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. The Company's headquarters are located in Glendale, California. At September 30, 2018, we had interests in 2,418 self-storage facilities located in 38 states with approximately 161 million net rentable square feet in the United States and 228 storage facilities located in seven Western European nations with approximately 12 million net rentable square feet operated under the Shurgard brand. We also own a 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, 2018.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
Phone818-244-8080
Debt
Current Ratio1.05
Quick Ratio1.06
Price-To-Earnings
Sales & Book Value
Annual Sales$2.67 billion
Price / Sales13.33
Price / Cash Flow18.40
Price / Book7.18
Profitability
Net Income$1.44 billion
Net Margins55.38%
Return on Assets14.13%
Miscellaneous
Employees5,600
OptionableOptionable
Public Storage (NYSE:PSA) Frequently Asked Questions
What is Public Storage's stock symbol?
Public Storage trades on the New York Stock Exchange (NYSE) under the ticker symbol "PSA."
How often does Public Storage pay dividends? What is the dividend yield for Public Storage?
Public Storage announced a quarterly dividend on Wednesday, October 31st. Investors of record on Wednesday, December 12th will be given a dividend of $2.00 per share on Thursday, December 27th. This represents a $8.00 annualized dividend and a yield of 3.92%. The ex-dividend date is Tuesday, December 11th. View Public Storage's Dividend History.
How were Public Storage's earnings last quarter?
Public Storage (NYSE:PSA) announced its quarterly earnings data on Tuesday, October, 30th. The real estate investment trust reported $1.85 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of $1.85. The real estate investment trust had revenue of $706.37 million for the quarter, compared to analysts' expectations of $704.51 million. Public Storage had a return on equity of 30.87% and a net margin of 55.38%. During the same period last year, the business earned $1.61 earnings per share. View Public Storage's Earnings History.
When is Public Storage's next earnings date?
What price target have analysts set for PSA?
13 Wall Street analysts have issued 1-year price objectives for Public Storage's stock. Their forecasts range from $175.00 to $250.00. On average, they expect Public Storage's stock price to reach $203.5833 in the next year. This suggests that the stock has a possible downside of 0.2%. View Analyst Price Targets for Public Storage.
What is the consensus analysts' recommendation for 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, 6 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Public Storage.
What are Wall Street analysts saying about Public Storage stock?
Here are some recent quotes from research analysts about Public Storage stock:
- 1. According to Zacks Investment Research, "Public Storage is a recognized and established name in the self-storage industry in the United States. Further, the company is benefiting from decent industry fundamentals and expansion efforts. The company’s better-than expected third-quarter 2018 core funds from operations (FFO) per share reflected improvement in net operating income (NOI) from same-store and non-same store facilities. Higher realized annual rent per occupied square foot supported the company’s same-store performance. However, shares of Public Storage have underperformed the industry it belongs to, in the past three months. Moreover, the trend in estimate revisions of current-quarter FFO per share does not indicate a favorable outlook for the company. Notably, supply has been rising in a number of its markets. This limits its power to raise rents and turn on more discounting. Additionally, rate hike has added to its woes." (11/20/2018)
- 2. Cantor Fitzgerald analysts commented, "There was slight seq. deceleration in SS revenue growth in 4Q. The company was focused on rents as occupancy declined. The company doesn’t provide guidance; our current 2018 SSNOI estimate is 2.0%." (2/21/2018)
Has Public Storage been receiving favorable news coverage?
Media headlines about PSA stock have trended negative on Wednesday, InfoTrie reports. The research firm scores the sentiment of news coverage by monitoring 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 nearest to five being the most favorable. Public Storage earned a media sentiment score of -2.5 on InfoTrie's scale. They also gave headlines about the real estate investment trust a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an impact on the stock's share price in the near term.
Who are some of Public Storage's key competitors?
Some companies that are related to Public Storage include American Tower (AMT), Simon Property Group (SPG), CROWN CASTLE IN/SH SH (CCI), Prologis (PLD), Equinix (EQIX), Welltower (WELL), Equity Residential (EQR), AvalonBay Communities (AVB), DIGITAL RLTY TR/SH (DLR), Ventas (VTR), SBA Communications (SBAC), Realty Income (O), Boston Properties (BXP), Weyerhaeuser (WY) and Essex Property Trust (ESS).
Who are Public Storage's key executives?
Public Storage's management team includes the folowing people:
- Mr. Ronald L. Havner Jr., Chairman & CEO (Age 61)
- Mr. Joseph D. Russell Jr., Pres (Age 59)
- Mr. Edward John Reyes, Sr. VP & CFO (Age 58)
- Ms. Lily Yan Hughes, Sr. VP, Chief Legal Officer & Corp. Sec. (Age 56)
- Mr. B. Wayne Hughes Sr., Founder & Chairman Emeritus (Age 85)
Who are Public Storage's major shareholders?
Public Storage's stock is owned by a number of of institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.04%), USS Investment Management Ltd (0.03%), Northstar Investment Advisors LLC (0.03%), Gulf International Bank UK Ltd (0.02%), Gofen & Glossberg LLC IL (0.02%) and Columbus Macro LLC (0.01%). Company insiders that own Public Storage stock include David F Doll, Gary E Pruitt, John Reyes, Lily Yan Hughes, Ronald L Havner, Jr and Ronald P Spogli. View Institutional Ownership Trends for Public Storage.
Which institutional investors are selling Public Storage stock?
PSA stock was sold by a variety of institutional investors in the last quarter, including Gulf International Bank UK Ltd, Denali Advisors LLC, Gofen & Glossberg LLC IL, Northstar Investment Advisors LLC, DNB Asset Management AS, Louisiana State Employees Retirement System, Global Trust Asset Management LLC and West Oak Capital LLC. Company insiders that have sold Public Storage company stock in the last year include Gary E Pruitt, Lily Yan Hughes and Ronald L Havner, Jr. View Insider Buying and Selling for Public Storage.
Which institutional investors are buying Public Storage stock?
PSA stock was acquired by a variety of institutional investors in the last quarter, including USS Investment Management Ltd, TrimTabs Asset Management LLC, Ipswich Investment Management Co. Inc., RNC Capital Management LLC, Cozad Asset Management Inc., State of Alaska Department of Revenue, Columbus Macro LLC and Legacy Capital Partners Inc.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.
What is Public Storage's stock price today?
One share of PSA stock can currently be purchased for approximately $204.01.
How big of a company is Public Storage?
Public Storage has a market capitalization of $34.99 billion and generates $2.67 billion in revenue each year. The real estate investment trust earns $1.44 billion in net income (profit) each year or $10.23 on an earnings per share basis. Public Storage employs 5,600 workers across the globe.
What is Public Storage's official website?
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.
MarketBeat Community Rating for Public Storage (NYSE PSA)
MarketBeat's community ratings are surveys of what our community members think about Public Storage and other stocks. Vote "Outperform" if you believe PSA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PSA will underperform the S&P 500 over the long term. You may vote once every thirty days.
