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NYSE:PSA

Public Storage Stock Forecast, Price & News

$223.59
+1.52 (+0.68 %)
(As of 11/25/2020 02:22 PM ET)
Add
Compare
Today's Range
$221.46
Now: $223.59▼
$224.65
50-Day Range
$219.13
MA: $231.85▼
$236.23
52-Week Range
$155.37
Now: $223.59▼
$240.75
Volume24,985 shs
Average Volume1.00 million shs
Market Capitalization$39.09 billion
P/E Ratio31.94
Dividend Yield3.65%
Beta0.13
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 September 30, 2020, we had: (i) interests in 2,504 self-storage facilities located in 38 states with approximately 171 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 239 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the ÂShurgard 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 September 30, 2020. Our headquarters are located in Glendale, California.
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Public Storage logo

Beat the Market (BTM) Rank™

Analyst Opinion: 0.9Community Rank: 1.8Dividend Strength: 2.5Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.67 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
Current SymbolNYSE:PSA
Previous Symbol
CUSIP74460D10
CIK1393311
Webwww.publicstorage.com
Phone818-244-8080
Employees5,900

Debt

Debt-to-Equity Ratio0.50
Current Ratio3.21
Quick Ratio3.21

Price-To-Earnings

Trailing P/E Ratio31.94
Forward P/E Ratio21.48
P/E Growth6.62

Sales & Book Value

Annual Sales$2.85 billion
Price / Sales13.73
Cash Flow$11.28 per share
Price / Cash Flow19.83
Book Value$28.75 per share
Price / Book7.78

Profitability

EPS (Most Recent Fiscal Year)$10.75
Net Income$1.52 billion
Net Margins48.65%
Return on Equity28.12%
Return on Assets11.90%

Miscellaneous

Outstanding Shares174,822,000
Market Cap$39.09 billion
Next Earnings Date2/23/2021 (Estimated)
OptionableOptionable
$223.59
+1.52 (+0.68 %)
(As of 11/25/2020 02:22 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 (COVID-19)?

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 stock has increased by 1.4% and is now trading at $223.54.
View which stocks have been most impacted by COVID-19.

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

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last year. There are currently 4 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.

What stocks does MarketBeat like better than Public Storage?

Wall Street analysts have given Public Storage a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Public Storage wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Public Storage's next earnings date?

Public Storage is scheduled to release its next quarterly earnings announcement on Tuesday, February 23rd 2021.
View our earnings forecast for Public Storage.

How were Public Storage's earnings last quarter?

Public Storage (NYSE:PSA) issued its quarterly earnings results on Wednesday, November, 4th. The real estate investment trust reported $1.41 EPS for the quarter, missing the Zacks' consensus estimate of $2.60 by $1.19. The real estate investment trust earned $730.66 million during the quarter, compared to the consensus estimate of $728.78 million. Public Storage had a return on equity of 28.12% and a net margin of 48.65%. The company's quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.73 earnings per share.
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 Wednesday, November 4th. Investors of record on Tuesday, December 15th will be given a dividend of $2.00 per share on Wednesday, December 30th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 3.58%. The ex-dividend date is Monday, December 14th.
View Public Storage's dividend history.

What price target have analysts set for PSA?

11 brokers have issued twelve-month price targets for Public Storage's shares. Their forecasts range from $175.00 to $267.00. On average, they expect Public Storage's share price to reach $214.30 in the next twelve months. This suggests that the stock has a possible downside of 4.1%.
View analysts' price targets for Public Storage.

Are investors shorting Public Storage?

Public Storage saw a decrease in short interest during the month of October. As of October 30th, there was short interest totaling 2,800,000 shares, a decrease of 24.7% from the October 15th total of 3,720,000 shares. Based on an average daily volume of 756,600 shares, the days-to-cover ratio is currently 3.7 days. Currently, 1.8% of the shares of the stock are short sold.
View Public Storage's Short Interest.

Who are some of Public Storage's key competitors?

Some companies that are related to Public Storage include American Tower (AMT), Welltower (WELL), Weyerhaeuser (WY), Ventas (VTR), HCP (HCP), Extra Space Storage (EXR), Medical Properties Trust (MPW), Host Hotels & Resorts (HST), Omega Healthcare Investors (OHI), CubeSmart (CUBE), Life Storage (LSI), Healthcare Realty Trust (HR), Rayonier (RYN), Sabra Health Care REIT (SBRA) and Ryman Hospitality Properties (RHP).
View all 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), Verizon Communications (VZ), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Intel (INTC), Pfizer (PFE), The Procter & Gamble (PG), Walmart (WMT), Ford Motor (F) and The Walt Disney (DIS).

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 60, Pay $1.42M)
  • Mr. H. Thomas Boyle III, CFO & Sr. VP (Age 37, Pay $1.11M)
  • Ms. Natalia N. Johnson, Sr. VP, Chief Admin. Officer & Chief HR Officer (Age 42, Pay $811.2k)
  • Mr. Nathaniel A. Vitan, Sr. VP, Chief Legal Officer & Corp. Sec. (Age 46, Pay $839.82k)
  • Mr. B. Wayne Hughes Sr., Founder & Chairman Emeritus (Age 86)
  • Mark A. Delcher, Sr. VP & Chief Information Officer
  • Mr. Ryan C. Burke, VP of Investor Services
  • Mr. John M. Sambuco, Pres of Asset Management
  • Mr. Steven H. Lentin, Exec. VP of Operations
  • Mr. Michael K. McGowan, Sr. VP of Acquisitions

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 variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.71%), State Street Corp (5.62%), JPMorgan Chase & Co. (2.51%), Daiwa Securities Group Inc. (1.51%), Massachusetts Financial Services Co. MA (0.93%) and Nuveen Asset Management LLC (0.88%). Company insiders that own Public Storage stock include B Wayne Et Al Hughes, Lily Yan Hughes, Nathaniel A Vitan, Ronald L Havner Jr, Tamara Hughes Gustavson and Uri P Harkham.
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 Massachusetts Financial Services Co. MA, State Street Corp, Crossmark Global Holdings Inc., Lasalle Investment Management Securities LLC, Natixis, Los Angeles Capital Management & Equity Research Inc., Morgan Stanley, and AQR Capital Management LLC. Company insiders that have sold Public Storage company stock in the last year include Nathaniel A Vitan, and Uri P Harkham.
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 JPMorgan Chase & Co., Prudential PLC, Daiwa Securities Group Inc., BlackRock Inc., Diamond Hill Capital Management Inc., Westwood Holdings Group Inc., Aew Capital Management L P, and Nuveen Asset Management LLC. Company insiders that have bought Public Storage stock in the last two years include Ronald L Havner Jr, and Tamara Hughes Gustavson.
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 $223.54.

How big of a company is Public Storage?

Public Storage has a market capitalization of $39.08 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 11/25/2020 by MarketBeat.com Staff
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