S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
Critical asset just had biggest fall on record (Ad)
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
Critical asset just had biggest fall on record (Ad)
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
Critical asset just had biggest fall on record (Ad)
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
South Korean doctors hold massive anti-government rally over medical school recruitment plan
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
Nobel laureate Muhammad Yunus is granted bail in a Bangladesh graft case
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Former Bank of Beijing chairman under investigation, part of China's crackdown on corruption
Critical asset just had biggest fall on record (Ad)
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Trader Joe's chicken soup dumplings recalled for possibly containing permanent marker plastic
NYSE:PSA

Public Storage (PSA) Stock Price, News & Analysis

$283.24
-0.63 (-0.22%)
(As of 03/1/2024 ET)
Today's Range
$279.56
$284.87
50-Day Range
$274.16
$311.84
52-Week Range
$233.18
$316.48
Volume
904,463 shs
Average Volume
733,120 shs
Market Capitalization
$49.76 billion
P/E Ratio
25.61
Dividend Yield
4.24%
Price Target
$293.00

Public Storage MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
3.4% Upside
$293.00 Price Target
Short Interest
Bearish
2.17% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.53
Upright™ Environmental Score
News Sentiment
0.93mentions of Public Storage in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$13.87 M Sold Last Quarter
Proj. Earnings Growth
4.25%
From $16.94 to $17.66 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.61 out of 5 stars

Finance Sector

142nd out of 871 stocks

Real Estate Investment Trusts Industry

23rd out of 181 stocks


PSA stock logo

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

PSA Stock News Headlines

What are specialty REITs? How to invest in them (PSA)
What are specialty REITs? They are real estate investment trusts that may not fit in with other sectors. Learn more about specialty REITs.
Foolproof Your Portfolio With These 3 REITs
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Analyzing Public Storage (NYSE:PSA) and Equinix (NASDAQ:EQIX)
Public Storage Declares First Quarter 2024 Dividends
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Q4 2023 Public Storage Earnings Call
Public Storage (NYSE:PSA) Q4 2023 Earnings Call Transcript
7 Ways to Invest in AI Smart Home Devices
Decoding Public Storage (PSA): A Strategic SWOT Insight
Public Storage Q4 FFO Increases
Public Storage: The Self-Storage Glut Is Coming In 2024
PSA Mar 2024 155.000 put
PSA Mar 2024 250.000 call
Public Storage Q4 2023 Earnings Preview
7 Unconventional Investments to Shake Up Your Portfolio
See More Headlines
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Company Calendar

Ex-Dividend for 12/28 Dividend
12/12/2023
Dividend Payable
12/28/2023
Last Earnings
2/20/2024
Today
3/03/2024
Ex-Dividend for 3/28 Dividend
3/12/2024
Dividend Payable
3/28/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
CUSIP
74460D10
Employees
6,200
Year Founded
1972

Price Target and Rating

Average Stock Price Target
$293.00
High Stock Price Target
$340.00
Low Stock Price Target
$250.00
Potential Upside/Downside
+3.4%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
9 Analysts

Profitability

Net Income
$2.15 billion
Pretax Margin
48.05%

Debt

Sales & Book Value

Annual Sales
$4.52 billion
Cash Flow
$17.75 per share
Book Value
$32.77 per share

Miscellaneous

Free Float
156,365,000
Market Cap
$49.76 billion
Optionable
Optionable
Beta
0.54

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Should I Buy Public Storage Stock? PSA Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Public Storage was last updated on Sunday, March 3, 2024 at 1:24 AM.

Pros

Here are some ways that investors could benefit from investing in Public Storage:

  • Public Storage is a member of the S&P 500 and FT Global 500, indicating its strong presence in the market.
  • With approximately 15 million net rentable square feet operated under the Shurgard brand, Public Storage has a significant market share in the self-storage industry.
  • Recent financial data shows a positive Return on Equity, indicating the company's ability to generate profit from shareholders' equity.
  • Public Storage has a low Debt-to-Equity ratio, which signifies a healthy balance between debt and equity in the company's capital structure.
  • Investors can benefit from Public Storage's consistent dividend payments, as indicated by the Annual Dividend data.

Cons

Investors should be bearish about investing in Public Storage for these reasons:

  • The current stock price of Public Storage may not be favorable for short-term gains, as indicated by the Current Price data.
  • Public Storage's Forward P/E ratio may suggest that the stock is currently overvalued compared to its future earnings potential.
  • With a relatively low Dividend Yield, investors seeking high dividend returns may find other investment options more attractive.
  • Public Storage's Net Margins may be lower compared to industry peers, indicating potential challenges in profitability.
  • Investors should consider the company's Beta and Relative Strength Index for risk assessment and market performance comparison.














PSA Stock Analysis - Frequently Asked Questions

Should I buy or sell Public Storage stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last year. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PSA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PSA, but not buy additional shares or sell existing shares.
View PSA analyst ratings
or view top-rated stocks.

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

9 Wall Street research analysts have issued 1 year target prices for Public Storage's stock. Their PSA share price targets range from $250.00 to $340.00. On average, they anticipate the company's stock price to reach $293.00 in the next year. This suggests a possible upside of 3.4% 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 2024?

Public Storage's stock was trading at $305.00 at the beginning of the year. Since then, PSA shares have decreased by 7.1% and is now trading at $283.24.
View the best growth stocks for 2024 here
.

When is Public Storage's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our PSA earnings forecast
.

How were Public Storage's earnings last quarter?

Public Storage (NYSE:PSA) released its earnings results on Tuesday, February, 20th. The real estate investment trust reported $2.21 earnings per share for the quarter, missing the consensus estimate of $4.15 by $1.94. The real estate investment trust earned $1.16 billion during the quarter, compared to the consensus estimate of $1.14 billion. Public Storage had a trailing twelve-month return on equity of 35.31% and a net margin of 45.34%. Public Storage's revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.16 earnings per share.
Read the conference call transcript
.

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

Public Storage announced a quarterly dividend on Friday, February 23rd. Stockholders of record on Wednesday, March 13th will be paid a dividend of $3.00 per share on Thursday, March 28th. This represents a $12.00 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend is Tuesday, March 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 4.24%. 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 108.50%. 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 67.95% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PSA.

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

Public Storage updated its FY 2024 earnings guidance on Tuesday, February, 20th. The company provided EPS guidance of 16.600-17.200 for the period, compared to the consensus EPS estimate of 16.990. 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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.79%), Price T Rowe Associates Inc. MD (2.96%), Capital International Investors (1.85%), Norges Bank (1.53%), Charles Schwab Investment Management Inc. (1.53%) and Legal & General Group Plc (1.49%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PSA) was last updated on 3/3/2024 by MarketBeat.com Staff