Public Storage Stock Forecast, Price & News

$311.04
-6.35 (-2.00 %)
(As of 09/17/2021 04:00 PM ET)
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Today's Range
$310.25
$318.09
50-Day Range
$304.73
$331.04
52-Week Range
$212.22
$332.95
Volume1.41 million shs
Average Volume754,935 shs
Market Capitalization$54.50 billion
P/E Ratio42.84
Dividend Yield2.52%
Beta0.1
30 days | 90 days | 365 days | Advanced Chart
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Public Storage logo

About Public Storage

Public Storage operates as a real estate investment trust. The firm engages in acquiring, developing, owning and operating self-storage facilities. It operates through the following segments: Self-storage Operations, Ancillary Operations, Investment in PS Business Parks and Investment in Shurgard. The Self-storage Operations segment reflects the rental operations from all self-storage facilities. The Ancillary Operations segment deals with the sale of merchandise and reinsurance of policies against losses to goods stored by self-storage tenants, activities which are incidental to the primary self-storage rental activities. The Investment in PS Business Parks segment includes commercial properties, primarily multi-tenant flex, office, and industrial parks. The Investment in Shurgard segment owns self-storage facilities located in seven countries in Western Europe operated under the Shurgard brand name. The company was founded by Bradley Wayne Hughes, Sr. and Kenneth Q. Volk, Jr. in 1972 and is headquartered in Glendale, CA.

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MarketRank

Overall MarketRank

2.36 out of 5 stars

Finance Sector

317th out of 1,330 stocks

Real Estate Investment Trusts Industry

71st out of 219 stocks

Analyst Opinion: 2.1Community Rank: 3.5Dividend Strength: 1.7Insider Behavior: 3.3Valuation: 1.3 5 -4 -3 -2 -1 -
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Public Storage (NYSE:PSA) Frequently Asked Questions

Is Public Storage a buy right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last year. There are currently 1 sell rating, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Public Storage stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PSA, but not buy additional shares or sell existing shares.
View analyst ratings for Public Storage
or view top-rated stocks.

What stocks does MarketBeat like better than Public Storage?

Wall Street analysts have given Public Storage a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Public Storage wasn't one of them. MarketBeat thinks these five companies 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 Wednesday, November 3rd 2021.
View our earnings forecast for Public Storage
.

How were Public Storage's earnings last quarter?

Public Storage (NYSE:PSA) released its quarterly earnings data on Tuesday, August, 3rd. The real estate investment trust reported $1.97 earnings per share for the quarter, missing the consensus estimate of $2.93 by $0.96. Public Storage had a net margin of 46.87% and a trailing twelve-month return on equity of 31.12%. During the same quarter last year, the business posted $1.41 earnings per share.
View Public Storage's earnings history
.

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

Public Storage's stock was trading at $220.44 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PSA shares have increased by 41.1% and is now trading at $311.04.
View which stocks have been most impacted by COVID-19
.

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

Public Storage declared a quarterly dividend on Tuesday, August 3rd. Shareholders of record on Wednesday, September 15th will be given a dividend of $2.00 per share on Thursday, September 30th. This represents a $8.00 annualized dividend and a dividend yield of 2.57%. The ex-dividend date is Tuesday, September 14th.
View Public Storage's dividend history
.

Is Public Storage a good dividend stock?

Public Storage pays an annual dividend of $8.00 per share and currently has a dividend yield of 2.52%. The dividend payout ratio of Public Storage is 75.40%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Public Storage will have a dividend payout ratio of 59.97% next year. This indicates that Public Storage will be able to sustain or increase its dividend.
View Public Storage's dividend history.

What guidance has Public Storage issued on next quarter's earnings?

Public Storage updated its FY 2021 earnings guidance on Tuesday, August, 24th. The company provided earnings per share (EPS) guidance of $11.900-$12.300 for the period. The company issued revenue guidance of -.

What price target have analysts set for PSA?

10 brokerages have issued 1 year price targets for Public Storage's stock. Their forecasts range from $228.00 to $350.00. On average, they expect Public Storage's stock price to reach $311.30 in the next twelve months. This suggests a possible upside of 0.1% from the stock's current price.
View analysts' price targets for Public Storage
or view top-rated stocks among Wall Street analysts.

Who are Public Storage's key executives?

Public Storage's management team includes the following people:
  • Joseph D. Russell, President, Chief Executive Officer & Trustee
  • H. Thomas Boyle, Chief Financial Officer & Senior Vice President
  • Nathaniel A. Vitan, Secretary, Chief Legal Officer & Senior VP (LinkedIn Profile)
  • Natalia N. Johnson, SVP, Chief Human Resource & Administrative Officer
  • Ryan C. Burke, Vice President-Investor Relations

What is Ronald L. Havner Jr.'s approval rating as Public Storage's CEO?

736 employees have rated Public Storage CEO Ronald L. Havner Jr. on Glassdoor.com. Ronald L. Havner Jr. has an approval rating of 66% among Public Storage's employees.

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), 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).

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 investors include Vanguard Group Inc. (11.39%), BlackRock Inc. (9.69%), State Street Corp (5.66%), JPMorgan Chase & Co. (1.97%), Geode Capital Management LLC (1.73%) and Northern Trust Corp (1.42%). Company insiders that own Public Storage stock include Heisz Leslie Stone, John Reyes, 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 Invesco Ltd., Canada Pension Plan Investment Board, Swiss National Bank, Citigroup Inc., Nan Shan Life Insurance Co. Ltd., BlackRock Inc., Sumitomo Mitsui Trust Holdings Inc., and Wells Fargo & Company MN. Company insiders that have sold Public Storage company stock in the last year include Heisz Leslie Stone, John Reyes, and Nathaniel A Vitan.
View insider buying and selling activity for Public Storage
or view top insider-selling stocks.

Which major investors are buying Public Storage stock?

PSA stock was acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can, State Street Corp, Amundi, Morgan Stanley, Morgan Stanley, Heitman Real Estate Securities LLC, Legal & General Group Plc, and Resolution Capital Ltd. 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
or or view top insider-buying stocks.

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 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 $311.04.

How much money does Public Storage make?

Public Storage has a market capitalization of $54.50 billion and generates $2.92 billion in revenue each year. The real estate investment trust earns $1.36 billion in net income (profit) each year or $10.61 on an earnings per share basis.

How many employees does Public Storage have?

Public Storage employs 5,400 workers across the globe.

When was Public Storage founded?

Public Storage was founded in 1972.

What is Public Storage's official website?

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

Where are Public Storage's headquarters?

Public Storage is headquartered at 701 WESTERN AVENUE, GLENDALE CA, 91201.

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 9/18/2021 by MarketBeat.com Staff
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