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:
  • Market Cap: $36.32318 billion
  • Outstanding Shares: 173,845,000
Average Prices:
  • 50 Day Moving Avg: $209.22
  • 200 Day Moving Avg: $217.16
  • 52 Week Range: $200.65 - $255.21
  • Trailing P/E Ratio: 29.69
  • Foreward P/E Ratio: 19.39
  • P/E Growth: 2.57
Sales & Book Value:
  • Annual Revenue: $2.66 billion
  • Price / Sales: 13.66
  • Book Value: $28.79 per share
  • Price / Book: 7.26
  • Annual Dividend: $8.00
  • Dividend Yield: 3.8%
  • EBIDTA: $1.89 billion
  • Net Margins: 54.13%
  • Return on Equity: 27.74%
  • Return on Assets: 14.02%
  • Debt-to-Equity Ratio: 0.08%
  • Current Ratio: 0.41%
  • Quick Ratio: 0.41%
  • Average Volume: 981,306 shs.
  • Beta: 0.41
  • 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 declared a quarterly dividend on Wednesday, April 26th. Stockholders of record on Wednesday, June 14th will be paid a dividend of $2.00 per share on Thursday, June 29th. This represents a $8.00 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Monday, June 12th. View Public Storage's Dividend History.

How were Public Storage's earnings last quarter?

Public Storage (NYSE:PSA) issued its earnings results on Wednesday, April, 26th. The company reported $2.37 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $2.42 by $0.05. The business had revenue of $645.55 million for the quarter, compared to analysts' expectations of $615.23 million. Public Storage had a net margin of 54.13% and a return on equity of 27.74%. Public Storage's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.21 earnings per share. View Public Storage's Earnings History.

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

11 brokerages have issued 1 year price targets for Public Storage's shares. Their forecasts range from $205.00 to $270.00. On average, they expect Public Storage's share price to reach $223.45 in the next twelve months. 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 a variety of of institutional and retail investors. Top institutional shareholders include APG Asset Management US Inc. (2.42%), PGGM Investments (0.85%), Bank of Montreal Can (0.16%), APG Asset Management N.V. (0.10%), NN Investment Partners Holdings N.V. (0.09%) and National Pension Service (0.08%). 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 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., Aperio Group LLC, Chesley Taft & Associates LLC, NN Investment Partners Holdings N.V., State of Alaska Department of Revenue, Exxonmobil Investment Management Inc. TX, Bank of Montreal Can and Orrstown Financial Services Inc.. 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 acquired by a variety of institutional investors in the last quarter, including APG Asset Management US Inc., PGGM Investments, Forsta AP Fonden, Mn Services Vermogensbeheer B.V., National Pension Service, B & T Capital Management DBA Alpha Capital Management, DnB Asset Management AS and Gulf International Bank UK Ltd. Company insiders that have bought Public Storage stock in the last two years include B Wayne Hughes Jr 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 $209.00.

MarketBeat Community Rating for Public Storage (NYSE PSA)
Community Ranking:  1.4 out of 5 ()
Outperform Votes:  168 (Vote Outperform)
Underperform Votes:  433 (Vote Underperform)
Total Votes:  601
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: 2 Sell Ratings, 8 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 1.91)
Consensus Price Target: $223.45 (6.92% upside)

Analysts' Ratings History for Public Storage (NYSE:PSA)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/20/2017Bank of America CorporationLower Price TargetNeutral$222.00 -> $218.00LowView Rating Details
7/18/2017Barclays PLCLower Price TargetEqual Weight -> Equal Weight$216.00 -> $209.00LowView Rating Details
7/14/2017Jefferies Group LLCReiterated RatingHold$222.00LowView Rating Details
5/22/2017Cantor FitzgeraldLower Price TargetNeutral$222.00 -> $216.00LowView Rating Details
3/22/2017BMO Capital MarketsReiterated RatingHold$210.00LowView Rating Details
3/3/2017Evercore ISIDowngradeHold -> UnderperformN/AView Rating Details
1/5/2017Robert W. BairdDowngradeOutperform -> Neutral$248.00 -> $235.00N/AView Rating Details
11/16/2016ArgusReiterated RatingBuy$284.00 -> $270.00N/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
9/12/2016KeyCorpLower Price TargetUnderweight$220.00 -> $205.00N/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
10/16/2015Morgan StanleyBoost Price Target$195.00 -> $225.00N/AView Rating Details
9/8/2015Evercore Partners IncLower Price TargetHold$209.00 -> $204.00N/AView Rating Details
(Data available from 7/25/2015 forward)


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
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)


Earnings Estimates for Public Storage (NYSE:PSA)
2017 EPS Consensus Estimate: $10.38
2018 EPS Consensus Estimate: $10.79
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20174$2.41$2.49$2.44
Q2 20174$2.53$2.67$2.58
Q3 20174$2.59$2.66$2.64
Q4 20174$2.65$2.78$2.73
Q1 20182$2.41$2.61$2.51
Q2 20182$2.64$2.73$2.69
Q3 20182$2.72$2.74$2.73
Q4 20182$2.84$2.88$2.86
(Data provided by Zacks Investment Research)


Current Dividend Information for Public Storage (NYSE:PSA)
Most Recent Dividend:6/29/2017
Annual Dividend:$8.00
Dividend Yield:3.83%
Dividend Growth:12.30% (3 Year Average)
Payout Ratio:113.64% (Trailing 12 Months of Earnings)
77.59% (Based on This Year's Estimates)
74.21% (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
(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: 79.63%
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
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)


Headline Trends for Public Storage (NYSE:PSA)
Latest Headlines for Public Storage (NYSE:PSA)
DateHeadline logoNew Humble, Texas, Storage Units Opened at Public Storage ... - Business Wire (press release) - July 25 at 2:37 AM logoETFs with exposure to Public Storage : July 24, 2017 - July 24 at 9:35 PM logoNew Humble, Texas, Storage Units Opened at Public Storage - July 24 at 9:35 PM logoWill Public Storage Ride High on Top Line in 2Q17? - July 24 at 4:23 PM logoWill Public Storage’s Cost-Reduction Initiatives Drive Higher NOI in 2Q17? - July 24 at 4:23 PM logoSunTrust Banks Weighs in on Public Storage's Q4 2017 Earnings (NYSE:PSA) - July 24 at 8:48 AM logoIs a Beat in Store for Public Storage (PSA) in Q2 Earnings? - Yahoo Finance - July 22 at 7:53 AM logoIs a Beat in Store for Public Storage (PSA) in Q2 Earnings? - Yahoo Finance - July 22 at 7:53 AM logoHead-To-Head Comparison: Public Storage (PSA) and Extra Space Storage (EXR) - July 21 at 4:36 PM logoLife Storage (LSI) & Public Storage (PSA) Head to Head Analysis - July 21 at 7:40 AM logoPublic Storage (NYSE:PSA) Given New $218.00 Price Target at Bank of America Corporation - July 20 at 9:02 PM logoPublic Storage (NYSE:PSA) PT Lowered to $209.00 - July 18 at 2:20 PM logoPublic Storage (PSA) Upgraded by Zacks Investment Research to Hold - July 17 at 12:10 PM logoJefferies Group Comments on Public Storage's Q2 2017 Earnings (PSA) - July 17 at 7:30 AM logoPublic Storage (NYSE:PSA) & Life Storage (LSI) Critical Contrast - July 15 at 6:20 PM logoPublic Storage (NYSE:PSA) Earns Hold Rating from Jefferies Group LLC - July 15 at 3:34 PM logoETFs with exposure to Public Storage : July 14, 2017 - July 15 at 7:42 AM logoHead to Head Contrast: Life Storage (LSI) and Public Storage (NYSE:PSA) - July 12 at 4:20 PM logo$670.82 Million in Sales Expected for Public Storage (PSA) This Quarter - July 12 at 9:40 AM logoPublic Storage (NYSE:PSA) Downgraded by Zacks Investment Research to Sell - July 11 at 1:04 PM logoZacks: Analysts Anticipate Public Storage (PSA) Will Announce Earnings of $2.57 Per Share - July 10 at 8:13 PM logoPublic Storage (NYSE:PSA) Given Consensus Recommendation of "Hold" by Brokerages - July 10 at 3:08 PM logoPublic Storage: Buy the Dip? - July 6 at 8:08 AM logoReviewing Life Storage (LSI) & Public Storage (PSA) - July 6 at 7:31 AM logoPublic Storage breached its 50 day moving average in a Bullish Manner : PSA-US : July 4, 2017 - July 5 at 9:46 AM logoZacks Investment Research Upgrades Public Storage (NYSE:PSA) to Hold - July 4 at 9:58 AM logoPublic Storage to Post Q2 2017 Earnings of $2.67 Per Share, FBR & Co Forecasts (PSA) - July 3 at 7:14 AM logoThe Best Dividend Growth Stock You Don't Own (But Should) - Seeking Alpha - June 29 at 6:15 AM logo2 Great Stocks You Can Buy and Hold Forever - Motley Fool - June 29 at 6:15 AM logoPublic Storage Is Dangerously Overvalued - Public Storage (NYSE ... - Seeking Alpha - June 29 at 6:15 AM logo2 Great Stocks You Can Buy and Hold Forever - June 28 at 8:59 AM logoFocus on Quality Helps Public Storage Maintain Occupancy - June 26 at 8:09 AM logoFY2018 Earnings Forecast for Public Storage Issued By Cantor Fitzgerald (PSA) - June 26 at 8:00 AM logoLife Storage (LSI) & Public Storage (PSA) Critical Contrast - June 24 at 10:46 AM logoHow These REIT Stocks are Performing? -- CubeSmart, Duke Realty, Public Storage, and STAG Industrial - PR Newswire (press release) - June 22 at 7:57 AM logo[$$] Self-Storage Startups Offer Pickup and Delivery - June 21 at 2:13 AM logoPublic Storage (PSA) Upgraded to Sell by BidaskClub - June 16 at 8:48 PM logoPublic Storage (PSA) Expected to Announce Quarterly Sales of $670.82 Million - June 16 at 1:54 PM logoPublic Storage : PSA-US: Dividend Analysis : June 14th, 2017 (record date) : By the numbers : June 15, 2017 - June 16 at 9:09 AM logoPublic Storage (PSA) Insider John Reyes Sells 60,000 Shares - June 14 at 7:24 PM logoPublic Storage (PSA) Expected to Post Earnings of $2.56 Per Share - June 14 at 6:22 PM logoClutter raises $64 million for on-demand storage - June 13 at 7:26 PM logoPublic Storage (PSA) Given Average Recommendation of "Hold" by Brokerages - June 13 at 12:50 PM logoCash Dividend On The Way From Public Storage's 5.375% Cumulative Preferred Share of Beneficial Interest, Series V - Nasdaq - June 10 at 8:42 AM logoPublic Storage (PSA) Ex-Dividend Date Scheduled for June 12, 2017 - Nasdaq - June 10 at 8:42 AM logoDividend Coverage: This Self-storage REIT Pays Annual Dividend of $8.00 per Share; Will Trade Ex-Dividend on June 12, 2017 - June 9 at 7:32 PM logoHow To Find Bargain REITs With 250% Upside - June 8 at 9:02 AM logoPublic Storage: Expensive, But Competitive Advantages Should Help It Remain In Favour - June 7 at 7:16 PM logoPSA a Top 25 Dividend Giant With $8.40B Held By ETFs - Nasdaq - June 2 at 1:18 AM logoQ2 2017 EPS Estimates for Public Storage Raised by SunTrust Banks (PSA) - June 1 at 7:50 AM



Public Storage (PSA) Chart for Tuesday, July, 25, 2017

This page was last updated on 7/25/2017 by Staff