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NYSE:PSAPublic Storage Stock Price, Forecast & News

$202.74
+1.55 (+0.77 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$198.15
Now: $202.74
$204.13
50-Day Range
$175.97
MA: $189.58
$208.59
52-Week Range
$155.37
Now: $202.74
$266.76
Volume1.14 million shs
Average Volume955,489 shs
Market Capitalization$35.44 billion
P/E Ratio27.58
Dividend Yield3.95%
Beta0.1
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: 1.9Community Rank: 1.8Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.56 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
CUSIP74460D10
Phone818-244-8080

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.85 billion
Cash Flow$11.66 per share
Book Value$28.41 per share

Profitability

Net Income$1.52 billion

Miscellaneous

Employees5,900
Market Cap$35.44 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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Public Storage (NYSE:PSA) Frequently Asked Questions

How has Public Storage's stock been impacted by COVID-19 (Coronavirus)?

Public Storage's stock was trading at $220.44 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PSA shares have decreased by 8.0% and is now trading at $202.74. View which stocks have been most impacted by Coronavirus.

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, 4 hold ratings and 3 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, August 4th 2020. View our earnings forecast for Public Storage.

How were Public Storage's earnings last quarter?

Public Storage (NYSE:PSA) issued its quarterly earnings data on Thursday, April, 30th. The real estate investment trust reported $1.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.71 by $0.08. The real estate investment trust had revenue of $716.08 million for the quarter, compared to analysts' expectations of $710 million. Public Storage had a return on equity of 30.33% and a net margin of 52.93%. The business's revenue was up 3.9% compared to the same quarter last year. During the same period last year, the firm posted $1.73 EPS. View Public Storage's earnings history.

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

Public Storage declared a quarterly dividend on Monday, May 4th. Stockholders of record on Monday, June 15th will be paid a dividend of $2.00 per share on Tuesday, June 30th. This represents a $8.00 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend is Friday, June 12th. View Public Storage's dividend history.

What price target have analysts set for PSA?

13 Wall Street analysts have issued twelve-month target prices for Public Storage's stock. Their forecasts range from $159.00 to $267.00. On average, they anticipate Public Storage's stock price to reach $219.90 in the next year. This suggests a possible upside of 8.5% from the stock's current price. View analysts' price targets for Public Storage.

Has Public Storage been receiving favorable news coverage?

Media headlines about PSA stock have been trending somewhat positive this week, InfoTrie Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real time. 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 daily sentiment score of 2.0 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View the latest news aboutPublic Storage.

Are investors shorting Public Storage?

Public Storage saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 4,540,000 shares, an increase of 20.1% from the April 30th total of 3,780,000 shares. Based on an average daily volume of 1,350,000 shares, the short-interest ratio is currently 3.4 days. Approximately 3.0% of the shares of the stock are sold short. View Public Storage's Current Options Chain.

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 AT&T (T), Ford Motor (F), Verizon Communications (VZ), Cisco Systems (CSCO), Johnson & Johnson (JNJ), AbbVie (ABBV), Simon Property Group (SPG), Walt Disney (DIS), Intel (INTC) and Coca-Cola (KO).

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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (9.51%), State Street Corp (6.04%), Cohen & Steers Inc. (4.54%), Wellington Management Group LLP (3.45%), JPMorgan Chase & Co. (2.22%) and APG Asset Management US Inc. (2.04%). Company insiders that own Public Storage stock include B Wayne Et Al Hughes, Gary E Pruitt, Lily Yan Hughes 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 APG Asset Management N.V., Everett Harris & Co. CA, Principal Financial Group Inc., UBS Group AG, APG Asset Management N.V., Massachusetts Financial Services Co. MA, Nuveen Asset Management LLC, and Centersquare Investment Management LLC. View insider buying and selling activity for Public Storage.

Which major investors are buying Public Storage stock?

PSA stock was bought by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., Sumitomo Mitsui Trust Holdings Inc., Capital International Investors, JPMorgan Chase & Co., Canada Pension Plan Investment Board, BlackRock Inc., Mitsubishi UFJ Trust & Banking Corp, and Cbre Clarion Securities 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 $202.74.

How big of a company is Public Storage?

Public Storage has a market capitalization of $35.44 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 5/31/2020 by MarketBeat.com Staff

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