About Public Storage (NYSE:PSA)
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 December 31, 2017, we had interests in 2,386 self-storage facilities located in 38 states with approximately 159 million net rentable square feet in the United States and 222 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 December 31, 2017. Additional information about Public Storage is available on our website, PublicStorage.com.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
SymbolNYSE:PSA
CUSIP74460D10
Phone818-244-8080
Debt
Debt-to-Equity RatioN/A
Current Ratio0.25%
Quick Ratio0.25%
Price-To-Earnings
Trailing P/E Ratio18.86
Forward P/E Ratio18.28
P/E Growth3.81
Sales & Book Value
Annual Sales$2.67 billion
Price / Sales12.59
Cash Flow$10.9162 per share
Price / Cash17.67
Book Value$28.41 per share
Price / Book6.79
Profitability
EPS (Most Recent Fiscal Year)$10.23
Net Income$1.44 billion
Net Margins51.16%
Return on Equity27.48%
Return on Assets13.02%
Miscellaneous
Employees5,600
Outstanding Shares174,210,000
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 announced a quarterly dividend on Tuesday, February 20th. Stockholders of record on Wednesday, March 14th will be given a dividend of $2.00 per share on Thursday, March 29th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date is Tuesday, March 13th. View Public Storage's Dividend History.
How were Public Storage's earnings last quarter?
Public Storage (NYSE:PSA) released its quarterly earnings data on Tuesday, February, 20th. The real estate investment trust reported $2.75 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $2.72 by $0.03. The real estate investment trust earned $634.22 million during the quarter, compared to the consensus estimate of $643.46 million. Public Storage had a return on equity of 27.48% and a net margin of 51.16%. The business's quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.03 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?
15 Wall Street analysts have issued twelve-month target prices for Public Storage's stock. Their predictions range from $179.00 to $250.00. On average, they anticipate Public Storage's share price to reach $204.60 in the next year. 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. 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)
- 2. According to Zacks Investment Research, "Shares of Public Storage have underperformed the industry it belongs to in the past three months. Moreover, the stock has seen the Zacks Consensus Estimate for fourth-quarter 2017 funds from operations (FFO) per share being revised downward in two months’ time. Admittedly, Public Storage is a recognized and established name in the self-storage industry in the United States and its acquisition and expansion efforts look encouraging. Late in 2017, the company unveiled a new facility in Richmond, TX. The facility marked the company’s seventh in the Houston area in the year. However, supply has been rising in a number of its markets. This limits its power to raise rents and turn on more discounting. Further, rate hike have added to its woes." (1/24/2018)
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 International (CCI), Prologis (PLD), Equinix (EQIX), Weyerhaeuser (WY), Unibail-Rodamco (UNRDY), AvalonBay Communities (AVB), Equity Residential (EQR), Digital Realty (DLR), Welltower (WELL), GGP (GGP), Boston Properties (BXP), Ventas (VTR), Essex Property Trust (ESS), Host Marriott L P (HST), Realty Income (O) and Gecina (GECFF).
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)
- Mr. B. Wayne Hughes Sr., Founder & Chairman Emeritus (Age 84)
- Mr. Steven Lentin, VP & COO
Has Public Storage been receiving favorable news coverage?
News stories about PSA stock have trended somewhat positive this week, according to Accern. The research firm rates the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Public Storage earned a news sentiment score of 0.08 on Accern's scale. They also assigned news articles about the real estate investment trust an impact score of 46.78 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term.
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 $192.89.
How big of a company is Public Storage?
Public Storage has a market capitalization of $33.58 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.
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 (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.
Public Storage (NYSE:PSA) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
15 Wall Street analysts have issued ratings and price targets for Public Storage in the last 12 months. Their average twelve-month price target is $204.60, suggesting that the stock has a possible upside of 6.07%. The high price target for PSA is $250.00 and the low price target for PSA is $179.00. There are currently 5 sell ratings, 9 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 1.73 | 1.73 | 1.62 | 1.82 |
| Ratings Breakdown: | 5 Sell Rating(s)
9 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 5 Sell Rating(s)
9 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 6 Sell Rating(s)
6 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 3 Sell Rating(s)
7 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $204.60 | $204.4667 | $209.3846 | $214.7273 |
| Price Target Upside: | 6.07% upside | 5.06% upside | 1.10% downside | 0.03% upside |
Public Storage (NYSE:PSA) Consensus Price Target History
Public Storage (NYSE:PSA) Analyst Ratings History
Show:
(Data available from 4/23/2016 forward)
Public Storage (NYSE:PSA) Dividend Information
Public Storage pays an annual dividend of $8.00 per share, with a dividend yield of 4.15%. PSA's most recent quarterly dividend payment was Thursday, March 29. The company has grown its dividend for the last 8 consecutive years and is increasing its dividend by an average of 12.60% each year. Public Storage pays out 78.20% of its earnings out as a dividend.
| Most Recent Dividend: | 3/29/2018 |
| Annual Dividend: | $8.00 |
| Dividend Yield: | 4.15% |
| Dividend Growth: | 12.60% (3 Year Average) |
| Payout Ratio: | 78.20% (Trailing 12 Months of Earnings)
75.83% (Based on This Year's Estimates)
73.46% (Based on Next Year's Estimates)
|
| Track Record: | 8 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
Public Storage (NYSE:PSA) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/20/2018 | quarterly | $2.00 | 4.29391873758789% | 3/13/2018 | 3/14/2018 | 3/29/2018 |
| 10/25/2017 | quarterly | $2.00 | 3.82% | 12/12/2017 | 12/13/2017 | 12/28/2017 |
| 7/26/2017 | quarterly | $2.00 | 4.03% | 9/12/2017 | 9/13/2017 | 9/28/2017 |
| 4/26/2017 | quarterly | $2.00 | 3.76% | 6/12/2017 | 6/14/2017 | 6/29/2017 |
| 2/22/2017 | quarterly | $2.00 | 3.5% | 3/13/2017 | 3/15/2017 | 3/30/2017 |
| 10/26/2016 | quarterly | $2.00 | 3.85% | 12/12/2016 | 12/14/2016 | 12/29/2016 |
| 7/27/2016 | quarterly | $1.80 | 3.02% | 9/12/2016 | 9/14/2016 | 9/29/2016 |
| 4/26/2016 | quarterly | $1.80 | 2.9% | 6/13/2016 | 6/15/2016 | 6/30/2016 |
| 2/18/2016 | quarterly | $1.70 | 2.76% | 3/14/2016 | 3/16/2016 | 3/31/2016 |
| 10/30/2015 | quarterly | $1.70 | 2.96% | 12/11/2015 | 12/15/2015 | 12/30/2015 |
| 7/29/2015 | quarterly | $1.70 | 3.31% | 9/11/2015 | 9/15/2015 | 9/30/2015 |
| 4/30/2015 | quarterly | $1.70 | 3.58% | 6/11/2015 | 6/15/2015 | 6/30/2015 |
| 2/23/2015 | quarterly | $1.40 | 2.79% | 3/12/2015 | 3/16/2015 | 3/31/2015 |
| 10/30/2014 | quarterly | $1.40 | 3.04% | 12/11/2014 | 12/15/2014 | 12/30/2014 |
| 8/4/2014 | quarterly | $1.40 | 3.24% | 9/11/2014 | 9/15/2014 | 9/30/2014 |
| 5/2/2014 | quarterly | $1.40 | 3.28% | 6/11/2014 | 6/13/2014 | 6/30/2014 |
| 2/20/2014 | quarterly | $1.40 | 3.36% | 3/12/2014 | 3/14/2014 | 3/31/2014 |
| 10/31/2013 | quarterly | $1.40 | 3.31% | 12/11/2013 | 12/13/2013 | 12/30/2013 |
| 8/5/2013 | quarterly | $1.25 | 3.08% | 9/11/2013 | 9/13/2013 | 9/30/2013 |
| 5/10/2013 | quarterly | $1.25 | 3.04% | 6/10/2013 | 6/12/2013 | 6/27/2013 |
| 2/22/2013 | quarterly | $1.25 | 3.28% | 3/11/2013 | 3/13/2013 | 3/28/2013 |
(Data available from 1/1/2013 forward)
Public Storage (NYSE PSA) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 14.00%
Institutional Ownership Percentage: 81.68%
Public Storage (NYSE PSA) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/15/2018 | Lily Yan Hughes | SVP | Sell | 443 | $194.53 | $86,176.79 | |  |
| 12/14/2017 | Gary E Pruitt | Director | Sell | 5,000 | $212.09 | $1,060,450.00 | 8,350 | |
| 12/1/2017 | John Reyes | Insider | Sell | 60,000 | $212.24 | $12,734,400.00 | | |
| 8/3/2017 | Ronald P Spogli | Director | Buy | 2,000 | $200.59 | $401,180.00 | | |
| 6/13/2017 | John Reyes | Insider | Sell | 60,000 | $207.11 | $12,426,600.00 | | |
| 5/12/2017 | John Reyes | Insider | Sell | 65,000 | $208.44 | $13,548,600.00 | | |
| 3/14/2017 | Ronald L. Havner, Jr. | CEO | Sell | 83,000 | $219.52 | $18,220,160.00 | | |
| 3/8/2017 | John Reyes | Insider | Sell | 65,000 | $225.09 | $14,630,850.00 | | |
| 3/7/2017 | Gary E Pruitt | Director | Sell | 5,000 | $227.48 | $1,137,400.00 | 5,850 | |
| 3/6/2017 | Lily Yan Hughes | SVP | Sell | 658 | $227.76 | $149,866.08 | | |
| 3/3/2017 | David F. Doll | Insider | Sell | 20,000 | $225.34 | $4,506,800.00 | | |
| 12/14/2016 | John Reyes | Insider | Sell | 50,000 | $215.42 | $10,771,000.00 | | |
| 11/11/2016 | Tamara Hughes Gustavson | Director | Buy | 69,763 | $214.98 | $14,997,649.74 | 16,396,449 | |
| 11/10/2016 | John Reyes | Insider | Sell | 60,000 | $216.32 | $12,979,200.00 | | |
| 9/14/2016 | John Reyes | Insider | Sell | 30,000 | $215.41 | $6,462,300.00 | | |
| 6/8/2016 | B Wayne Hughes Jr | Director | Buy | 22,100 | $252.42 | $5,578,482.00 | | |
| 3/3/2016 | David F. Doll | SVP | Sell | 20,000 | $252.25 | $5,045,000.00 | 74,975 | |
| 12/14/2015 | John Reyes | CFO | Sell | 25,000 | $248.50 | $6,212,500.00 | 148,822 | |
| 12/11/2015 | B Wayne Et Al Hughes | Chairman | Sell | 420 | $241.27 | $101,333.40 | | |
| 8/20/2015 | David F. Doll | SVP | Sell | 5,000 | $216.30 | $1,081,500.00 | 46,962 | |
| 5/22/2015 | Tamara Hughes Gustavson | Director | Sell | 240,250 | $196.14 | $47,122,635.00 | | |
| 5/19/2015 | Tamara Hughes Gustavson | Director | Sell | 159,750 | $199.12 | $31,809,420.00 | | |
| 3/16/2015 | Avedick Baruyr Poladian | Director | Buy | 2,000 | $189.14 | $378,280.00 | | |
| 3/3/2015 | Uri P Harkham | Director | Sell | 5,000 | $196.81 | $984,050.00 | | |
| 11/11/2014 | Candace N Krol | VP | Sell | 15,000 | $187.78 | $2,816,700.00 | | |
| 8/18/2014 | David F Doll | SVP | Sell | 17,500 | $175.58 | $3,072,650.00 | | |
| 8/13/2014 | Candace N Krol | VP | Sell | 10,000 | $175.61 | $1,756,100.00 | | |
| 8/13/2014 | Ronald P Spogli | Director | Sell | 25,000 | $175.78 | $4,394,500.00 | | |
| 8/12/2014 | Candace N Krol | VP | Sell | 1,900 | $175.05 | $332,595.00 | | |
| 8/7/2014 | Candace N Krol | VP | Sell | 14,282 | $172.72 | $2,466,787.04 | | |
| 6/13/2014 | John Reyes | CFO | Sell | 25,000 | $169.49 | $4,237,250.00 | | |
| 5/16/2014 | David Doll | SVP | Sell | 7,436 | $172.03 | $1,279,215.08 | 38,235 | |
| 5/13/2014 | Candace Krol | VP | Sell | 7,398 | $173.00 | $1,279,854.00 | 37,008 | |
| 5/13/2014 | David Doll | SVP | Sell | 7,564 | $172.39 | $1,303,957.96 | 38,235 | |
| 3/14/2014 | Candace Krol | VP | Sell | 7,000 | $168.08 | $1,176,560.00 | 37,498 | |
| 3/14/2014 | Ronald Havner, Jr. | CEO | Sell | 83,000 | $168.18 | $13,958,940.00 | 84,454 | |
| 3/14/2014 | Steven Glick | SVP | Sell | 10,000 | $168.17 | $1,681,700.00 | 13,667 | |
| 3/12/2014 | John Reyes | CFO | Sell | 50,000 | $166.78 | $8,339,000.00 | 118,353 | |
| 3/11/2014 | David Doll | SVP | Sell | 50,000 | $167.70 | $8,385,000.00 | 38,954 | |
| 3/6/2014 | Candace Krol | VP | Sell | 3,802 | $170.28 | $647,404.56 | 37,498 | |
| 9/6/2013 | David F Doll | SVP | Sell | 30,000 | $153.57 | $4,607,100.00 | | |
| 5/22/2013 | Candace N Krol | VP | Sell | 1,800 | $168.06 | $302,508.00 | | |
| 5/21/2013 | Shawn Weidmann | Director | Sell | 15,000 | $167.28 | $2,509,200.00 | | |
| 5/17/2013 | Candace N Krol | VP | Sell | 10,000 | $167.13 | $1,671,300.00 | | |
| 5/14/2013 | David F Doll | Insider | Sell | 40,000 | $164.62 | $6,584,800.00 | | |
| 5/14/2013 | Gary E Pruitt | Director | Sell | 28,120 | $164.90 | $4,636,988.00 | | |
(Data available from 1/1/2013 forward)
Public Storage (NYSE PSA) News Headlines
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Public Storage (NYSE:PSA) SEC Filings
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Public Storage (NYSE:PSA) Income Statement, Balance Sheet and Cash Flow Statement
Public Storage (NYSE PSA) Stock Chart for Monday, April, 23, 2018
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