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S&P 500   3,818.83
DOW   31,029.31
QQQ   283.80
S&P 500   3,818.83
DOW   31,029.31
QQQ   283.80
S&P 500   3,818.83
DOW   31,029.31
QQQ   283.80
S&P 500   3,818.83
DOW   31,029.31
QQQ   283.80
NYSE:PSA

Public Storage Stock Forecast, Price & News

$311.06
-0.40 (-0.13%)
(As of 06/29/2022 12:00 AM ET)
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Today's Range
$309.08
$313.25
50-Day Range
$297.48
$412.57
52-Week Range
$292.32
$421.76
Volume
595,978 shs
Average Volume
763,015 shs
Market Capitalization
$54.58 billion
P/E Ratio
30.23
Dividend Yield
2.55%
Price Target
$377.64
30 days | 90 days | 365 days | Advanced Chart

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PSA Stock Forecast (MarketRank)

Overall MarketRank

2.57 out of 5 stars

Finance Sector

452nd out of 1,394 stocks

Real Estate Investment Trusts Industry

88th out of 235 stocks

Analyst Opinion: 3.4Community Rank: 3.5Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -
Public Storage logo

About Public Storage (NYSE:PSA)

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 September 30, 2020, we had: (i) interests in 2,504 self-storage facilities located in 38 states with approximately 171 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 239 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 September 30, 2020. Our headquarters are located in Glendale, California.

PSA Stock News Headlines

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Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
Sector
Finance
CUSIP
74460D10
Employees
5,800
Year Founded
1972

Company Calendar

Ex-Dividend for 3/31 Dividend
3/15/2022
Dividend Payable
3/31/2022
Last Earnings
5/03/2022
Ex-Dividend for 6/30 Dividend
6/14/2022
Today
6/29/2022
Dividend Payable
6/30/2022
Next Earnings (Estimated)
8/02/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$377.64
High Stock Price Forecast
$440.00
Low Stock Price Forecast
$298.00
Forecasted Upside/Downside
+21.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.72727272727273
Research Coverage
11 Analysts

Profitability

Net Income
$1.95 billion
Pretax Margin
46.37%

Debt

Sales & Book Value

Annual Sales
$3.42 billion
Cash Flow
$15.08 per share
Book Value
$30.01 per share

Miscellaneous

Free Float
156,161,000
Market Cap
$54.58 billion
Optionable
Optionable
Beta
0.29

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Public Storage Frequently Asked Questions

Should I buy or sell Public Storage stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last twelve months. There are currently 4 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" Public Storage stock.
View analyst ratings for Public Storage
or view top-rated stocks.

What is Public Storage's stock price forecast for 2022?

11 brokers have issued 12-month price objectives for Public Storage's stock. Their PSA stock forecasts range from $298.00 to $440.00. On average, they expect Public Storage's share price to reach $377.64 in the next year. This suggests a possible upside of 21.4% from the stock's current price.
View analysts' price targets for Public Storage
or view top-rated stocks among Wall Street analysts.

How has Public Storage's stock performed in 2022?

Public Storage's stock was trading at $374.56 at the start of the year. Since then, PSA shares have decreased by 17.0% and is now trading at $311.06.
View the best growth stocks for 2022 here
.

When is Public Storage's next earnings date?

Public Storage is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
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 Tuesday, May, 3rd. The real estate investment trust reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.59 by $0.96. The real estate investment trust had revenue of $749.27 million for the quarter, compared to analysts' expectations of $985.58 million. Public Storage had a trailing twelve-month return on equity of 38.01% and a net margin of 54.79%. The company's revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.82 EPS.
View Public Storage's earnings history
.

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

Public Storage declared a quarterly dividend on Thursday, May 5th. Investors of record on Wednesday, June 15th will be paid a dividend of $2.00 per share on Thursday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Tuesday, June 14th.
View Public Storage's dividend history
.

Is Public Storage a good dividend stock?

Public Storage(NYSE:PSA) pays an annual dividend of $8.00 per share and currently has a dividend yield of 2.55%. The dividend payout ratio of Public Storage is 77.75%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Public Storage will have a dividend payout ratio of 47.96% next year. This indicates that Public Storage will be able to sustain or increase its dividend.
View Public Storage's dividend history.

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

Public Storage updated its FY 2022 earnings guidance on Monday, May, 9th. The company provided EPS guidance of $14.75-$15.65 for the period. The company issued revenue guidance of -.

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 62, Pay $2.21M)
  • Mr. H. Thomas Boyle III, Sr. VP & CFO (Age 39, Pay $1.52M)
  • Ms. Natalia N. Johnson, Sr. VP & Chief Admin. Officer (Age 44, Pay $1.09M)
  • Mr. Nathaniel A. Vitan, Sr. VP, Chief Legal Officer & Corp. Sec. (Age 48, Pay $904.1k) (LinkedIn Profile)
  • Mr. David Lee CFE, Chief Operating Officer
  • Mr. Michael Braine, Chief Technology Officer
  • Mr. Ryan C. Burke, VP of Investor Relations
  • David Collins, Head of Marketing & VP
  • Mr. John M. Sambuco, Pres of Asset Management
  • Mr. Steven H. Lentin, Exec. VP of Operations

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

736 employees have rated Public Storage CEO Ronald L. Havner Jr. on Glassdoor.com. Ronald L. Havner Jr. has an approval rating of 66% among Public Storage'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).

What is Public Storage's stock symbol?

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

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Public Storage's stock price today?

One share of PSA stock can currently be purchased for approximately $311.06.

How much money does Public Storage make?

Public Storage (NYSE:PSA) has a market capitalization of $54.58 billion and generates $3.42 billion in revenue each year. The real estate investment trust earns $1.95 billion in net income (profit) each year or $10.289990 on an earnings per share basis.

How many employees does Public Storage have?

Public Storage employs 5,800 workers across the globe.

When was Public Storage founded?

Public Storage was founded in 1972.

How can I contact Public Storage?

Public Storage's mailing address is 701 WESTERN AVENUE, GLENDALE CA, 91201. The official website for Public Storage is www.publicstorage.com. The real estate investment trust can be reached via phone at (818) 244-8080 or via fax at 818-244-9530.

This page (NYSE:PSA) was last updated on 6/30/2022 by MarketBeat.com Staff

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