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Big climate bill; Spending green bucks to boost green energy
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S&P 500   4,207.27
DOW   33,336.67
QQQ   324.08
Find and Profitably Trade Stocks at 52-Week Lows
Russia Ignites West's Battle for Energy Independence (Ad)
Why Invest in High-Yield Dividend Stocks?
Disney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Want To Catch The Next Hot Investing Trend (Look Inside?) (Ad)
Closing prices for crude oil, gold and other commodities
Look at Honeywell for a Steady and Diversified Stock
Big climate bill; Spending green bucks to boost green energy
Want To Catch The Next Hot Investing Trend (Look Inside?) (Ad)
S&P 500   4,207.27
DOW   33,336.67
QQQ   324.08
Find and Profitably Trade Stocks at 52-Week Lows
Russia Ignites West's Battle for Energy Independence (Ad)
Why Invest in High-Yield Dividend Stocks?
Disney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
Solar Stocks Shine Brightly After Passage Of Clean Energy Bill
Want To Catch The Next Hot Investing Trend (Look Inside?) (Ad)
Closing prices for crude oil, gold and other commodities
Look at Honeywell for a Steady and Diversified Stock
Big climate bill; Spending green bucks to boost green energy
Want To Catch The Next Hot Investing Trend (Look Inside?) (Ad)
NYSE:PSA

Public Storage - PSA Stock Forecast, Price & News

$346.44
+0.45 (+0.13%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$344.90
$350.47
50-Day Range
$297.48
$345.99
52-Week Range
$292.32
$421.76
Volume
484,239 shs
Average Volume
671,219 shs
Market Capitalization
$60.79 billion
P/E Ratio
29.51
Dividend Yield
2.31%
Price Target
$366.08

Public Storage MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
5.7% Upside
$366.08 Price Target
Short Interest
Healthy
1.51% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.53
Upright™ Environmental Score
News Sentiment
0.29mentions of Public Storage in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.12%
From $15.52 to $16.78 Per Share

Overall MarketRank

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

2.85 out of 5 stars

Finance Sector

155th out of 920 stocks

Real Estate Investment Trusts Industry

26th out of 194 stocks

PSA stock logo

About Public Storage (NYSE:PSA) Stock

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 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 September 30, 2020. Our headquarters are located in Glendale, California.

Public Storage Stock Up 0.1 %

PSA Stock opened at $346.44 on Friday. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 1.29. The business has a 50 day moving average price of $317.04 and a two-hundred day moving average price of $347.16. The company has a market cap of $60.79 billion, a price-to-earnings ratio of 29.51, a P/E/G ratio of 3.13 and a beta of 0.34. Public Storage has a twelve month low of $292.32 and a twelve month high of $421.76.

Public Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Wednesday, September 14th will be issued a $2.00 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $8.00 annualized dividend and a yield of 2.31%. Public Storage's dividend payout ratio is presently 68.14%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PSA. Jefferies Financial Group cut their target price on Public Storage from $465.00 to $369.00 and set a "buy" rating on the stock in a research note on Thursday, June 30th. StockNews.com raised Public Storage from a "hold" rating to a "buy" rating in a research report on Monday. Evercore ISI set a $348.00 price target on Public Storage in a research report on Monday, June 20th. BMO Capital Markets raised Public Storage from a "market perform" rating to an "outperform" rating and dropped their price target for the stock from $410.00 to $370.00 in a research report on Thursday, May 19th. Finally, Morgan Stanley dropped their price target on Public Storage from $357.00 to $298.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 25th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $366.08.

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PSA Stock News Headlines

Two-Minute Drill: Public Storage
Public Storage (NYSE:PSA) Upgraded by StockNews.com to Buy
Brokerages Set Public Storage (NYSE:PSA) PT at $366.08
Postal Realty Trust (PSTL) Q2 FFO Meet Estimates
Public Storage (PSA) Scheduled to Post Earnings on Thursday
Public Storage (NYSE:PSA) Price Target Cut to $336.00
Short Volatility Alert: Public Storage
Is it Wise to Invest in Public Storage (PSA)?
See More Headlines
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PSA Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 8/4 Dividend
7/29/2022
Dividend Payable
8/04/2022
Today
8/12/2022
Ex-Dividend for 9/29 Dividend
9/13/2022
Dividend Payable
9/29/2022
Next Earnings (Estimated)
11/07/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
Sector
Finance
CUSIP
74460D10
Employees
5,800
Year Founded
1972

Price Target and Rating

Average Stock Price Forecast
$366.08
High Stock Price Forecast
$440.00
Low Stock Price Forecast
$298.00
Forecasted Upside/Downside
+5.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
12 Analysts

Profitability

Net Income
$1.95 billion
Pretax Margin
46.93%

Debt

Sales & Book Value

Annual Sales
$3.42 billion
Cash Flow
$15.25 per share
Book Value
$32.48 per share

Miscellaneous

Free Float
156,161,000
Market Cap
$60.79 billion
Optionable
Optionable
Beta
0.34

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













PSA Stock - Frequently Asked Questions

Should I buy or sell Public Storage stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last twelve months. There are currently 5 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research 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 2022?

12 brokers have issued 1-year price targets for Public Storage's stock. Their PSA share price forecasts range from $298.00 to $440.00. On average, they predict the company's stock price to reach $366.08 in the next year. This suggests a possible upside of 5.7% 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 stock has decreased by 7.5% and is now trading at $346.44.
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 Monday, November 7th 2022.
View our PSA earnings forecast
.

How were Public Storage's earnings last quarter?

Public Storage (NYSE:PSA) announced its quarterly earnings results on Tuesday, May, 3rd. The real estate investment trust reported $2.63 earnings per share for the quarter, missing the consensus estimate of $3.59 by $0.96. The real estate investment trust had revenue of $749.27 million for the quarter, compared to analyst estimates of $985.58 million. Public Storage had a net margin of 56.93% and a trailing twelve-month return on equity of 40.19%. The company's revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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 announced a quarterly dividend on Thursday, August 4th. Investors of record on Wednesday, September 14th will be paid a dividend of $2.00 per share on Thursday, September 29th. This represents a $8.00 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend is Tuesday, September 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 2.31%. The dividend payout ratio is 68.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PSA will have a dividend payout ratio of 47.68% 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 Thursday, August, 11th. The company provided EPS guidance of $15.00-$15.70 for the period. 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 a number of institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (1.47%), Deutsche Bank AG (0.86%), California Public Employees Retirement System (0.66%), Sumitomo Mitsui Trust Holdings Inc. (0.61%), Principal Financial Group Inc. (0.59%) and Russell Investments Group Ltd. (0.49%). Insiders that own company stock include B Wayne Et Al Hughes, 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 $346.44.

How much money does Public Storage make?

Public Storage (NYSE:PSA) has a market capitalization of $60.79 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 $11.74 on an earnings per share basis.

How many employees does Public Storage have?

The company employs 5,800 workers across the globe.

When was Public Storage founded?

Public Storage was founded in 1972.

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 8/12/2022 by MarketBeat.com Staff

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