NYSE:PSA

Public Storage - PSA Stock Forecast, Price & News

$298.61

+1.49 (+0.50%)

(As of 11/25/2022 04:00 PM ET)

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Today's Range: $296.50
▼
$302.72
50-Day Range: $274.33
▼
$313.15
52-Week Range: $270.73
▼
$421.76

Volume: 394,028 shs
Average Volume: 761,803 shs
Market Capitalization: $52.45 billion

P/E Ratio: 12.14
Dividend Yield: 2.69%
Price Target: $368.91

Public Storage MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 23.5% Upside
$368.91 Price Target
Short Interest: Healthy
2.03% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.53
Upright™ Environmental Score
News Sentiment: 0.32
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 8.61%
From $15.68 to $17.03 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.64 out of 5 stars

Finance Sector

230th out of 894 stocks

Real Estate Investment Trusts Industry

55th out of 192 stocks

2.3

Analyst's Opinion

Consensus Rating
Public Storage has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 6 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $368.91, Public Storage has a forecasted upside of 23.5% from its current price of $298.61.
Amount of Analyst Coverage
Public Storage has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.03% of the float of Public Storage has been sold short.
Short Interest Ratio / Days to Cover
Public Storage has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Public Storage has recently increased by 5.72%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Public Storage pays a meaningful dividend of 2.69%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Public Storage does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Public Storage is 32.52%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Public Storage will have a dividend payout ratio of 46.98% next year. This indicates that Public Storage will be able to sustain or increase its dividend.

4.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Public Storage has received a 58.13% net impact score from Upright. Public Storage seems to create the most significant positive value in categories "Taxes", "Jobs", and "Societal infrastructure". The positive contribution in the "Societal infrastructure" impact category is driven by its "Storage unit leasing services" product. See details.
Environmental Sustainability
The Environmental Impact score for Public Storage is -0.53.

2.4

News and Social Media Coverage

News Sentiment
Public Storage has a news sentiment score of 0.32. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.67 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Public Storage this week, compared to 5 articles on an average week.
Search Interest
12 people have searched for PSA on MarketBeat in the last 30 days. This is an increase of 9% compared to the previous 30 days.
MarketBeat Follows
Only 6 people have added Public Storage to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Public Storage insiders have not sold or bought any company stock.
Percentage Held by Insiders
11.00% of the stock of Public Storage is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
78.19% of the stock of Public Storage is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Public Storage are expected to grow by 8.61% in the coming year, from $15.68 to $17.03 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Public Storage is 12.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.60.
Price to Earnings Ratio vs. Sector
The P/E ratio of Public Storage is 12.14, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 175.78.
Price to Earnings Growth Ratio
Public Storage has a PEG Ratio of 2.48. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Public Storage has a P/B Ratio of 9.09. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Public Storage (NYSE:PSA) Stock

Public Storage is a REIT focused on acquiring, developing, owning, and operating self-storage facilities in the US and Europe. The company is a member of the S&P 500 and the FT Global 500 and is the world’s 4th largest REIT by market cap. Along with its holdings of self-storage facilities, the company owns a 42% stake in business park company PS Business Parks and is also in business selling packing and storage supplies. The company is headquartered in Glendale California.

The company was founded in 1972 by B. Wayne Hughes and Kenneth Polk who used the leverage of investments from RELPs to grow the business. The original plan was to use the storage warehouses as a means of generating income until the properties were more valuable. The surprise is that demand for storage space was high and led to unexpected profitability.

The company has more than 1,000 locations by 1989 and then, in 1995, it transformed itself into a publicly traded REIT. The transformation was spurred by tax changes that made RELPs obsolete. The transformation was done via a merger with Storage Equities which gave up its name in favor of Public Storage. The company grew again with the acquisition of Shurgard in 2006 but it has since been spun off as its own publicly traded company. Public Storage retains 36% ownership in Shurgard.

As of September 2022, the company owned and operated 2,807 self-storage facilities in 39 states. The total area of rental space exceeded 2 million square feet serving nearly 2 million customers and generating close to $3.5 billion in annual revenues. Shurgard lays claim to another 239 facilities in the EU which amounts to another 13 minion square feet of storage space. PS Business Parks, Inc, which trades under the ticker (NYSE: PSB) owns and operates 28 million square feet of commercial space.

Advantages of Public Storage include scale, leverage, and the balance sheet. The company’s size and scale mean that more than half the US population lives within driving distance of a Public Storage facility. The company gives leverage through its three-pronged acquisition, development, and redevelopment strategy which are all supported by the balance sheet. The company’s balance sheet is set up for growth and is able to self-fund most new projects.

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PSA Stock News Headlines

November 22, 2022 | finance.yahoo.com

What Makes Public Storage (PSA) an Attractive Investment?

November 21, 2022 | finance.yahoo.com

Is Public Storage (PSA) a Safe Investment Choice?

November 26, 2022 | Legacy Research (Affiliate) (Ad)

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November 7, 2022 | seekingalpha.com

Public Storage: An Industry Leader Worth Storing In Any Portfolio

November 7, 2022 | finance.yahoo.com

Worried About a Recession? These 2 Stocks Could Help Get You Through

November 4, 2022 | finance.yahoo.com

Pfizer Stock’s Post-Covid Future Looks Healthy

November 2, 2022 | seekingalpha.com

Public Storage (PSA) Q3 2022 Earnings Call Transcript

November 2, 2022 | finance.yahoo.com

Public Storage (PSA) Q3 FFO & Revenues Top Estimates, View Up

November 26, 2022 | Legacy Research (Affiliate) (Ad)

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November 1, 2022 | markets.businessinsider.com

Public Storage Q3 Income Climbs, Beats estimates

November 1, 2022 | seekingalpha.com

Public Storage guides for better year core FFO after Q3 beat

November 1, 2022 | finance.yahoo.com

Public Storage Reports Results for the Three and Nine Months Ended September 30, 2022

November 1, 2022 | finance.yahoo.com

Public Storage (PSA) Q3 FFO and Revenues Top Estimates

October 31, 2022 | finance.yahoo.com

Why Earnings Season Could Be Great for Public Storage (PSA)

October 26, 2022 | finance.yahoo.com

What's in Store for Public Storage (PSA) in Q3 Earnings?

October 22, 2022 | seekingalpha.com

PSA.PK Public Storage 4.75 DP PFD SH K

October 20, 2022 | nasdaq.com

June 2023 Options Now Available For Public Storage (PSA)

October 11, 2022 | finance.yahoo.com

Those who invested in Public Storage (NYSE:PSA) five years ago are up 62%

October 10, 2022 | finance.yahoo.com

Here's Why Public Storage (PSA) is an Apt Portfolio Pick Now

October 5, 2022 | reuters.com

PSA.PH - Public Storage | Stock Price & Latest News | Reuters

October 4, 2022 | finance.yahoo.com

3 Reasons Growth Investors Will Love Public Storage (PSA)

October 4, 2022 | finance.yahoo.com

Public Storage to Release Third Quarter 2022 Earnings Results and Host Quarterly Conference Call

September 29, 2022 | msn.com

Northwell Hospital launches national gun violence awareness campaign with support of 1K others

September 28, 2022 | finance.yahoo.com

Public Storage to Celebrate its 50th Anniversary by Ringing the NYSE Opening Bell

September 27, 2022 | finance.yahoo.com

3 Dividend Stocks to Fall in Love With Right Now

September 26, 2022 | cnbc.com

Two-minute drill: PSA, MDT & WTW

September 24, 2022 | nasdaq.com

2 Industrial REITs with Minimal Correlation to Economic Output

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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PSA Company Calendar

Last Earnings: 5/03/2022
Ex-Dividend for 9/29 Dividend: 9/13/2022
Dividend Payable: 9/29/2022
Today: 11/26/2022
Ex-Dividend for 12/29 Dividend: 12/13/2022
Dividend Payable: 12/29/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 2/28/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Real estate investment trusts
Sub-Industry: Specialized REITs
Sector: Finance
Current Symbol: NYSE:PSA
CUSIP: 74460D10
CIK: 1393311
Web: www.publicstorage.com
Phone: (818) 244-8080
Fax: 818-244-9530
Employees: 5,800
Year Founded: 1972

Price Target and Rating

Average Stock Price Forecast: $368.91
High Stock Price Forecast: $440.00
Low Stock Price Forecast: $290.00
Forecasted Upside/Downside: +23.5%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): $24.60
Trailing P/E Ratio: 12.14
Forward P/E Ratio: 19.04
P/E Growth: 2.48
Net Income: $1.95 billion
Net Margins: 110.91%
Pretax Margin: 100.69%
Return on Equity: 78.38%
Return on Assets: 24.60%

Debt

Debt-to-Equity Ratio: 1.17
Current Ratio: 1.50
Quick Ratio: 1.50

Sales & Book Value

Annual Sales: $3.42 billion
Price / Sales: 15.35
Cash Flow: $15.31 per share
Price / Cash Flow: 19.51
Book Value: $32.86 per share
Price / Book: 9.09

Miscellaneous

Outstanding Shares: 175,638,000
Free Float: 156,318,000
Market Cap: $52.45 billion
Optionable: Optionable
Beta: 0.40

Social Links

Key Executives

Mr. Joseph D. Russell Jr. (Age 62)
CEO, Pres & Trustee
Comp: $2.21M

Mr. H. Thomas Boyle III (Age 39)
Sr. VP & CFO
Comp: $1.52M

Ms. Natalia N. Johnson (Age 44)
Sr. VP & Chief Admin. Officer
Comp: $1.09M

Mr. Nathaniel A. Vitan (Age 48)
Sr. VP, Chief Legal Officer & Corp. Sec.
Comp: $904.1k

Mr. David Lee CFE
Chief Operating Officer

Mr. Michael Braine
Chief Technology Officer

Mr. Ryan C. Burke
VP of Investor Relations

David Collins
Head of Marketing & VP

Mr. John M. Sambuco
Pres of Asset Management

Mr. Steven H. Lentin
Exec. VP of Operations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

PSA Stock - Frequently Asked Questions

Should I buy or sell Public Storage stock right now?: 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PSA shares.
View PSA analyst ratings or view top-rated stocks.
What is Public Storage's stock price forecast for 2023?: 10 equities research analysts have issued 1 year price objectives for Public Storage's stock. Their PSA share price forecasts range from $290.00 to $440.00. On average, they predict the company's share price to reach $368.91 in the next twelve months. This suggests a possible upside of 23.5% from the stock's current price.
View analysts price targets for PSA or view top-rated stocks among Wall Street analysts.
How have PSA shares performed in 2022?: Public Storage's stock was trading at $374.56 on January 1st, 2022. Since then, PSA shares have decreased by 20.3% and is now trading at $298.61.
View the best growth stocks for 2022 here.
When is Public Storage's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our PSA earnings forecast.
How were Public Storage's earnings last quarter?: Public Storage (NYSE:PSA) released its quarterly earnings data on Tuesday, May, 3rd. The real estate investment trust reported $2.63 earnings per share for the quarter, missing analysts' consensus estimates of $3.59 by $0.96. The real estate investment trust earned $749.27 million during the quarter, compared to analysts' expectations of $985.58 million. Public Storage had a net margin of 110.91% and a trailing twelve-month return on equity of 78.38%. The company's revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.82 earnings per share.
Read the conference call transcript.
How often does Public Storage pay dividends? What is the dividend yield for Public Storage?: Public Storage declared a quarterly dividend on Wednesday, October 26th. Investors of record on Wednesday, December 14th will be given a dividend of $2.00 per share on Thursday, December 29th. This represents a $8.00 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Tuesday, December 13th.
Read our dividend analysis for PSA.
Is Public Storage a good dividend stock?: Public Storage (NYSE:PSA) pays an annual dividend of $8.00 per share and currently has a dividend yield of 2.69%. The dividend payout ratio is 32.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PSA will have a dividend payout ratio of 46.98% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PSA.
What guidance has Public Storage issued on next quarter's earnings?: Public Storage updated its FY 2022 earnings guidance on Tuesday, November, 8th. The company provided earnings per share guidance of $15.35-$15.75 for the period, compared to the consensus earnings per share estimate of $15.70. The company issued revenue guidance of -.

What is Ronald L. Havner Jr.'s approval rating as Public Storage's CEO?: 736 employees have rated Public Storage Chief Executive Officer Ronald L. Havner Jr. on Glassdoor.com. Ronald L. Havner Jr. has an approval rating of 66% among the company's employees.
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), Verizon Communications (VZ), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Intel (INTC), Pfizer (PFE), Procter & Gamble (PG), Walmart (WMT), Ford Motor (F) and Walt Disney (DIS).
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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.67%), BlackRock Inc. (9.77%), State Street Corp (6.48%), Cohen & Steers Inc. (5.66%), Dimensional Fund Advisors LP (1.21%) and Daiwa Securities Group Inc. (1.05%). Insiders that own company stock include Heisz Leslie Stone, John Reyes, Nathaniel A Vitan, Nathaniel A Vitan, Rebecca L Owen, Ronald L Havner Jr, Tamara Hughes Gustavson and Uri P Harkham.
View institutional ownership trends.
How do I buy shares of Public Storage?: Shares of PSA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Public Storage's stock price today?: One share of PSA stock can currently be purchased for approximately $298.61.
How much money does Public Storage make?: Public Storage (NYSE:PSA) has a market capitalization of $52.45 billion and generates $3.42 billion in revenue each year. The real estate investment trust earns $1.95 billion in net income (profit) each year or $24.60 on an earnings per share basis.
How many employees does Public Storage have?: The company employs 5,800 workers across the globe.
How can I contact Public Storage?: Public Storage's mailing address is 701 WESTERN AVENUE, GLENDALE CA, 91201. The official website for the company is www.publicstorage.com. The real estate investment trust can be reached via phone at (818) 244-8080 or via fax at 818-244-9530.

This page (NYSE:PSA) was last updated on 11/26/2022 by MarketBeat.com Staff

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