Should I buy or sell Public Storage stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PSA shares. View PSA analyst ratings or view top-rated stocks .

What is Public Storage's stock price target for 2024?

8 Wall Street research analysts have issued 1 year target prices for Public Storage's shares. Their PSA share price targets range from $250.00 to $340.00. On average, they predict the company's stock price to reach $295.71 in the next twelve months. This suggests a possible upside of 8.3% from the stock's current price. View analysts price targets for PSA or view top-rated stocks among Wall Street analysts .

How have PSA shares performed in 2023?

Public Storage's stock was trading at $280.19 at the start of the year. Since then, PSA shares have decreased by 2.5% and is now trading at $273.09. View the best growth stocks for 2023 here .

When is Public Storage's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024. View our PSA earnings forecast .

How were Public Storage's earnings last quarter?

Public Storage (NYSE:PSA) posted its quarterly earnings results on Monday, October, 30th. The real estate investment trust reported $3.20 EPS for the quarter, missing the consensus estimate of $4.21 by $1.01. The real estate investment trust earned $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Public Storage had a trailing twelve-month return on equity of 34.76% and a net margin of 45.46%. The firm's quarterly revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business earned $4.13 EPS. Read the conference call transcript .

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

Public Storage declared a quarterly dividend on Wednesday, November 8th. Investors of record on Wednesday, December 13th will be paid a dividend of $3.00 per share on Thursday, December 28th. This represents a $12.00 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Tuesday, December 12th. Read our dividend analysis for PSA .

Is Public Storage a good dividend stock?

Public Storage (NYSE:PSA) pays an annual dividend of $12.00 per share and currently has a dividend yield of 4.51%. PSA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 109.99%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PSA will have a dividend payout ratio of 70.30% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for PSA .

What ETFs hold Public Storage's stock?

ETFs with the largest weight of Public Storage (NYSE:PSA) stock in their portfolio include Pacer Industrial Real Estate ETF (INDS) , SP Funds S&P Global REIT Sharia ETF (SPRE) , iShares Residential and Multisector Real Estate ETF (REZ) , ETFB Green SRI REITs ETF (RITA) , ALPS Active REIT ETF (REIT) , iShares Cohen & Steers REIT ETF (ICF) , iShares US Credit Bond ETF (CRED) and FlexShares Global Quality Real Estate Index Fund (GQRE) .

What guidance has Public Storage issued on next quarter's earnings?

Public Storage updated its FY 2023 earnings guidance on Monday, October, 30th. The company provided earnings per share guidance of $16.60-$16.85 for the period, compared to the consensus EPS estimate of $16.70. The company issued revenue guidance of -.

What is Ronald L. Havner Jr.'s approval rating as Public Storage's CEO?

736 employees have rated Public Storage Chief Executive Officer Ronald L. Havner Jr. on Glassdoor.com . Ronald L. Havner Jr. has an approval rating of 66% among the company's employees.

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) , Walmart (WMT) , Ford Motor (F) and Walt Disney (DIS) .

Who are Public Storage's major shareholders?

Public Storage's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Wellington Management Group LLP (2.41%), JPMorgan Chase & Co. (1.80%), Charles Schwab Investment Management Inc. (1.41%), Northern Trust Corp (1.31%), Legal & General Group Plc (1.31%) and Morgan Stanley (0.96%). Insiders that own company stock include Avedick Baruyr Poladian, Heisz Leslie Stone , John Reyes , Joseph D Russell Jr , Nathaniel A Vitan, Nathaniel A Vitan , Rebecca L Owen and Tamara Hughes Gustavson . 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 WeBull , Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here .

Public Storage Stock Price, News & Analysis (NYSE:PSA)

$273.09

+3.43 (+1.27%)

(As of 12/7/2023 ET)

Compare

Today's Range: $269.05
▼
$274.56
50-Day Range: $237.99
▼
$275.90
52-Week Range: $233.18
▼
$316.48

Volume: 983,846 shs
Average Volume: 951,987 shs
Market Capitalization: $48.02 billion

P/E Ratio: 25.03
Dividend Yield: 4.39%
Price Target: $295.71

Public Storage MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.63 Rating Score
Upside/Downside: 8.3% Upside
$295.71 Price Target
Short Interest: Healthy
2.95% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.53
Upright™ Environmental Score
News Sentiment: 0.65
Based on 12 Articles This Week
Insider Trading: Selling Shares
$1.39 M Sold Last Quarter
Proj. Earnings Growth: 1.73%
From $16.78 to $17.07 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.72 out of 5 stars

Finance Sector

80th out of 694 stocks

Real Estate Investment Trusts Industry

12th out of 144 stocks

2.3

Analyst's Opinion

Consensus Rating
Public Storage has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $295.71, Public Storage has a forecasted upside of 8.3% from its current price of $273.09.
Amount of Analyst Coverage
Public Storage has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
2.95% 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 5.5.
Change versus previous month
Short interest in Public Storage has recently decreased by 6.05%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Leadership
Public Storage is a leading dividend payer. It pays a dividend yield of 4.51%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Public Storage has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Public Storage is 109.99%. 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 70.30% next year. This indicates that Public Storage will be able to sustain or increase its dividend.

4.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Public Storage has received a 58.13% net impact score from Upright. Public Storage seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is driven by its "Storage unit leasing services" product. See details.
Environmental Sustainability
The Environmental Impact score for Public Storage is -0.53.

2.6

News and Social Media Coverage

News Sentiment
Public Storage has a news sentiment score of 0.65. 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 news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for Public Storage this week, compared to 7 articles on an average week.
Search Interest
Only 16 people have searched for PSA on MarketBeat in the last 30 days. This is a decrease of -27% compared to the previous 30 days.
MarketBeat Follows
11 people have added Public Storage to their MarketBeat watchlist in the last 30 days. This is an increase of 175% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Public Storage insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,394,898.00 in company stock.
Percentage Held by Insiders
10.90% 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
78.75% of the stock of Public Storage is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Public Storage are expected to grow by 1.73% in the coming year, from $16.78 to $17.07 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Public Storage is 25.03, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.56.
Price to Earnings Ratio vs. Sector
The P/E ratio of Public Storage is 25.03, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 53.96.
Price to Earnings Growth Ratio
Public Storage has a PEG Ratio of 3.72. 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 8.23. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Public Storage Stock (NYSE:PSA)

Public Storage is a REIT focused on acquiring, developing, owning, and operating self-storage facilities in the US and Europe. The company is a member of the S&P 500 and the FT Global 500 and is the world’s 4th largest REIT by market cap. Along with its holdings of self-storage facilities, the company owns a 42% stake in business park company PS Business Parks and is also in business selling packing and storage supplies. The company is headquartered in Glendale California.

The company was founded in 1972 by B. Wayne Hughes and Kenneth Polk who used the leverage of investments from RELPs to grow the business. The original plan was to use the storage warehouses as a means of generating income until the properties were more valuable. The surprise is that demand for storage space was high and led to unexpected profitability.

The company has more than 1,000 locations by 1989 and then, in 1995, it transformed itself into a publicly traded REIT. The transformation was spurred by tax changes that made RELPs obsolete. The transformation was done via a merger with Storage Equities which gave up its name in favor of Public Storage. The company grew again with the acquisition of Shurgard in 2006 but it has since been spun off as its own publicly traded company. Public Storage retains 36% ownership in Shurgard.

As of September 2022, the company owned and operated 2,807 self-storage facilities in 39 states. The total area of rental space exceeded 2 million square feet serving nearly 2 million customers and generating close to $3.5 billion in annual revenues. Shurgard lays claim to another 239 facilities in the EU which amounts to another 13 minion square feet of storage space. PS Business Parks, Inc, which trades under the ticker (NYSE: PSB) owns and operates 28 million square feet of commercial space.

Advantages of Public Storage include scale, leverage, and the balance sheet. The company’s size and scale mean that more than half the US population lives within driving distance of a Public Storage facility. The company gives leverage through its three-pronged acquisition, development, and redevelopment strategy which are all supported by the balance sheet. The company’s balance sheet is set up for growth and is able to self-fund most new projects.

PSA Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PSA Stock News Headlines

December 7, 2023 | benzinga.com

Monday Is Your Last Chance To Buy Public Storage Before The Dividend Payout

December 5, 2023 | seekingalpha.com

Public Storage: 4.5% Yield, A-Rated Debt, And Strong Annual Total Return Potential

December 8, 2023 | Financial Alphas (Ad)

Recent Reports Are A Wake-Up Call For Investors

As the demand for lithium, an essential element to the energy revolution, increases globally, researchers are projecting a supply deficit as early as 2025. This has sparked a worldwide "gold rush" to find and develop new sources of this critical metal. Savvy investors are paying attention as mining companies race to meet this critical deadline.

December 4, 2023 | americanbankingnews.com

Public Storage (NYSE:PSA) to Post Q1 2024 Earnings of $4.14 Per Share, KeyCorp Forecasts

December 3, 2023 | msn.com

Carroll County PSA advises residents to boil water following tank leak

November 28, 2023 | americanbankingnews.com

Public Storage (NYSE:PSA) Price Target Increased to $271.00 by Analysts at Evercore ISI

November 16, 2023 | finance.yahoo.com

Public Storage: Lower occupancy and higher marketing costs in 3Q

November 11, 2023 | barrons.com

Public Storage Dep. Pfd. (Rep. 1/1000th Pfd. SBI Series R)

December 8, 2023 | DTI Trader (Ad)

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All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.

November 10, 2023 | seekingalpha.com

Public Storage: Back In The Buy Zone

November 8, 2023 | finance.yahoo.com

Public Storage Declares Fourth Quarter 2023 Dividends

November 7, 2023 | bizjournals.com

Pair of 5-story self-storage buildings planned in Miami-Dade as part of expansion

November 3, 2023 | seekingalpha.com

Public Storage: The Preferred Dividends Are Well Covered

November 1, 2023 | msn.com

Truist Securities Reiterates Public Storage. (PSA) Buy Recommendation

November 1, 2023 | finance.yahoo.com

Q3 2023 Public Storage Earnings Call

November 1, 2023 | finance.yahoo.com

Public Storage (NYSE:PSA) Q3 2023 Earnings Call Transcript

October 31, 2023 | markets.businessinsider.com

Public Storage Q3 Profit Down

October 31, 2023 | msn.com

Public Storage boosts core FFO year guidance after Q3 beat

October 31, 2023 | fool.com

CarParts.com (PRTS) Q3 2023 Earnings Call Transcript

October 31, 2023 | finance.yahoo.com

The Public Storage (PSA) Company: A Short SWOT Analysis