Public Storage Stock Forecast, Price & News

+2.72 (+0.92 %)
(As of 06/18/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume2.01 million shs
Average Volume782,737 shs
Market Capitalization$52.21 billion
P/E Ratio44.53
Dividend Yield2.71%
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About Public Storage

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 ÂShurgard 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.


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Industry, Sector and Symbol

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Overall MarketRank

1.57 out of 5 stars

Finance Sector

631st out of 1,969 stocks

Real Estate Investment Trusts Industry

154th out of 275 stocks

Analyst Opinion: 2.1Community Rank: 1.8Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
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Public Storage (NYSE:PSA) Frequently Asked Questions

Is Public Storage a buy right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Public Storage stock. 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 analyst ratings for Public Storage
or view top-rated stocks.

What stocks does MarketBeat like better than Public Storage?

Wall Street analysts have given Public Storage a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Public Storage wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Public Storage's next earnings date?

Public Storage is scheduled to release its next quarterly earnings announcement on Wednesday, August 4th 2021.
View our earnings forecast for Public Storage

How were Public Storage's earnings last quarter?

Public Storage (NYSE:PSA) issued its quarterly earnings results on Wednesday, April, 28th. The real estate investment trust reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.70 by $0.49. The real estate investment trust had revenue of $647.80 million for the quarter, compared to analyst estimates of $753.27 million. Public Storage had a net margin of 43.22% and a trailing twelve-month return on equity of 27.74%. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.58 EPS.
View Public Storage's earnings history

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 (WHO). Since then, PSA stock has increased by 35.3% and is now trading at $298.36.
View which stocks have been most impacted by COVID-19

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

Public Storage declared a quarterly dividend on Wednesday, April 28th. Investors of record on Tuesday, June 15th will be paid a dividend of $2.00 per share on Wednesday, June 30th. This represents a $8.00 annualized dividend and a dividend yield of 2.68%. The ex-dividend date of this dividend is Monday, June 14th.
View Public Storage's dividend history

Is Public Storage a good dividend stock?

Public Storage pays an annual dividend of $8.00 per share and currently has a dividend yield of 2.71%. Public Storage does not yet have a strong track record of dividend growth. The dividend payout ratio of Public Storage is 75.40%. 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 64.99% next year. This indicates that Public Storage will be able to sustain or increase its dividend.
View Public Storage's dividend history.

What price target have analysts set for PSA?

9 brokerages have issued 1-year price objectives for Public Storage's shares. Their forecasts range from $213.00 to $335.00. On average, they expect Public Storage's share price to reach $267.75 in the next year. This suggests that the stock has a possible downside of 10.3%.
View analysts' price targets for Public Storage
or view top-rated stocks among Wall Street analysts.

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 61, Pay $1.35M)
  • Mr. H. Thomas Boyle III, CFO & Sr. VP (Age 38, Pay $1.06M)
  • Ms. Natalia N. Johnson, Sr. VP & Chief Admin. Officer (Age 43, Pay $903.07k)
  • Mr. Nathaniel A. Vitan, Sr. VP, Chief Legal Officer & Corp. Sec. (Age 47, Pay $676.4k)
  • Mr. B. Wayne Hughes Sr., Founder & Chairman Emeritus (Age 87)
  • Mr. Steven H. Lentin, Exec. VP of Operations
  • James J. Shinnick, Exec. VP of Operations
  • Mr. Michael Braine, Chief Technology Officer
  • Mr. Ryan C. Burke, VP of Investor Relations
  • David Collins, Head of Marketing & VP

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.

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), The Procter & Gamble (PG), Walmart (WMT), Ford Motor (F) and The 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."

Who are Public Storage's major shareholders?

Public Storage's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.78%), Cohen & Steers Inc. (6.67%), JPMorgan Chase & Co. (1.96%), Geode Capital Management LLC (1.71%), Northern Trust Corp (1.43%) and Daiwa Securities Group Inc. (1.38%). Company insiders that own Public Storage stock include B Wayne Et Al Hughes, Nathaniel A Vitan, Ronald L Havner Jr, Tamara Hughes Gustavson and Uri P Harkham.
View institutional ownership trends for Public Storage

Which major investors are selling Public Storage stock?

PSA stock was sold by a variety of institutional investors in the last quarter, including Royal Bank of Canada, Renaissance Technologies LLC, Nomura Holdings Inc., Janus Henderson Group PLC, Bessemer Group Inc., Canada Pension Plan Investment Board, Daiwa Securities Group Inc., and JPMorgan Chase & Co.. 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
or view top insider-selling stocks.

Which major investors are buying Public Storage stock?

PSA stock was acquired by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., Heitman Real Estate Securities LLC, Citigroup Inc., Lasalle Investment Management Securities LLC, Diamond Hill Capital Management Inc., Geode Capital Management LLC, Ameriprise Financial Inc., and Sumitomo Mitsui Trust Holdings Inc.. 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
or or view top insider-buying stocks.

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 $298.36.

How much money does Public Storage make?

Public Storage has a market capitalization of $52.21 billion and generates $2.92 billion in revenue each year. The real estate investment trust earns $1.36 billion in net income (profit) each year or $10.61 on an earnings per share basis.

How many employees does Public Storage have?

Public Storage employs 5,400 workers across the globe.

When was Public Storage founded?

Public Storage was founded in 1972.

What is Public Storage's official website?

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

Where are Public Storage's headquarters?

Public Storage is headquartered at 701 WESTERN AVENUE, GLENDALE CA, 91201.

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 6/19/2021 by MarketBeat.com Staff
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