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.
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Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
Phone818-244-8080
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$2.75 billion
Profitability
Miscellaneous
Employees5,600
Next Earnings Date2/25/2020 (Estimated)
OptionableOptionable
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 quarterly dividend on Wednesday, July 24th. Stockholders of record on Thursday, September 12th will be paid a dividend of $2.00 per share on Friday, September 27th. This represents a $8.00 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend is Wednesday, September 11th. 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 analysts' consensus estimates of $1.90 by $0.03. The real estate investment trust had revenue of $729.33 million for the quarter, compared to analyst estimates of $732.26 million. Public Storage had a net margin of 60.98% and a return on equity of 33.96%. The business's revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $1.85 earnings per share. View Public Storage's Earnings History.
When is Public Storage's next earnings date?
What price target have analysts set for PSA?
11 Wall Street analysts have issued 12-month target prices for Public Storage's stock. Their forecasts range from $201.00 to $290.00. On average, they anticipate Public Storage's stock price to reach $244.70 in the next twelve months. This suggests a possible upside of 14.6% 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, 6 hold ratings and 3 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 articles about PSA stock have been trending very negative on Monday, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Public Storage earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the near future. View News Stories for Public Storage.
Are investors shorting Public Storage?
Public Storage saw a increase in short interest in the month of 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 short-interest ratio is currently 6.4 days. Approximately 4.1% of the company's stock are sold short. View Public Storage's Current Options Chain.
Who are some of Public Storage's key competitors?
Some companies that are related to Public Storage include American Tower (AMT), Welltower (WELL), Weyerhaeuser (WY), Ventas (VTR), HCP (HCP), Extra Space Storage (EXR), Host Hotels and Resorts (HST), Medical Properties Trust (MPW), Omega Healthcare Investors (OHI), CubeSmart (CUBE), EPR Properties (EPR), Life Storage (LSI), Ryman Hospitality Properties (RHP), Healthcare Realty Trust (HR) and Sabra Health Care REIT (SBRA).
What other stocks do shareholders of Public Storage own?
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 a number of of retail and institutional investors. Top institutional investors include 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%), Russell Investments Group Ltd. (0.33%) and Great West Life Assurance Co. Can (0.26%). Company insiders that own Public Storage stock include B Wayne Et Al Hughes, Gary E Pruitt, John Reyes, 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, State of New Jersey Common Pension Fund D, Robeco Institutional Asset Management B.V., California Public Employees Retirement System, Polaris Greystone Financial Group LLC and Mackay Shields LLC. 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 $213.54.
How big of a company is Public Storage?
Public Storage has a market capitalization of $37.30 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?
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)
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.
