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NYSE:PSAPublic Storage Stock Price, Forecast & News

-0.61 (-0.31 %)
(As of 08/13/2020 04:00 PM ET)
Today's Range
Now: $198.38
50-Day Range
MA: $194.12
52-Week Range
Now: $198.38
Volume509,700 shs
Average Volume1.10 million shs
Market Capitalization$34.68 billion
P/E Ratio28.34
Dividend Yield4.03%
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. Our headquarters are located in Glendale, California.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.8Community Rank: 1.8Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.75 out of 5 stars

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustrySpecialized REITs



Sales & Book Value

Annual Sales$2.85 billion
Cash Flow$11.61 per share
Book Value$28.75 per share


Net Income$1.52 billion


Market Cap$34.68 billion
Next Earnings Date11/3/2020 (Estimated)
-0.61 (-0.31 %)
(As of 08/13/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Public Storage (NYSE:PSA) Frequently Asked Questions

How has Public Storage's stock been impacted by Coronavirus?

Public Storage's stock was trading at $220.44 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PSA shares have decreased by 10.0% and is now trading at $198.38.
View which stocks have been most impacted by COVID-19

Do Wall Street analysts recommend investors buy shares of Public Storage?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last year. There are currently 6 sell ratings, 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Public Storage

When is Public Storage's next earnings date?

Public Storage is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Public Storage

How were Public Storage's earnings last quarter?

Public Storage (NYSE:PSA) issued its earnings results on Wednesday, August, 5th. The real estate investment trust reported $1.41 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $2.52 by $1.11. The real estate investment trust had revenue of $709.29 million for the quarter, compared to analyst estimates of $709.42 million. Public Storage had a return on equity of 28.12% and a net margin of 48.65%. The firm's revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.64 EPS.
View Public Storage's earnings history

How often does Public Storage pay dividends? What is the dividend yield for Public Storage?

Public Storage announced a quarterly dividend on Monday, August 3rd. Shareholders of record on Tuesday, September 15th will be paid a dividend of $2.00 per share on Wednesday, September 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Monday, September 14th.
View Public Storage's dividend history

What price target have analysts set for PSA?

13 Wall Street analysts have issued 12 month target prices for Public Storage's stock. Their forecasts range from $175.00 to $267.00. On average, they anticipate Public Storage's share price to reach $219.62 in the next twelve months. This suggests a possible upside of 10.7% from the stock's current price.
View analysts' price targets for Public Storage

Has Public Storage been receiving favorable news coverage?

News stories about PSA stock have been trending negative this week, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Public Storage earned a media sentiment score of -2.4 on InfoTrie's scale. They also gave news headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next few days.
View the latest news about Public Storage

Are investors shorting Public Storage?

Public Storage saw a increase in short interest in April. As of April 30th, there was short interest totaling 4,540,000 shares, an increase of 20.1% from the April 15th total of 3,780,000 shares. Based on an average trading volume of 1,350,000 shares, the days-to-cover ratio is currently 3.4 days. Currently, 3.0% of the shares of the company are short sold.
View Public Storage's Short Interest

Who are some of Public Storage's key competitors?

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 Verizon Communications (VZ), AT&T (T), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Ford Motor (F), Home Depot (HD), Coca-Cola (KO), Procter & Gamble (PG), AbbVie (ABBV) and Mcdonald's (MCD).

Who are Public Storage's key executives?

Public Storage's management team includes the following 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)

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 a number of retail and institutional investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.98%), California Public Employees Retirement System (0.75%), Bank of New York Mellon Corp (0.74%), Goldman Sachs Group Inc. (0.60%), Victory Capital Management Inc. (0.54%) and Swiss National Bank (0.50%). Company insiders that own Public Storage stock include B Wayne Et Al Hughes, Gary E Pruitt, Lily Yan Hughes, Nathaniel A Vitan and Ronald L Havner, Jr.
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 Goldman Sachs Group Inc., Toronto Dominion Bank, Victory Capital Management Inc., Russell Investments Group Ltd., Bank of New York Mellon Corp, Principal Financial Group Inc., MERIAN GLOBAL INVESTORS UK Ltd, and Ensign Peak Advisors Inc. Company insiders that have sold Public Storage company stock in the last year include B Wayne Et Al Hughes, and Nathaniel A Vitan.
View insider buying and selling activity for Public Storage

Which major investors are buying Public Storage stock?

PSA stock was purchased by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc., TD Asset Management Inc., UBS Group AG, Healthcare of Ontario Pension Plan Trust Fund, FMR LLC, CIBC Asset Management Inc, FIL Ltd, and Rafferty Asset Management LLC.
View insider buying and selling activity 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 $198.38.

How big of a company is Public Storage?

Public Storage has a market capitalization of $34.68 billion and generates $2.85 billion in revenue each year. The real estate investment trust earns $1.52 billion in net income (profit) each year or $10.75 on an earnings per share basis. Public Storage employs 5,900 workers across the globe.

What is Public Storage's official website?

The official website for Public Storage is www.publicstorage.com.

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.

This page was last updated on 8/14/2020 by MarketBeat.com Staff

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