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NYSE:PSA

Public Storage Stock Forecast, Price & News

$214.64
+1.73 (+0.81 %)
(As of 09/24/2020 12:00 AM ET)
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Today's Range
$213.52
Now: $214.64
$217.69
50-Day Range
$196.08
MA: $210.09
$224.74
52-Week Range
$155.37
Now: $214.64
$249.03
Volume590,629 shs
Average Volume1.04 million shs
Market Capitalization$37.52 billion
P/E Ratio30.66
Dividend Yield3.76%
Beta0.14
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 March 31, 2019, we had: (i) interests in 2,444 self-storage facilities located in 38 states with approximately 164 million net rentable square feet in the United States, (ii) an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR) which owned 231 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the “Shurgard” brand and (iii) an approximate 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB) which owned and operated approximately 28 million rentable square feet of commercial space at March 31, 2019. Our headquarters are located in Glendale, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 0.9Community Rank: 1.8Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.79 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
CUSIP74460D10
Phone818-244-8080

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.85 billion
Cash Flow$11.34 per share
Book Value$28.75 per share

Profitability

Net Income$1.52 billion

Miscellaneous

Employees5,900
Market Cap$37.52 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$214.64
+1.73 (+0.81 %)
(As of 09/24/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Public Storage (NYSE:PSA) Frequently Asked Questions

How has Public Storage's stock been impacted by COVID-19 (Coronavirus)?

Public Storage's stock was trading at $220.44 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, PSA stock has decreased by 2.6% and is now trading at $214.64.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Public Storage?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last year. There are currently 5 sell ratings, 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Public Storage
.

When is Public Storage's next earnings date?

Public Storage is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Public Storage
.

How were Public Storage's earnings last quarter?

Public Storage (NYSE:PSA) announced its quarterly earnings results on Wednesday, August, 5th. The real estate investment trust reported $1.41 EPS for the quarter, missing analysts' consensus estimates of $2.52 by $1.11. The real estate investment trust had revenue of $709.29 million for the quarter, compared to analysts' expectations of $709.42 million. Public Storage had a net margin of 48.65% and a return on equity of 28.12%. Public Storage's revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.64 EPS.
View Public Storage's earnings history
.

How often does Public Storage pay dividends? What is the dividend yield for Public Storage?

Public Storage announced a quarterly dividend on Monday, August 3rd. Stockholders of record on Tuesday, September 15th will be paid a dividend of $2.00 per share on Wednesday, September 30th. This represents a $8.00 annualized dividend and a yield of 3.73%. The ex-dividend date is Monday, September 14th.
View Public Storage's dividend history
.

What price target have analysts set for PSA?

12 Wall Street analysts have issued 1-year target prices for Public Storage's shares. Their forecasts range from $175.00 to $267.00. On average, they anticipate Public Storage's share price to reach $218.92 in the next year. This suggests a possible upside of 2.0% from the stock's current price.
View analysts' price targets for Public Storage
.

Are investors shorting Public Storage?

Public Storage saw a increase in short interest in August. As of August 14th, there was short interest totaling 4,570,000 shares, an increase of 14.3% from the July 30th total of 4,000,000 shares. Based on an average daily volume of 887,000 shares, the short-interest ratio is currently 5.2 days. Currently, 3.0% of the company's shares are short sold.
View Public Storage's Short Interest
.

Who are some of Public Storage's key competitors?

What other stocks do shareholders of Public Storage own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Public Storage investors own include AT&T (T), Verizon Communications (VZ), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Intel (INTC), Pfizer (PFE), Procter & Gamble (PG), AbbVie (ABBV), Walt Disney (DIS) and Ford Motor (F).

Who are Public Storage's key executives?

Public Storage's management team includes the following people:
  • Mr. Joseph D. Russell Jr., CEO, Pres & Trustee (Age 59)
  • Ms. Natalia N. Johnson, Sr. VP & Chief HR Officer (Age 41)
  • Ms. Lily Yan Hughes, Advisor (Age 56)
  • Mr. B. Wayne Hughes Sr., Founder & Chairman Emeritus (Age 85)
  • Mr. H. Thomas Boyle III, CFO & Sr. VP (Age 36)

What is Public Storage's stock symbol?

Public Storage trades on the New York Stock Exchange (NYSE) under the ticker symbol "PSA."

Who are Public Storage's major shareholders?

Public Storage's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.32%), BlackRock Inc. (9.61%), APG Asset Management US Inc. (1.92%), Bank of America Corp DE (1.33%), Sumitomo Mitsui Trust Holdings Inc. (0.98%) and Charles Schwab Investment Management Inc. (0.75%). Company insiders that own Public Storage stock include B Wayne Et Al Hughes, Gary E Pruitt, Lily Yan Hughes, Nathaniel A Vitan, Ronald L Havner Jr, Tamara Hughes Gustavson and Uri P Harkham.
View institutional ownership trends for Public Storage
.

Which institutional investors are selling Public Storage stock?

PSA stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Charles Schwab Investment Management Inc., Goldman Sachs Group Inc., APG Asset Management US Inc., APG Asset Management N.V., Toronto Dominion Bank, Victory Capital Management Inc., and Russell Investments Group Ltd.. Company insiders that have sold Public Storage company stock in the last year include Nathaniel A Vitan, and Uri P Harkham.
View insider buying and selling activity for Public Storage
.

Which institutional investors are buying Public Storage stock?

PSA stock was purchased by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc., TD Asset Management Inc., Bank of America Corp DE, BlackRock Inc., Exencial Wealth Advisors LLC, UBS Group AG, Healthcare of Ontario Pension Plan Trust Fund, and Lasalle Investment Management Securities LLC. Company insiders that have bought Public Storage stock in the last two years include Ronald L Havner Jr, and Tamara Hughes Gustavson.
View insider buying and selling activity for Public Storage
.

How do I buy shares of Public Storage?

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

What is Public Storage's stock price today?

One share of PSA stock can currently be purchased for approximately $214.64.

How big of a company is Public Storage?

Public Storage has a market capitalization of $37.52 billion and generates $2.85 billion in revenue each year. The real estate investment trust earns $1.52 billion in net income (profit) each year or $10.75 on an earnings per share basis. Public Storage employs 5,900 workers across the globe.

What is Public Storage's official website?

The official website for Public Storage is www.publicstorage.com.

How can I contact Public Storage?

Public Storage's mailing address is 701 WESTERN AVENUE, GLENDALE CA, 91201. The real estate investment trust can be reached via phone at 818-244-8080.

This page was last updated on 9/25/2020 by MarketBeat.com Staff

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