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. The Company's headquarters are located in Glendale, California. At June 30, 2018, we had interests in 2,402 self-storage facilities located in 38 states with approximately 160 million net rentable square feet in the United States and 228 storage facilities located in seven Western European nations with approximately 12 million net rentable square feet operated under the Shurgard brand. We also own a 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 June 30, 2018.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
Current SymbolNYSE:PSA
Previous Symbol
CUSIP74460D10
Phone818-244-8080
Debt
Debt-to-Equity Ratio0.29
Current Ratio1.05
Quick Ratio1.06
Price-To-Earnings
Trailing P/E Ratio20.50
Forward P/E Ratio19.99
P/E Growth4.12
Sales & Book Value
Annual Sales$2.67 billion
Price / Sales13.73
Cash Flow$10.9984 per share
Price / Cash19.10
Book Value$28.07 per share
Price / Book7.48
Profitability
EPS (Most Recent Fiscal Year)$10.23
Net Income$1.44 billion
Net Margins55.38%
Return on Equity30.87%
Return on Assets14.13%
Miscellaneous
Employees5,600
Outstanding Shares174,360,000
Market Cap$36.33 billion
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, October 31st. Shareholders of record on Wednesday, December 12th will be paid a dividend of $2.00 per share on Thursday, December 27th. This represents a $8.00 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Tuesday, December 11th. View Public Storage's Dividend History.
How were Public Storage's earnings last quarter?
Public Storage (NYSE:PSA) posted its quarterly earnings data on Tuesday, October, 30th. The real estate investment trust reported $1.85 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $1.85. The real estate investment trust earned $706.37 million during the quarter, compared to analyst estimates of $704.51 million. Public Storage had a net margin of 55.38% and a return on equity of 30.87%. During the same period last year, the company posted $1.61 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?
14 equities research analysts have issued 1 year target prices for Public Storage's shares. Their predictions range from $179.00 to $250.00. On average, they expect Public Storage's stock price to reach $205.5385 in the next twelve months. This suggests that the stock has a possible downside of 2.3%. View Analyst Price Targets for Public Storage.
What is the consensus analysts' recommendation for Public Storage?
14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last year. There are currently 6 sell ratings, 7 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Public Storage.
What are Wall Street analysts saying about Public Storage stock?
Here are some recent quotes from research analysts about Public Storage stock:
- 1. According to Zacks Investment Research, "Public Storage’s third-quarter 2018 core funds from operations (FFO) per share of $2.70 improved 3.4% from the prior-year quarter’s figure of $2.61. The reported figure also surpassed the Zacks Consensus Estimate of $2.68. Results highlight improvement in net operating income (NOI) from same-store and non-same store facilities. Higher realized annual rent per occupied square foot supported the company’s same-store performance. Additionally, Public Storage benefited from its expansion efforts in the reported quarter. However, supply has been rising in a number of its markets. This limits its power to raise rents and turn on more discounting. Additionally, rate hike has added to its woes. Also, shares of Public Storage have underperformed the industry it belongs to, in the past three months. Moreover, the trend in estimate revisions of current-year FFO per share does not indicate a favorable outlook for the company." (11/14/2018)
- 2. Cantor Fitzgerald analysts commented, "There was slight seq. deceleration in SS revenue growth in 4Q. The company was focused on rents as occupancy declined. The company doesn’t provide guidance; our current 2018 SSNOI estimate is 2.0%." (2/21/2018)
Has Public Storage been receiving favorable news coverage?
Media headlines about PSA stock have been trending somewhat positive on Friday, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Public Storage earned a media sentiment score of 0.7 on InfoTrie's scale. They also assigned press coverage about the real estate investment trust a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an effect on the stock's share price in the next few days.
Who are some of Public Storage's key competitors?
Some companies that are related to Public Storage include American Tower (AMT), Simon Property Group (SPG), CROWN CASTLE In/SH SH (CCI), Prologis (PLD), Equinix (EQIX), Welltower (WELL), AvalonBay Communities (AVB), Equity Residential (EQR), DIGITAL RLTY TR/SH (DLR), Ventas (VTR), Weyerhaeuser (WY), SBA Communications (SBAC), Boston Properties (BXP), Realty Income (O) and Brookfield Property Reit (BPR).
Who are Public Storage's key executives?
Public Storage's management team includes the folowing people:
- Mr. Ronald L. Havner Jr., Chairman & CEO (Age 60)
- Mr. Joseph D. Russell Jr., Pres (Age 58)
- Mr. Edward John Reyes, Sr. VP & CFO (Age 57)
- Ms. Lily Yan Hughes, Sr. VP, Chief Legal Officer & Corp. Sec. (Age 55)
- Mr. B. Wayne Hughes Sr., Founder & Chairman Emeritus (Age 84)
Who are Public Storage's major shareholders?
Public Storage's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.00%), Capital World Investors (4.06%), FMR LLC (3.40%), JPMorgan Chase & Co. (1.93%), Dimensional Fund Advisors LP (1.35%) and Massachusetts Financial Services Co. MA (1.35%). Company insiders that own Public Storage stock include David F Doll, Gary E Pruitt, John Reyes, Lily Yan Hughes, Ronald L Havner, Jr and Ronald P Spogli. 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 Capital World Investors, JPMorgan Chase & Co., FMR LLC, Deutsche Bank AG, Eaton Vance Management, Mitsubishi UFJ Trust & Banking Corp, Securian Asset Management Inc and Donaldson Capital Management LLC. Company insiders that have sold Public Storage company stock in the last year include Gary E Pruitt, John Reyes, Lily Yan Hughes and Ronald L Havner, Jr. View Insider Buying and Selling for Public Storage.
Which major investors are buying Public Storage stock?
PSA stock was acquired by a variety of institutional investors in the last quarter, including MERIAN GLOBAL INVESTORS UK Ltd, Renaissance Technologies LLC, BlackRock Inc., Glenmede Trust Co. NA, Capital International Investors, American Century Companies Inc., Unigestion Holding SA and Prudential Financial Inc.. 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, Scottrade, Fidelity and Charles Schwab.
What is Public Storage's stock price today?
One share of PSA stock can currently be purchased for approximately $210.34.
How big of a company is Public Storage?
Public Storage has a market capitalization of $36.33 billion and generates $2.67 billion in revenue each year. The real estate investment trust earns $1.44 billion in net income (profit) each year or $10.23 on an earnings per share basis. Public Storage employs 5,600 workers across the globe.
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.
