield Mark (NYSE:PSA)
www.forbes.com - August 9 at 3:14 PM
News IconIs Public Storage (NYSE:PSA), a large market cap stock a smart buy? - Twin County News (NYSE:PSA)
twincountynews.com - August 9 at 10:07 AM
News IconLeading stocks in today’s market: Public Storage (NYSE:PSA) (NYSE:PSA)
twincountynews.com - August 5 at 7:10 PM
biz.yahoo.com logoPUBLIC STORAGE Files SEC form 10-Q, Quarterly Report (NYSE:PSA)
biz.yahoo.com - August 5 at 9:59 AM
News IconUpdate on Public Storage (NYSE:PSA) for the day (NYSE:PSA)
twincountynews.com - August 4 at 7:26 PM
capitalcube.com logoETF’s with exposure to Public Storage : August 4, 2016 (NYSE:PSA)
www.capitalcube.com - August 4 at 7:26 PM
News IconAnalyst Opinion of: Public Storage (NYSE:PSA) - News Oracle (NYSE:PSA)
www.newsoracle.com - August 2 at 7:16 PM
forbes.com logoPublic Storage Enters Oversold Territory - Forbes (NYSE:PSA)
www.forbes.com - August 2 at 7:16 PM
thestreet.com logoWant to Invest in Real Estate? Consider This REIT ETF (NYSE:PSA)
www.thestreet.com - August 2 at 7:16 PM
capitalcube.com logoPublic Storage :PSA-US: Earnings Analysis: Q2, 2016 By the Numbers : August 2, 2016 (NYSE:PSA)
www.capitalcube.com - August 2 at 7:16 PM
forbes.com logoPublic Storage Enters Oversold Territory (NYSE:PSA)
www.forbes.com - August 2 at 11:54 AM
equities.com logoPublic Storage (PSA) is Trading Lower on Unusual Volume for July 28 - Equities.com (NYSE:PSA)
www.equities.com - July 30 at 9:47 AM
seekingalpha.com logoPublic Storage's (PSA) CEO Ron Havner on Q2 2016 Results - Earnings Call Transcript (NYSE:PSA)
seekingalpha.com - July 29 at 7:07 PM
marketnewsvideo.com logoPublic Storage Now #114 Largest Company, Surpassing PNC Financial Services Group (NYSE:PSA)
www.marketnewsvideo.com - July 29 at 7:07 PM
finance.yahoo.com logoPublic Storage (PSA) Q2 FFO, Revenue Miss Estimates - Yahoo Finance (NYSE:PSA)
finance.yahoo.com - July 29 at 9:59 AM
seekingalpha.com logoPublic Storage's (PSA) CEO Ron Havner on Q2 2016 Results - Earnings Call Transcript - Seeking Alpha (NYSE:PSA)
seekingalpha.com - July 28 at 7:12 PM
tradecalls.org logoLaurel Grove Capital buys $3368399 stake in Public Storage (PSA) - Trade Calls (NYSE:PSA)
www.tradecalls.org - July 28 at 7:12 PM
nasdaq.com logoPublic Storage (PSA) Q2 FFO, Revenue Miss Estimates - Nasdaq (NYSE:PSA)
www.nasdaq.com - July 28 at 7:12 PM
biz.yahoo.com logoPUBLIC STORAGE Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits (NYSE:PSA)
biz.yahoo.com - July 28 at 6:05 AM
investopedia.com logoFRESX: Fidelity Real Estate Mutual Fund's Holdings Analysis (NYSE:PSA)
www.investopedia.com - July 27 at 7:21 PM
nasdaq.com logoPublic Storage Bottom Line Advances 9% In Q2 (NYSE:PSA)
www.nasdaq.com - July 27 at 7:21 PM
cnbc.com logoPublic Storage reports 2Q results (NYSE:PSA)
www.cnbc.com - July 27 at 7:21 PM
cnbc.com logoFed statement looms with positive momentum in evidence (NYSE:PSA)
www.cnbc.com - July 27 at 9:59 AM
biz.yahoo.com logoQ2 2016 Public Storage Earnings Release - After Market Close (NYSE:PSA)
biz.yahoo.com - July 27 at 7:07 AM
tradecalls.org logoBarclays Maintains Public Storage to Equalweight with Price Target $254.00 - Trade Calls (NYSE:PSA)
www.tradecalls.org - July 26 at 7:20 PM
nasdaq.com logoWill Public Storage's (PSA) Q2 Hurt Its Stock? - Nasdaq (NYSE:PSA)
www.nasdaq.com - July 25 at 7:05 PM
tradecalls.org logoPublic Storage (PSA) Shares are Up 0.84% - Trade Calls (NYSE:PSA)
www.tradecalls.org - July 25 at 7:05 PM
finance.yahoo.com logoWill Public Storage's (PSA) Q2 Hurt Its Stock? (NYSE:PSA)
finance.yahoo.com - July 25 at 3:19 PM
stocksdaily.net logoPublic Storage (NYSE:PSA): The Buzzing Stock - Stocks Daily (NYSE:PSA)
www.stocksdaily.net - July 23 at 10:48 AM
News IconStock Up Nicely This Week: Public Storage (NYSE:PSA) - TGP (NYSE:PSA)
telanaganapress.com - July 23 at 10:48 AM
News IconFriday Session Wrap-up for Public Storage (NYSE:PSA) - Engelwood Daily (NYSE:PSA)
www.engelwooddaily.com - July 23 at 10:48 AM
tradecalls.org logoBennicas Associates Lowers stake in Public Storage (PSA) - Trade Calls (NYSE:PSA)
www.tradecalls.org - July 23 at 10:48 AM
seekingalpha.com logoPublic Storage Could Be Hurt By A Strong Economy (NYSE:PSA)
seekingalpha.com - July 21 at 7:17 PM
News IconLasalle Investment Management Securities LLC Decreased Stake in Public Storage (NYSE:PSA) by $157.17 Million as ... - Consumer Eagle (NYSE:PSA)
www.consumereagle.com - July 21 at 9:50 AM

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Public Storage (NYSE:PSA) Chart for Monday, August, 29, 2016


Last Updated on 8/29/2016 by MarketBeat.com Staff