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NYSE:PSA - Public Storage Stock Price, Forecast & News

$191.52
+3.75 (+2.00 %)
(As of 03/29/2020 02:09 PM ET)
Today's Range
$183.54
Now: $191.52
$197.95
50-Day Range
$160.61
MA: $213.25
$232.82
52-Week Range
$155.37
Now: $191.52
$266.76
Volume1.75 million shs
Average Volume1.78 million shs
Market Capitalization$33.47 billion
P/E Ratio26.27
Dividend Yield4.26%
Beta0.18
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 March 31, 2019, we had: (i) interests in 2,444 self-storage facilities located in 38 states with approximately 164 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 231 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 March 31, 2019. Our headquarters are located in Glendale, California.
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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
CUSIP74460D10
Phone818-244-8080

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.85 billion
Cash Flow$11.89 per share
Book Value$28.75 per share

Profitability

Net Income$1.52 billion

Miscellaneous

Employees5,900
Market Cap$33.47 billion
Next Earnings Date5/6/2020 (Estimated)
OptionableOptionable

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Public Storage (NYSE:PSA) Frequently Asked Questions

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 reached pandemic status according to the World Health Organization. Since then, PSA stock has decreased by 13.1% and is now trading at $191.52. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Public Storage?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last year. There are currently 5 sell ratings, 6 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Public Storage.

When is Public Storage's next earnings date?

Public Storage is scheduled to release its next quarterly earnings announcement on Wednesday, May 6th 2020. 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 Tuesday, February, 25th. The real estate investment trust reported $1.87 earnings per share for the quarter, missing the consensus estimate of $2.86 by $0.99. The real estate investment trust had revenue of $717.50 million for the quarter, compared to analyst estimates of $723.13 million. Public Storage had a return on equity of 30.16% and a net margin of 53.41%. The business's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.17 EPS. View Public Storage's earnings history.

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

Public Storage announced a quarterly dividend on Thursday, February 27th. Shareholders of record on Monday, March 16th will be given a dividend of $2.00 per share on Tuesday, March 31st. This represents a $8.00 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend is Friday, March 13th. View Public Storage's dividend history.

What price target have analysts set for PSA?

14 analysts have issued 1 year price objectives for Public Storage's stock. Their forecasts range from $148.00 to $267.00. On average, they expect Public Storage's stock price to reach $223.05 in the next year. This suggests a possible upside of 16.5% from the stock's current price. View analysts' price targets for Public Storage.

Has Public Storage been receiving favorable news coverage?

Press coverage about PSA stock has trended extremely negative on Sunday, InfoTrie reports. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Public Storage earned a news sentiment score of -4.0 on InfoTrie's scale. They also assigned media headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutPublic Storage.

Are investors shorting Public Storage?

Public Storage saw a decline in short interest in the month of March. As of March 13th, there was short interest totaling 6,211,300 shares, a decline of 8.7% from the February 27th total of 6,800,000 shares. Based on an average daily volume of 1,040,000 shares, the short-interest ratio is currently 6.0 days. Currently, 4.2% of the company's shares are short sold. View Public Storage's Current Options Chain.

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), Ford Motor (F), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Simon Property Group (SPG), Walt Disney (DIS), Exxon Mobil (XOM), PepsiCo (PEP) and AbbVie (ABBV).

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 59)
  • Ms. Natalia N. Johnson, Sr. VP & Chief HR Officer (Age 41)
  • Ms. Lily Yan Hughes, Advisor (Age 56)
  • Mr. B. Wayne Hughes Sr., Founder & Chairman Emeritus (Age 85)
  • Mr. H. Thomas Boyle III, CFO & Sr. VP (Age 36)

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 many different institutional and retail investors. Top institutional shareholders include State Street Corp (5.99%), Cohen & Steers Inc. (2.85%), Geode Capital Management LLC (1.82%), Massachusetts Financial Services Co. MA (1.53%), Charles Schwab Investment Management Inc. (1.11%) and Capital World Investors (0.93%). Company insiders that own Public Storage stock include B Wayne Et Al Hughes, Gary E Pruitt, Lily Yan Hughes and Ronald L Havner, Jr. 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 State Street Corp, Goldman Sachs Group Inc., Capital World Investors, Daiwa Securities Group Inc., Credit Suisse AG, PGGM Investments, Massachusetts Financial Services Co. MA, and Mackay Shields LLC. View insider buying and selling activity for Public Storage.

Which major investors are buying Public Storage stock?

PSA stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Cohen & Steers Inc., Man Group plc, Geode Capital Management LLC, FMR LLC, Victory Capital Management Inc., Victory Capital Management Inc., and First Trust Advisors LP. View insider buying and selling activity for Public Storage.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Public Storage's stock price today?

One share of PSA stock can currently be purchased for approximately $191.52.

How big of a company is Public Storage?

Public Storage has a market capitalization of $33.47 billion and generates $2.85 billion in revenue each year. The real estate investment trust earns $1.52 billion in net income (profit) each year or $10.75 on an earnings per share basis. Public Storage employs 5,900 workers across the globe. View additional information about Public Storage.

What is Public Storage's official website?

The official website for Public Storage is http://www.publicstorage.com/.

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.


MarketBeat Community Rating for Public Storage (NYSE PSA)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  406 (Thanks for Voting!)
Underperform Votes:  704 (Thanks for Voting!)
Total Votes:  1,110
MarketBeat's community ratings are surveys of what our community members think about Public Storage and other stocks. Vote "Outperform" if you believe PSA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PSA will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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