Public Storage Company Profile (NYSE:PSA)

About Public Storage (NYSE:PSA)

Public Storage logoPublic Storage is a real estate investment trust (REIT). The Company's principal business activities include the ownership and operation of self-storage facilities, which offer storage spaces for lease, generally on a month-to-month basis, for personal and business use, ancillary activities, such as merchandise sales and tenant reinsurance to the tenants at its self-storage facilities, as well as the acquisition and development of additional self-storage space. The Company's segments include Self-Storage Operations, Ancillary Operations, Investment in PS Business Parks, Inc. (PSB) and Investment in Shurgard Europe. As of December 31, 2016, the Company had direct and indirect equity interests in 2,348 self-storage facilities (with approximately 154 million net rentable square feet) located in 38 states in the United States operating under the Public Storage name.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Self-Storage REITs
  • Sub-Industry: Specialized REITs
  • Symbol: NYSE:PSA
  • CUSIP: 74460D10
  • Web: www.publicstorage.com
Capitalization:
  • Market Cap: $37.42609 billion
  • Outstanding Shares: 174,002,000
Average Prices:
  • 50 Day Moving Avg: $213.55
  • 200 Day Moving Avg: $211.24
  • 52 Week Range: $192.15 - $232.21
P/E:
  • Trailing P/E Ratio: 30.68
  • Foreward P/E Ratio: 20.22
  • P/E Growth: 5.74
Sales & Book Value:
  • Annual Revenue: $2.7 billion
  • Price / Sales: 13.86
  • Book Value: $28.51 per share
  • Price / Book: 7.54
Dividend:
  • Annual Dividend: $8.00
  • Dividend Yield: 3.7%
Profitability:
  • EBITDA: $1.93 billion
  • Net Margins: 53.35%
  • Return on Equity: 27.80%
  • Return on Assets: 13.85%
Debt:
  • Debt-to-Equity Ratio: 0.08%
  • Current Ratio: 1.11%
  • Quick Ratio: 1.11%
Misc:
  • Average Volume: 830,252 shs.
  • Beta: 0.44
  • Short Ratio: 7.42
 

Frequently Asked Questions for Public Storage (NYSE:PSA)

What is Public Storage's stock symbol?

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

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

Public Storage announced a quarterly dividend on Wednesday, July 26th. Investors of record on Wednesday, September 13th will be paid a dividend of $2.00 per share on Thursday, September 28th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date is Tuesday, September 12th. View Public Storage's Dividend History.

How were Public Storage's earnings last quarter?

Public Storage (NYSE:PSA) released its quarterly earnings data on Wednesday, July, 26th. The company reported $1.59 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $2.54 by $0.95. The business earned $624.20 million during the quarter, compared to the consensus estimate of $626.27 million. Public Storage had a return on equity of 27.80% and a net margin of 53.35%. The company's revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the business earned $2.40 EPS. View Public Storage's Earnings History.

When will Public Storage make its next earnings announcement?

Public Storage is scheduled to release their next quarterly earnings announcement on Wednesday, October, 25th 2017. View Earnings Estimates for Public Storage.

Where is Public Storage's stock going? Where will Public Storage's stock price be in 2017?

11 analysts have issued 1 year price objectives for Public Storage's shares. Their forecasts range from $184.00 to $250.00. On average, they anticipate Public Storage's share price to reach $214.73 in the next year. View Analyst Ratings for Public Storage.

Who are some of Public Storage's key competitors?

Who are Public Storage's key executives?

Public Storage's management team includes the folowing people:

  • Ronald L. Havner Jr., Chairman of the Board of Trustees, Chief Executive Officer
  • Joseph Darryl Russell Jr., President
  • Edward John Reyes, Chief Financial Officer, Senior Vice President
  • Lily Yan Hughes, Senior Vice President, Chief Legal Officer, Corporate Secretary
  • Gary E. Pruitt, Lead Independent Trustee
  • Tamara Hughes Gustavson, Trustee
  • Uri P. Harkham, Independent Trustee
  • Leslie Stone Heisz, Independent Trustee
  • B. Wayne Hughes Jr., Trustee

Who owns Public Storage stock?

Public Storage's stock is owned by many different of institutional and retail investors. Top institutional shareholders include PGGM Investments (0.85%), Shell Asset Management Co. (0.09%), Sabal Trust CO (0.06%), APG Asset Management N.V. (0.06%), State Treasurer State of Michigan (0.03%) and Oakbrook Investments LLC (0.00%). Company insiders that own Public Storage stock include B Wayne Et Al Hughes, B Wayne Hughes Jr, David F Doll, Gary E Pruitt, John Reyes, Lily Yan Hughes, Ronald L Havner, Jr, Ronald P Spogli and Tamara Hughes Gustavson. View Institutional Ownership Trends for Public Storage.

Who sold Public Storage stock? Who is selling Public Storage stock?

Public Storage's stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., State Treasurer State of Michigan, Robeco Institutional Asset Management B.V., Founders Capital Management and Assenagon Asset Management S.A.. Company insiders that have sold Public Storage stock in the last year include David F Doll, Gary E Pruitt, John Reyes, Lily Yan Hughes and Ronald L Havner, Jr. View Insider Buying and Selling for Public Storage.

Who bought Public Storage stock? Who is buying Public Storage stock?

Public Storage's stock was bought by a variety of institutional investors in the last quarter, including Sabal Trust CO, Shell Asset Management Co., PGGM Investments, Curbstone Financial Management Corp, Fulton Bank N.A., Fisher Asset Management LLC and Oakbrook Investments LLC. Company insiders that have bought Public Storage stock in the last two years include B Wayne Hughes Jr, Ronald P Spogli and Tamara Hughes Gustavson. View Insider Buying and Selling for Public Storage.

How do I buy Public Storage stock?

Shares of Public Storage can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Public Storage's stock price today?

One share of Public Storage stock can currently be purchased for approximately $215.09.


MarketBeat Community Rating for Public Storage (NYSE PSA)
Community Ranking:  1.5 out of 5 (star half star)
Outperform Votes:  214 (Vote Outperform)
Underperform Votes:  481 (Vote Underperform)
Total Votes:  695
MarketBeat's community ratings are surveys of what our community members think about Public Storage and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Public Storage (NYSE:PSA) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Sell Ratings, 7 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 1.82)
Consensus Price Target: $214.73 (0.17% downside)
Consensus Price Target History for Public Storage (NYSE:PSA)
Price Target History for Public Storage (NYSE:PSA)
Analysts' Ratings History for Public Storage (NYSE:PSA)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/19/2017Barclays PLCReiterated RatingHold$207.00N/AView Rating Details
9/14/2017Evercore ISIReiterated RatingUnderperform$197.00 -> $204.00LowView Rating Details
9/13/2017KeyCorpReiterated RatingSell$184.00LowView Rating Details
9/11/2017BMO Capital MarketsInitiated CoverageUnderperform$193.00MediumView Rating Details
8/17/2017Jefferies Group LLCSet Price TargetHold$223.00 -> $210.00LowView Rating Details
8/1/2017ArgusLower Price TargetBuy$260.00 -> $250.00LowView Rating Details
7/20/2017Bank of America CorporationLower Price TargetNeutral$222.00 -> $218.00LowView Rating Details
5/22/2017Cantor FitzgeraldLower Price TargetNeutral$222.00 -> $216.00LowView Rating Details
1/5/2017Robert W. BairdDowngradeOutperform -> Neutral$248.00 -> $235.00N/AView Rating Details
10/31/2016Goldman Sachs Group, Inc. (The)UpgradeSell -> Neutral$210.00 -> $220.00N/AView Rating Details
10/27/2016FBR & CoLower Price TargetMarket Perform$250.00 -> $225.00N/AView Rating Details
5/13/2016Citigroup Inc.Boost Price TargetNeutral$240.00 -> $260.00N/AView Rating Details
5/11/2016Royal Bank Of CanadaBoost Price TargetSector Perform$235.00 -> $243.00N/AView Rating Details
1/7/2016Raymond James Financial, Inc.DowngradeOutperform -> Market PerformN/AView Rating Details
12/17/2015J P Morgan Chase & CoDowngradeOverweight -> Neutral$243.00N/AView Rating Details
11/10/2015BB&T CorporationInitiated CoverageUnderweight$217.50 -> $217.50N/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for Public Storage (NYSE:PSA)
Earnings by Quarter for Public Storage (NYSE:PSA)
Earnings History by Quarter for Public Storage (NYSE PSA)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/25/2017$1.89N/AView Earnings Details
7/26/2017Q2 2017$2.54$1.59$626.27 million$624.20 millionViewN/AView Earnings Details
4/26/2017Q1 2017$2.42$2.37$615.23 million$645.55 millionViewN/AView Earnings Details
10/26/2016Q316$2.51$2.51$624.13 million$663.15 millionViewN/AView Earnings Details
7/28/2016Q216$2.40$2.34$607.28 million$634.20 millionViewN/AView Earnings Details
4/26/2016Q116$2.19$2.10$585.73 million$611.00 millionViewN/AView Earnings Details
2/16/2016Q415$2.42$2.46$581.65 million$503.05 millionViewListenView Earnings Details
10/28/2015Q315$2.26$2.33$568.89 million$511.84 millionViewListenView Earnings Details
7/29/2015Q215$2.14$2.17$544.69 million$592.63 millionViewListenView Earnings Details
4/30/2015Q115$1.95$1.91$530.53 million$569.40 millionViewListenView Earnings Details
2/19/2015Q414$2.19$2.20$528.73 million$467.73 millionViewListenView Earnings Details
10/30/2014Q314$2.05$2.08$517.90 million$475.00 millionViewListenView Earnings Details
7/31/2014Q214$1.96$1.99$198.89 million$538.04 millionViewListenView Earnings Details
5/1/2014Q114$1.86$1.80$488.02 million$519.62 millionViewListenView Earnings Details
2/20/2014Q413$2.02$2.13$475.45 millionViewListenView Earnings Details
11/1/2013Q313$1.88$1.92$474.70 million$441.01 millionViewListenView Earnings Details
8/2/2013Q213$1.77$1.80$452.22 million$485.38 millionViewListenView Earnings Details
5/10/2013Q113$1.61$1.65$429.43 million$409.60 millionViewListenView Earnings Details
2/22/2013$1.78$1.86$459.25 million$405.05 millionViewListenView Earnings Details
11/8/2012Q312$1.68$1.73$434.99 million$440.92 millionViewN/AView Earnings Details
8/2/2012$1.54$1.62ViewN/AView Earnings Details
5/3/2012$1.42$1.35ViewN/AView Earnings Details
11/3/2011$1.44$1.29ViewN/AView Earnings Details
8/4/2011$1.39$1.43ViewN/AView Earnings Details
5/5/2011$1.33$1.48ViewN/AView Earnings Details
2/25/2011$1.37$1.33ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Public Storage (NYSE:PSA)
2017 EPS Consensus Estimate: $10.32
2018 EPS Consensus Estimate: $10.63
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20174$2.41$2.49$2.44
Q2 20174$2.53$2.67$2.58
Q3 20174$2.56$2.64$2.60
Q4 20174$2.61$2.78$2.71
Q1 20182$2.44$2.61$2.53
Q2 20182$2.57$2.73$2.65
Q3 20182$2.60$2.72$2.66
Q4 20182$2.70$2.88$2.79
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Public Storage (NYSE:PSA)
Most Recent Dividend:9/28/2017
Annual Dividend:$8.00
Dividend Yield:3.72%
Dividend Growth:12.30% (3 Year Average)
Payout Ratio:113.96% (Trailing 12 Months of Earnings)
78.20% (Based on This Year's Estimates)
75.19% (Based on Next Year's Estimates)
Track Record:7 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Public Storage (NYSE:PSA)

Dividend History by Quarter for Public Storage (NYSE PSA)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/26/2017quarterly$2.004.03%9/12/20179/13/20179/28/2017
4/26/2017quarterly$2.003.76%6/12/20176/14/20176/29/2017
2/22/2017quarterly$2.003.5%3/13/20173/15/20173/30/2017
10/26/2016quarterly$2.003.85%12/12/201612/14/201612/29/2016
7/27/2016quarterly$1.803.02%9/12/20169/14/20169/29/2016
4/26/2016quarterly$1.802.9%6/13/20166/15/20166/30/2016
2/18/2016quarterly$1.702.76%3/14/20163/16/20163/31/2016
10/30/2015quarterly$1.702.96%12/11/201512/15/201512/30/2015
7/29/2015quarterly$1.703.31%9/11/20159/15/20159/30/2015
4/30/2015quarterly$1.703.58%6/11/20156/15/20156/30/2015
2/23/2015quarterly$1.402.79%3/12/20153/16/20153/31/2015
10/30/2014quarterly$1.403.04%12/11/201412/15/201412/30/2014
8/4/2014quarterly$1.403.24%9/11/20149/15/20149/30/2014
5/2/2014quarterly$1.403.28%6/11/20146/13/20146/30/2014
2/20/2014quarterly$1.403.36%3/12/20143/14/20143/31/2014
10/31/2013quarterly$1.403.31%12/11/201312/13/201312/30/2013
8/5/2013quarterly$1.253.08%9/11/20139/13/20139/30/2013
5/10/2013quarterly$1.253.04%6/10/20136/12/20136/27/2013
2/22/2013quarterly$1.253.28%3/11/20133/13/20133/28/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Public Storage (NYSE:PSA)
Insider Ownership Percentage: 14.42%
Institutional Ownership Percentage: 80.04%
Insider Trades by Quarter for Public Storage (NYSE:PSA)
Institutional Ownership by Quarter for Public Storage (NYSE:PSA)
Insider Trades by Quarter for Public Storage (NYSE:PSA)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/3/2017Ronald P SpogliDirectorBuy2,000$200.59$401,180.00View SEC Filing  
6/13/2017John ReyesInsiderSell60,000$207.11$12,426,600.00View SEC Filing  
5/12/2017John ReyesInsiderSell65,000$208.44$13,548,600.00View SEC Filing  
3/14/2017Ronald L. Havner, Jr.CEOSell83,000$219.52$18,220,160.00View SEC Filing  
3/8/2017John ReyesInsiderSell65,000$225.09$14,630,850.00View SEC Filing  
3/7/2017Gary E PruittDirectorSell5,000$227.48$1,137,400.00View SEC Filing  
3/6/2017Lily Yan HughesSVPSell658$227.76$149,866.08View SEC Filing  
3/3/2017David F. DollInsiderSell20,000$225.34$4,506,800.00View SEC Filing  
12/14/2016John ReyesInsiderSell50,000$215.42$10,771,000.00View SEC Filing  
11/11/2016Tamara Hughes GustavsonDirectorBuy69,763$214.98$14,997,649.74View SEC Filing  
11/10/2016John ReyesInsiderSell60,000$216.32$12,979,200.00View SEC Filing  
9/14/2016John ReyesInsiderSell30,000$215.41$6,462,300.00View SEC Filing  
6/8/2016B Wayne Hughes JrDirectorBuy22,100$252.42$5,578,482.00View SEC Filing  
3/3/2016David F. DollSVPSell20,000$252.25$5,045,000.00View SEC Filing  
12/14/2015John ReyesCFOSell25,000$248.50$6,212,500.00View SEC Filing  
12/11/2015B Wayne Et Al HughesChairmanSell420$241.27$101,333.40View SEC Filing  
8/20/2015David F. DollSVPSell5,000$216.30$1,081,500.00View SEC Filing  
5/22/2015Tamara Hughes GustavsonDirectorSell240,250$196.14$47,122,635.00View SEC Filing  
5/19/2015Tamara Hughes GustavsonDirectorSell159,750$199.12$31,809,420.00View SEC Filing  
3/16/2015Avedick Baruyr PoladianDirectorBuy2,000$189.14$378,280.00View SEC Filing  
3/3/2015Uri P HarkhamDirectorSell5,000$196.81$984,050.00View SEC Filing  
11/11/2014Candace N KrolVPSell15,000$187.78$2,816,700.00View SEC Filing  
8/18/2014David F DollSVPSell17,500$175.58$3,072,650.00View SEC Filing  
8/13/2014Candace N KrolVPSell10,000$175.61$1,756,100.00View SEC Filing  
8/13/2014Ronald P SpogliDirectorSell25,000$175.78$4,394,500.00View SEC Filing  
8/12/2014Candace N KrolVPSell1,900$175.05$332,595.00View SEC Filing  
8/7/2014Candace N KrolVPSell14,282$172.72$2,466,787.04View SEC Filing  
6/13/2014John ReyesCFOSell25,000$169.49$4,237,250.00View SEC Filing  
5/16/2014David DollSVPSell7,436$172.03$1,279,215.08View SEC Filing  
5/13/2014Candace KrolVPSell7,398$173.00$1,279,854.00View SEC Filing  
5/13/2014David DollSVPSell7,564$172.39$1,303,957.96View SEC Filing  
3/14/2014Candace KrolVPSell7,000$168.08$1,176,560.00View SEC Filing  
3/14/2014Ronald Havner, Jr.CEOSell83,000$168.18$13,958,940.00View SEC Filing  
3/14/2014Steven GlickSVPSell10,000$168.17$1,681,700.00View SEC Filing  
3/12/2014John ReyesCFOSell50,000$166.78$8,339,000.00View SEC Filing  
3/11/2014David DollSVPSell50,000$167.70$8,385,000.00View SEC Filing  
3/6/2014Candace KrolVPSell3,802$170.28$647,404.56View SEC Filing  
9/6/2013David F DollSVPSell30,000$153.57$4,607,100.00View SEC Filing  
5/22/2013Candace N KrolVPSell1,800$168.06$302,508.00View SEC Filing  
5/21/2013Shawn WeidmannDirectorSell15,000$167.28$2,509,200.00View SEC Filing  
5/17/2013Candace N KrolVPSell10,000$167.13$1,671,300.00View SEC Filing  
5/14/2013David F DollInsiderSell40,000$164.62$6,584,800.00View SEC Filing  
5/14/2013Gary E PruittDirectorSell28,120$164.90$4,636,988.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Public Storage (NYSE:PSA)
Latest Headlines for Public Storage (NYSE:PSA)
Source:
Loading headlines, please wait.

Social

Chart

Public Storage (PSA) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.