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

$213.85
+0.39 (+0.18 %)
(As of 12/6/2019 04:00 PM ET)
Today's Range
$212.51
Now: $213.85
$214.77
50-Day Range
$208.89
MA: $219.75
$243.00
52-Week Range
$193.89
Now: $213.85
$266.76
Volume1.06 million shs
Average Volume877,285 shs
Market Capitalization$37.36 billion
P/E Ratio20.25
Dividend Yield3.75%
Beta0.04
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. Read More…

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$2.75 billion
Cash Flow$12.79 per share
Book Value$29.40 per share

Profitability

Net Income$1.71 billion

Miscellaneous

Employees5,600
Market Cap$37.36 billion
Next Earnings Date2/25/2020 (Estimated)
OptionableOptionable

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Public Storage (NYSE:PSA) Frequently Asked Questions

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 declared a dividend on Tuesday, October 29th. Stockholders of record on Friday, December 13th will be given a dividend of $2.00 per share on Monday, December 30th. The ex-dividend date is Thursday, December 12th. View Public Storage's Dividend History.

How were Public Storage's earnings last quarter?

Public Storage (NYSE:PSA) released its quarterly earnings results on Tuesday, October, 29th. The real estate investment trust reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.03. The real estate investment trust earned $729.33 million during the quarter, compared to analysts' expectations of $732.26 million. Public Storage had a return on equity of 33.96% and a net margin of 60.98%. The business's revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.85 earnings per share. View Public Storage's Earnings History.

When is Public Storage's next earnings date?

Public Storage is scheduled to release their next quarterly earnings announcement on Tuesday, February 25th 2020. View Earnings Estimates for Public Storage.

What price target have analysts set for PSA?

11 brokers have issued 1 year price objectives for Public Storage's stock. Their forecasts range from $201.00 to $285.00. On average, they anticipate Public Storage's stock price to reach $243.52 in the next twelve months. This suggests a possible upside of 13.9% from the stock's current price. View Analyst Price Targets for Public Storage.

What is the consensus analysts' recommendation for Public Storage?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last year. There are currently 2 sell ratings, 7 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Public Storage.

Has Public Storage been receiving favorable news coverage?

News headlines about PSA stock have been trending extremely negative on Saturday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Public Storage earned a daily sentiment score of -4.2 on InfoTrie's scale. They also assigned headlines about the real estate investment trust a news buzz of 2.0 out of 10, indicating that recent press coverage is very unlikely to have an impact on the company's share price in the next few days. View News Stories for Public Storage.

Are investors shorting Public Storage?

Public Storage saw a increase in short interest in October. As of October 31st, there was short interest totalling 6,050,000 shares, an increase of 10.0% from the September 30th total of 5,500,000 shares. Based on an average daily trading volume, of 950,200 shares, the days-to-cover ratio is currently 6.4 days. Approximately 4.1% of the shares of the stock 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 Ford Motor (F), AT&T (T), Verizon Communications (VZ), Cisco Systems (CSCO), Simon Property Group (SPG), Walt Disney (DIS), Home Depot (HD), PepsiCo (PEP), Johnson & Johnson (JNJ) and Intel (INTC).

Who are Public Storage's key executives?

Public Storage's management team includes the folowing 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)

Who are Public Storage's major shareholders?

Public Storage's stock is owned by many different of retail and institutional investors. Top institutional shareholders include State Street Corp (6.36%), Massachusetts Financial Services Co. MA (1.59%), Daiwa Securities Group Inc. (0.81%), California Public Employees Retirement System (0.75%), Sumitomo Mitsui Trust Holdings Inc. (0.47%) and Russell Investments Group Ltd. (0.33%). 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 institutional investors are selling Public Storage stock?

PSA stock was sold by a variety of institutional investors in the last quarter, including Daiwa Securities Group Inc., Russell Investments Group Ltd., SG Americas Securities LLC, CWM LLC, State of Alaska Department of Revenue, Duff & Phelps Investment Management Co., Chicago Equity Partners LLC and Teacher Retirement System of Texas. Company insiders that have sold Public Storage company stock in the last year include B Wayne Et Al Hughes and Lily Yan Hughes. View Insider Buying and Selling for Public Storage.

Which institutional investors are buying Public Storage stock?

PSA stock was acquired by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, PGGM Investments, Alberta Investment Management Corp, Zimmer Partners LP, State of New Jersey Common Pension Fund D, Millennium Management LLC, State Street Corp and Robeco Institutional Asset Management B.V.. View Insider Buying and Selling 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 $213.85.

How big of a company is Public Storage?

Public Storage has a market capitalization of $37.36 billion and generates $2.75 billion in revenue each year. The real estate investment trust earns $1.71 billion in net income (profit) each year or $10.56 on an earnings per share basis. Public Storage employs 5,600 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:  380 (Vote Outperform)
Underperform Votes:  676 (Vote Underperform)
Total Votes:  1,056
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 12/7/2019 by MarketBeat.com Staff

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