NYSE:PSA

Public Storage - PSA Stock Forecast, Price & News

$355.34

+3.64 (+1.03%)

(As of 08/15/2022 12:00 AM ET)

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Today's Range: $351.56
▼
$355.41
50-Day Range: $297.48
▼
$355.34
52-Week Range: $292.32
▼
$421.76

Volume: 529,332 shs
Average Volume: 663,083 shs
Market Capitalization: $62.35 billion

P/E Ratio: 30.27
Dividend Yield: 2.27%
Price Target: $366.08

Public Storage MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 3.4% Upside
$367.33 Price Target
Short Interest: Healthy
1.51% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.53
Upright™ Environmental Score
News Sentiment: 0.09
Based on 13 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 8.12%
From $15.52 to $16.78 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.82 out of 5 stars

Finance Sector

150th out of 924 stocks

Real Estate Investment Trusts Industry

24th out of 197 stocks

2.3

Analyst's Opinion

Consensus Rating
Public Storage has received a consensus rating of Buy. The company's average rating score is 2.58, and is based on 7 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $367.33, Public Storage has a forecasted upside of 3.4% from its current price of $355.34.
Amount of Analyst Coverage
Public Storage has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

5.0

Short Interest

Percentage of Shares Shorted
1.51% of the float of Public Storage has been sold short.
Short Interest Ratio / Days to Cover
Public Storage has a short interest ratio ("days to cover") of 3.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Public Storage has recently decreased by 12.08%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Public Storage pays a meaningful dividend of 2.27%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Public Storage does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Public Storage is 68.14%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Public Storage will have a dividend payout ratio of 47.68% next year. This indicates that Public Storage will be able to sustain or increase its dividend.

4.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Public Storage has received a 58.13% net impact score from Upright. Public Storage seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is driven by its "Storage unit leasing services" product. See details.
Environmental Sustainability
The Environmental Impact score for Public Storage is -0.53.

2.3

News and Social Media Coverage

News Sentiment
Public Storage has a news sentiment score of 0.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.67 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 13 news articles for Public Storage this week, compared to 5 articles on an average week.
Social Mentions This Week
MarketBeat has tracked 3 reddit mentions for Public Storage this week, compared to 3 mentions on an average week.
Search Interest
20 people have searched for PSA on MarketBeat in the last 30 days. This is an increase of 67% compared to the previous 30 days.
MarketBeat Follows
Only 10 people have added Public Storage to their MarketBeat watchlist in the last 30 days. This is a decrease of -9% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Public Storage insiders have not sold or bought any company stock.
Percentage Held by Insiders
11.00% of the stock of Public Storage is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
78.54% of the stock of Public Storage is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Public Storage are expected to grow by 8.12% in the coming year, from $15.52 to $16.78 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Public Storage is 30.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.02.
Price to Earnings Ratio vs. Sector
The P/E ratio of Public Storage is 30.27, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 144.06.
Price to Earnings Growth Ratio
Public Storage has a PEG Ratio of 3.21. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Public Storage has a P/B Ratio of 11.84. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Public Storage (NYSE:PSA) Stock

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 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 September 30, 2020. Our headquarters are located in Glendale, California.

Public Storage Stock Up 0.5 %

Shares of PSA traded up $1.60 during trading hours on Monday, reaching $353.30. 8,849 shares of the stock traded hands, compared to its average volume of 736,090. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 1.29. The stock has a fifty day simple moving average of $317.73 and a 200 day simple moving average of $347.12. Public Storage has a 52 week low of $292.32 and a 52 week high of $421.76. The company has a market cap of $61.99 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 3.21 and a beta of 0.34.

Public Storage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Wednesday, September 14th will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Tuesday, September 13th. Public Storage's payout ratio is currently 68.14%.

Analysts Set New Price Targets

PSA has been the subject of several recent analyst reports. Evercore ISI set a $348.00 price objective on shares of Public Storage in a research report on Monday, June 20th. Raymond James reduced their price target on shares of Public Storage from $375.00 to $365.00 in a report on Monday, May 23rd. Jefferies Financial Group reduced their price target on shares of Public Storage from $465.00 to $369.00 and set a "buy" rating for the company in a report on Thursday, June 30th. UBS Group reduced their price target on shares of Public Storage from $390.00 to $336.00 and set a "neutral" rating for the company in a report on Monday, July 25th. Finally, Morgan Stanley reduced their price target on shares of Public Storage from $357.00 to $298.00 and set an "equal weight" rating for the company in a report on Wednesday, May 25th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $366.08.

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PSA Stock News Headlines

August 16, 2022 | finance.yahoo.com

Stock Market Plunge: Buy This Dividend Stock Before It Pops

August 9, 2022 | msn.com

Man barricades self at Quincy Public Storage facility, police say

August 9, 2022 | cnbc.com

Two-Minute Drill: Public Storage

August 9, 2022 | nasdaq.com

Public Storage's Preferred Series Q Shares Cross 5% Yield Mark

August 9, 2022 | americanbankingnews.com

Public Storage (NYSE:PSA) Rating Increased to Buy at StockNews.com

August 9, 2022 | americanbankingnews.com

Public Storage (NYSE:PSA) Upgraded by StockNews.com to Buy

August 6, 2022 | americanbankingnews.com

Brokerages Set Public Storage (NYSE:PSA) PT at $366.08

August 5, 2022 | seekingalpha.com

Public Storage (PSA) CEO Joe Russell on Q2 2022 Results - Earnings Call Transcript

August 4, 2022 | nasdaq.com

Public Storage Reveals Climb In Q2 Bottom Line

August 3, 2022 | msn.com

$100 Invested In This Stock 15 Years Ago Would Be Worth $400 Today

August 2, 2022 | finance.yahoo.com

Postal Realty Trust (PSTL) Q2 FFO Meet Estimates

August 2, 2022 | americanbankingnews.com

Public Storage (PSA) Scheduled to Post Earnings on Thursday

July 29, 2022 | nasdaq.com

Notable Friday Option Activity: CHTR, SBUX, PSA

July 27, 2022 | finance.yahoo.com

Declining Stock and Decent Financials: Is The Market Wrong About Public Storage (NYSE:PSA)?

July 27, 2022 | finance.yahoo.com

These 2 Companies Are Banking 50% Profits Despite the Bear Market

July 27, 2022 | nasdaq.com

Prologis Stock: Do Strong Financial Results Justify Its Valuation?

July 27, 2022 | americanbankingnews.com

Public Storage (NYSE:PSA) Price Target Cut to $336.00

July 25, 2022 | msn.com

Peering Into Public Storage's Recent Short Interest

July 23, 2022 | americanbankingnews.com

Public Storage (NYSE:PSA) vs. Saul Centers (NYSE:BFS) Head-To-Head Survey

July 22, 2022 | finance.yahoo.com

Public Storage Announces $2.3 Billion Special Dividend Related to PS Business Parks Merger Consideration

July 20, 2022 | benzinga.com

Short Volatility Alert: Public Storage

July 19, 2022 | finance.yahoo.com

Albuquerque-based DXD Capital ready to deploy capital everywhere from Hawaii to Rhode Island

July 19, 2022 | finance.yahoo.com

Is it Wise to Invest in Public Storage (PSA)?

July 18, 2022 | seekingalpha.com

Public Storage: Not The Best Option Among Storage REITs

July 14, 2022 | nasdaq.com

March 2023 Options Now Available For Public Storage (PSA)

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30 days | 90 days | 365 days | Advanced Chart

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PSA Company Calendar

Last Earnings: 5/03/2022
Ex-Dividend for 8/4 Dividend: 7/29/2022
Dividend Payable: 8/04/2022
Today: 8/16/2022
Ex-Dividend for 9/29 Dividend: 9/13/2022
Dividend Payable: 9/29/2022
Next Earnings (Estimated): 11/07/2022
Fiscal Year End: 12/31/2022

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Real estate investment trusts
Sub-Industry: Specialized REITs
Sector: Finance
Current Symbol: NYSE:PSA
CUSIP: 74460D10
CIK: 1393311
Web: www.publicstorage.com
Phone: (818) 244-8080
Fax: 818-244-9530
Employees: 5,800
Year Founded: 1972

Price Target and Rating

Average Stock Price Forecast: $367.33
High Stock Price Forecast: $440.00
Low Stock Price Forecast: $298.00
Forecasted Upside/Downside: +3.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): $11.74
Trailing P/E Ratio: 30.27
Forward P/E Ratio: 22.90
P/E Growth: 3.21
Net Income: $1.95 billion
Net Margins: 56.93%
Pretax Margin: 46.93%
Return on Equity: 40.19%
Return on Assets: 12.57%

Debt

Debt-to-Equity Ratio: 1.29
Current Ratio: 2.14
Quick Ratio: 2.14

Sales & Book Value

Annual Sales: $3.42 billion
Price / Sales: 18.25
Cash Flow: $15.38 per share
Price / Cash Flow: 23.10
Book Value: $30.01 per share
Price / Book: 11.84

Miscellaneous

Outstanding Shares: 175,460,000
Free Float: 156,161,000
Market Cap: $62.35 billion
Optionable: Optionable
Beta: 0.34

Social Links

Key Executives

Mr. Joseph D. Russell Jr. (Age 62)
CEO, Pres & Trustee
Comp: $2.21M
Mr. H. Thomas Boyle III (Age 39)
Sr. VP & CFO
Comp: $1.52M
Ms. Natalia N. Johnson (Age 44)
Sr. VP & Chief Admin. Officer
Comp: $1.09M
Mr. Nathaniel A. Vitan (Age 48)
Sr. VP, Chief Legal Officer & Corp. Sec.
Comp: $904.1k
Mr. David Lee CFE
Chief Operating Officer
Mr. Michael Braine
Chief Technology Officer
Mr. Ryan C. Burke
VP of Investor Relations
David Collins
Head of Marketing & VP
Mr. John M. Sambuco
Pres of Asset Management
Mr. Steven H. Lentin
Exec. VP of Operations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PSA Stock - Frequently Asked Questions

Should I buy or sell Public Storage stock right now?: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last year. There are currently 5 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" PSA shares.
View PSA analyst ratings or view top-rated stocks.
What is Public Storage's stock price forecast for 2022?: 12 equities research analysts have issued twelve-month price targets for Public Storage's shares. Their PSA share price forecasts range from $298.00 to $440.00. On average, they anticipate the company's share price to reach $366.08 in the next year. This suggests a possible upside of 3.0% from the stock's current price.
View analysts price targets for PSA or view top-rated stocks among Wall Street analysts.
How have PSA shares performed in 2022?: Public Storage's stock was trading at $374.56 at the beginning of 2022. Since then, PSA shares have decreased by 5.1% and is now trading at $355.34.
View the best growth stocks for 2022 here.
When is Public Storage's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our PSA earnings forecast.
How were Public Storage's earnings last quarter?: Public Storage (NYSE:PSA) announced its quarterly earnings data on Tuesday, May, 3rd. The real estate investment trust reported $2.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.59 by $0.96. The real estate investment trust earned $749.27 million during the quarter, compared to analysts' expectations of $985.58 million. Public Storage had a trailing twelve-month return on equity of 40.19% and a net margin of 56.93%. The business's revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.82 EPS.
Read the conference call transcript.
How often does Public Storage pay dividends? What is the dividend yield for Public Storage?: Public Storage declared a quarterly dividend on Thursday, August 4th. Shareholders of record on Wednesday, September 14th will be paid a dividend of $2.00 per share on Thursday, September 29th. This represents a $8.00 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Tuesday, September 13th.
Read our dividend analysis for PSA.
Is Public Storage a good dividend stock?: Public Storage (NYSE:PSA) pays an annual dividend of $8.00 per share and currently has a dividend yield of 2.27%. The dividend payout ratio is 68.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PSA will have a dividend payout ratio of 47.68% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PSA.
What guidance has Public Storage issued on next quarter's earnings?: Public Storage issued an update on its FY 2022 earnings guidance on Thursday, August, 11th. The company provided earnings per share (EPS) guidance of $15.00-$15.70 for the period. The company issued revenue guidance of -.

What is Ronald L. Havner Jr.'s approval rating as Public Storage's CEO?: 736 employees have rated Public Storage Chief Executive Officer Ronald L. Havner Jr. on Glassdoor.com. Ronald L. Havner Jr. has an approval rating of 66% among the company's employees.
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), Procter & Gamble (PG), Walmart (WMT), Ford Motor (F) and 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 many different retail and institutional investors. Top institutional investors include State Street Corp (6.52%), JPMorgan Chase & Co. (1.47%), Northern Trust Corp (1.39%), Deutsche Bank AG (0.86%), FMR LLC (0.81%) and UBS Asset Management Americas Inc. (0.76%). Insiders that own company stock include B Wayne Et Al Hughes, Heisz Leslie Stone, John Reyes, Nathaniel A Vitan, Nathaniel A Vitan, Rebecca L Owen, Ronald L Havner Jr, Tamara Hughes Gustavson and Uri P Harkham.
View institutional ownership trends.
How do I buy shares of Public Storage?: Shares of PSA stock 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 $355.34.
How much money does Public Storage make?: Public Storage (NYSE:PSA) has a market capitalization of $62.35 billion and generates $3.42 billion in revenue each year. The real estate investment trust earns $1.95 billion in net income (profit) each year or $11.74 on an earnings per share basis.
How many employees does Public Storage have?: The company employs 5,800 workers across the globe.
When was Public Storage founded?: Public Storage was founded in 1972.
How can I contact Public Storage?: Public Storage's mailing address is 701 WESTERN AVENUE, GLENDALE CA, 91201. The official website for the company is www.publicstorage.com. The real estate investment trust can be reached via phone at (818) 244-8080 or via fax at 818-244-9530.

This page (NYSE:PSA) was last updated on 8/16/2022 by MarketBeat.com Staff

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Public Storage - PSA Stock Forecast, Price & News

Public Storage MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability