About Public Storage (NYSE:PSA)
Public Storage is a real estate investment trust (REIT). The Company's principal business activities include the ownership and operation of self-storage facilities, which offer storage spaces for lease, generally on a month-to-month basis, for personal and business use, ancillary activities, such as merchandise sales and tenant reinsurance to the tenants at its self-storage facilities, as well as the acquisition and development of additional self-storage space. The Company's segments include Self-Storage Operations, Ancillary Operations, Investment in PS Business Parks, Inc. (PSB) and Investment in Shurgard Europe. As of December 31, 2016, the Company had direct and indirect equity interests in 2,348 self-storage facilities (with approximately 154 million net rentable square feet) located in 38 states in the United States operating under the Public Storage name.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Self-Storage REITs
- Sub-Industry: Specialized REITs
- Symbol: NYSE:PSA
- CUSIP: 74460D10
- Web: www.publicstorage.com
Capitalization:- Market Cap: $37.42609 billion
- Outstanding Shares: 174,002,000
Average Prices:- 50 Day Moving Avg: $213.55
- 200 Day Moving Avg: $211.24
- 52 Week Range: $192.15 - $232.21
P/E:- Trailing P/E Ratio: 30.68
- Foreward P/E Ratio: 20.22
- P/E Growth: 5.74
Sales & Book Value:- Annual Revenue: $2.7 billion
- Price / Sales: 13.86
- Book Value: $28.51 per share
- Price / Book: 7.54
Dividend:- Annual Dividend: $8.00
- Dividend Yield: 3.7%
Profitability:- EBITDA: $1.93 billion
- Net Margins: 53.35%
- Return on Equity: 27.80%
- Return on Assets: 13.85%
Debt:- Debt-to-Equity Ratio: 0.08%
- Current Ratio: 1.11%
- Quick Ratio: 1.11%
Misc:- Average Volume: 830,252 shs.
- Beta: 0.44
- Short Ratio: 7.42
Frequently Asked Questions for Public Storage (NYSE:PSA)
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, July 26th. Shareholders of record on Wednesday, September 13th will be paid a dividend of $2.00 per share on Thursday, September 28th. This represents a $8.00 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend is Tuesday, September 12th. View Public Storage's Dividend History.
How were Public Storage's earnings last quarter?
Public Storage (NYSE:PSA) posted its quarterly earnings results on Wednesday, July, 26th. The company reported $1.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $2.54 by $0.95. The business had revenue of $624.20 million for the quarter, compared to analyst estimates of $626.27 million. Public Storage had a return on equity of 27.80% and a net margin of 53.35%. The company's quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.40 EPS. View Public Storage's Earnings History.
When will Public Storage make its next earnings announcement?
Where is Public Storage's stock going? Where will Public Storage's stock price be in 2017?
11 brokerages have issued 12 month price objectives for Public Storage's stock. Their predictions range from $184.00 to $250.00. On average, they anticipate Public Storage's share price to reach $214.73 in the next year. View Analyst Ratings for Public Storage.
Who are some of Public Storage's key competitors?
Some companies that are related to Public Storage include ING Group, N.V. (ING), Axa SA (AXAHY), D/B/A Chubb Limited New (CB), Australia & New Zealand Banking Group (ANZBY), Banco Bradesco SA (BBD), National Australia Bank (NABZY), UBS AG (UBS), PNC Financial Services Group, Inc. (The) (PNC), Yahoo! (AABA), Prudential Public Limited Company (PUK), The Charles Schwab Corporation (SCHW), American Tower Corporation (REIT) (AMT), American International Group (AIG), MetLife (MET), Sumitomo Mitsui Financial Group (SMFG), Bank Of New York Mellon Corporation (The) (BK), Nordea Bank AB (NRBAY) and PowerShares QQQ Trust, Series 1 (QQQ).
Who are Public Storage's key executives?
Public Storage's management team includes the folowing people:
- Ronald L. Havner Jr., Chairman of the Board of Trustees, Chief Executive Officer
- Joseph Darryl Russell Jr., President
- Edward John Reyes, Chief Financial Officer, Senior Vice President
- Lily Yan Hughes, Senior Vice President, Chief Legal Officer, Corporate Secretary
- Gary E. Pruitt, Lead Independent Trustee
- Tamara Hughes Gustavson, Trustee
- Uri P. Harkham, Independent Trustee
- Leslie Stone Heisz, Independent Trustee
- B. Wayne Hughes Jr., Trustee
Who owns Public Storage stock?
Public Storage's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include PGGM Investments (0.85%), Strs Ohio (0.15%), Shell Asset Management Co. (0.09%), Sabal Trust CO (0.06%), APG Asset Management N.V. (0.06%) and State Treasurer State of Michigan (0.03%). Company insiders that own Public Storage stock include B Wayne Et Al Hughes, B Wayne Hughes Jr, David F Doll, Gary E Pruitt, John Reyes, Lily Yan Hughes, Ronald L Havner, Jr, Ronald P Spogli and Tamara Hughes Gustavson. View Institutional Ownership Trends for Public Storage.
Who sold Public Storage stock? Who is selling Public Storage stock?
Public Storage's stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Strs Ohio, State Treasurer State of Michigan, Robeco Institutional Asset Management B.V., Founders Capital Management and Assenagon Asset Management S.A.. Company insiders that have sold Public Storage stock in the last year include David F Doll, Gary E Pruitt, John Reyes, Lily Yan Hughes and Ronald L Havner, Jr. View Insider Buying and Selling for Public Storage.
Who bought Public Storage stock? Who is buying Public Storage stock?
Public Storage's stock was bought by a variety of institutional investors in the last quarter, including Sabal Trust CO, Shell Asset Management Co., PGGM Investments, Curbstone Financial Management Corp, Fulton Bank N.A., Fisher Asset Management LLC and Oakbrook Investments LLC. Company insiders that have bought Public Storage stock in the last two years include B Wayne Hughes Jr, Ronald P Spogli and Tamara Hughes Gustavson. View Insider Buying and Selling for Public Storage.
How do I buy Public Storage stock?
Shares of Public Storage can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Public Storage's stock price today?
One share of Public Storage stock can currently be purchased for approximately $215.09.
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Public Storage (NYSE:PSA) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 3 Sell Ratings, 7 Hold Ratings, 1 Buy Rating |
| Consensus Rating: | Hold (Score: 1.82) |
| Consensus Price Target: | $214.73 (0.17% downside) |
Consensus Price Target History for Public Storage (NYSE:PSA)
Analysts' Ratings History for Public Storage (NYSE:PSA)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 10/19/2017 | Barclays PLC | Reiterated Rating | Hold | $207.00 | N/A |  |
| 9/14/2017 | Evercore ISI | Reiterated Rating | Underperform | $197.00 -> $204.00 | Low | |
| 9/13/2017 | KeyCorp | Reiterated Rating | Sell | $184.00 | Low | |
| 9/11/2017 | BMO Capital Markets | Initiated Coverage | Underperform | $193.00 | Medium | |
| 8/17/2017 | Jefferies Group LLC | Set Price Target | Hold | $223.00 -> $210.00 | Low | |
| 8/1/2017 | Argus | Lower Price Target | Buy | $260.00 -> $250.00 | Low | |
| 7/20/2017 | Bank of America Corporation | Lower Price Target | Neutral | $222.00 -> $218.00 | Low | |
| 5/22/2017 | Cantor Fitzgerald | Lower Price Target | Neutral | $222.00 -> $216.00 | Low | |
| 1/5/2017 | Robert W. Baird | Downgrade | Outperform -> Neutral | $248.00 -> $235.00 | N/A | |
| 10/31/2016 | Goldman Sachs Group, Inc. (The) | Upgrade | Sell -> Neutral | $210.00 -> $220.00 | N/A | |
| 10/27/2016 | FBR & Co | Lower Price Target | Market Perform | $250.00 -> $225.00 | N/A | |
| 5/13/2016 | Citigroup Inc. | Boost Price Target | Neutral | $240.00 -> $260.00 | N/A | |
| 5/11/2016 | Royal Bank Of Canada | Boost Price Target | Sector Perform | $235.00 -> $243.00 | N/A | |
| 1/7/2016 | Raymond James Financial, Inc. | Downgrade | Outperform -> Market Perform | | N/A | |
| 12/17/2015 | J P Morgan Chase & Co | Downgrade | Overweight -> Neutral | $243.00 | N/A | |
| 11/10/2015 | BB&T Corporation | Initiated Coverage | Underweight | $217.50 -> $217.50 | N/A | |
(Data available from 10/23/2015 forward)
Earnings History for Public Storage (NYSE:PSA)Earnings History by Quarter for Public Storage (NYSE PSA)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/25/2017 | | $1.89 | | | | | N/A | |
| 7/26/2017 | Q2 2017 | $2.54 | $1.59 | $626.27 million | $624.20 million | View | N/A | |
| 4/26/2017 | Q1 2017 | $2.42 | $2.37 | $615.23 million | $645.55 million | View | N/A | |
| 10/26/2016 | Q316 | $2.51 | $2.51 | $624.13 million | $663.15 million | View | N/A | |
| 7/28/2016 | Q216 | $2.40 | $2.34 | $607.28 million | $634.20 million | View | N/A | |
| 4/26/2016 | Q116 | $2.19 | $2.10 | $585.73 million | $611.00 million | View | N/A | |
| 2/16/2016 | Q415 | $2.42 | $2.46 | $581.65 million | $503.05 million | View | Listen | |
| 10/28/2015 | Q315 | $2.26 | $2.33 | $568.89 million | $511.84 million | View | Listen | |
| 7/29/2015 | Q215 | $2.14 | $2.17 | $544.69 million | $592.63 million | View | Listen | |
| 4/30/2015 | Q115 | $1.95 | $1.91 | $530.53 million | $569.40 million | View | Listen | |
| 2/19/2015 | Q414 | $2.19 | $2.20 | $528.73 million | $467.73 million | View | Listen | |
| 10/30/2014 | Q314 | $2.05 | $2.08 | $517.90 million | $475.00 million | View | Listen | |
| 7/31/2014 | Q214 | $1.96 | $1.99 | $198.89 million | $538.04 million | View | Listen | |
| 5/1/2014 | Q114 | $1.86 | $1.80 | $488.02 million | $519.62 million | View | Listen | |
| 2/20/2014 | Q413 | $2.02 | $2.13 | $475.45 million | | View | Listen | |
| 11/1/2013 | Q313 | $1.88 | $1.92 | $474.70 million | $441.01 million | View | Listen | |
| 8/2/2013 | Q213 | $1.77 | $1.80 | $452.22 million | $485.38 million | View | Listen | |
| 5/10/2013 | Q113 | $1.61 | $1.65 | $429.43 million | $409.60 million | View | Listen | |
| 2/22/2013 | | $1.78 | $1.86 | $459.25 million | $405.05 million | View | Listen | |
| 11/8/2012 | Q312 | $1.68 | $1.73 | $434.99 million | $440.92 million | View | N/A | |
| 8/2/2012 | | $1.54 | $1.62 | | | View | N/A | |
| 5/3/2012 | | $1.42 | $1.35 | | | View | N/A | |
| 11/3/2011 | | $1.44 | $1.29 | | | View | N/A | |
| 8/4/2011 | | $1.39 | $1.43 | | | View | N/A | |
| 5/5/2011 | | $1.33 | $1.48 | | | View | N/A | |
| 2/25/2011 | | $1.37 | $1.33 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Public Storage (NYSE:PSA)2017 EPS Consensus Estimate: $10.32
2018 EPS Consensus Estimate: $10.63
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 4 | $2.41 | $2.49 | $2.44 |
| Q2 2017 | 4 | $2.53 | $2.67 | $2.58 |
| Q3 2017 | 4 | $2.56 | $2.64 | $2.60 |
| Q4 2017 | 4 | $2.61 | $2.78 | $2.71 |
| Q1 2018 | 2 | $2.44 | $2.61 | $2.53 |
| Q2 2018 | 2 | $2.57 | $2.73 | $2.65 |
| Q3 2018 | 2 | $2.60 | $2.72 | $2.66 |
| Q4 2018 | 2 | $2.70 | $2.88 | $2.79 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Public Storage (NYSE:PSA)| Most Recent Dividend: | 9/28/2017 |
| Annual Dividend: | $8.00 |
| Dividend Yield: | 3.72% |
| Dividend Growth: | 12.30% (3 Year Average) |
| Payout Ratio: | 113.96% (Trailing 12 Months of Earnings)
78.20% (Based on This Year's Estimates)
75.19% (Based on Next Year's Estimates)
|
| Track Record: | 7 Years of Consecutive Dividend Growth |
Dividend History by Quarter for Public Storage (NYSE PSA)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 7/26/2017 | quarterly | $2.00 | 4.03% | 9/12/2017 | 9/13/2017 | 9/28/2017 |
| 4/26/2017 | quarterly | $2.00 | 3.76% | 6/12/2017 | 6/14/2017 | 6/29/2017 |
| 2/22/2017 | quarterly | $2.00 | 3.5% | 3/13/2017 | 3/15/2017 | 3/30/2017 |
| 10/26/2016 | quarterly | $2.00 | 3.85% | 12/12/2016 | 12/14/2016 | 12/29/2016 |
| 7/27/2016 | quarterly | $1.80 | 3.02% | 9/12/2016 | 9/14/2016 | 9/29/2016 |
| 4/26/2016 | quarterly | $1.80 | 2.9% | 6/13/2016 | 6/15/2016 | 6/30/2016 |
| 2/18/2016 | quarterly | $1.70 | 2.76% | 3/14/2016 | 3/16/2016 | 3/31/2016 |
| 10/30/2015 | quarterly | $1.70 | 2.96% | 12/11/2015 | 12/15/2015 | 12/30/2015 |
| 7/29/2015 | quarterly | $1.70 | 3.31% | 9/11/2015 | 9/15/2015 | 9/30/2015 |
| 4/30/2015 | quarterly | $1.70 | 3.58% | 6/11/2015 | 6/15/2015 | 6/30/2015 |
| 2/23/2015 | quarterly | $1.40 | 2.79% | 3/12/2015 | 3/16/2015 | 3/31/2015 |
| 10/30/2014 | quarterly | $1.40 | 3.04% | 12/11/2014 | 12/15/2014 | 12/30/2014 |
| 8/4/2014 | quarterly | $1.40 | 3.24% | 9/11/2014 | 9/15/2014 | 9/30/2014 |
| 5/2/2014 | quarterly | $1.40 | 3.28% | 6/11/2014 | 6/13/2014 | 6/30/2014 |
| 2/20/2014 | quarterly | $1.40 | 3.36% | 3/12/2014 | 3/14/2014 | 3/31/2014 |
| 10/31/2013 | quarterly | $1.40 | 3.31% | 12/11/2013 | 12/13/2013 | 12/30/2013 |
| 8/5/2013 | quarterly | $1.25 | 3.08% | 9/11/2013 | 9/13/2013 | 9/30/2013 |
| 5/10/2013 | quarterly | $1.25 | 3.04% | 6/10/2013 | 6/12/2013 | 6/27/2013 |
| 2/22/2013 | quarterly | $1.25 | 3.28% | 3/11/2013 | 3/13/2013 | 3/28/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Public Storage (NYSE:PSA)Insider Ownership Percentage: 14.42%
Institutional Ownership Percentage: 80.04%
Insider Trades by Quarter for Public Storage (NYSE:PSA)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 8/3/2017 | Ronald P Spogli | Director | Buy | 2,000 | $200.59 | $401,180.00 | |
| 6/13/2017 | John Reyes | Insider | Sell | 60,000 | $207.11 | $12,426,600.00 | |
| 5/12/2017 | John Reyes | Insider | Sell | 65,000 | $208.44 | $13,548,600.00 | |
| 3/14/2017 | Ronald L. Havner, Jr. | CEO | Sell | 83,000 | $219.52 | $18,220,160.00 | |
| 3/8/2017 | John Reyes | Insider | Sell | 65,000 | $225.09 | $14,630,850.00 | |
| 3/7/2017 | Gary E Pruitt | Director | Sell | 5,000 | $227.48 | $1,137,400.00 | |
| 3/6/2017 | Lily Yan Hughes | SVP | Sell | 658 | $227.76 | $149,866.08 | |
| 3/3/2017 | David F. Doll | Insider | Sell | 20,000 | $225.34 | $4,506,800.00 | |
| 12/14/2016 | John Reyes | Insider | Sell | 50,000 | $215.42 | $10,771,000.00 | |
| 11/11/2016 | Tamara Hughes Gustavson | Director | Buy | 69,763 | $214.98 | $14,997,649.74 | |
| 11/10/2016 | John Reyes | Insider | Sell | 60,000 | $216.32 | $12,979,200.00 | |
| 9/14/2016 | John Reyes | Insider | Sell | 30,000 | $215.41 | $6,462,300.00 | |
| 6/8/2016 | B Wayne Hughes Jr | Director | Buy | 22,100 | $252.42 | $5,578,482.00 | |
| 3/3/2016 | David F. Doll | SVP | Sell | 20,000 | $252.25 | $5,045,000.00 | |
| 12/14/2015 | John Reyes | CFO | Sell | 25,000 | $248.50 | $6,212,500.00 | |
| 12/11/2015 | B Wayne Et Al Hughes | Chairman | Sell | 420 | $241.27 | $101,333.40 | |
| 8/20/2015 | David F. Doll | SVP | Sell | 5,000 | $216.30 | $1,081,500.00 | |
| 5/22/2015 | Tamara Hughes Gustavson | Director | Sell | 240,250 | $196.14 | $47,122,635.00 | |
| 5/19/2015 | Tamara Hughes Gustavson | Director | Sell | 159,750 | $199.12 | $31,809,420.00 | |
| 3/16/2015 | Avedick Baruyr Poladian | Director | Buy | 2,000 | $189.14 | $378,280.00 | |
| 3/3/2015 | Uri P Harkham | Director | Sell | 5,000 | $196.81 | $984,050.00 | |
| 11/11/2014 | Candace N Krol | VP | Sell | 15,000 | $187.78 | $2,816,700.00 | |
| 8/18/2014 | David F Doll | SVP | Sell | 17,500 | $175.58 | $3,072,650.00 | |
| 8/13/2014 | Candace N Krol | VP | Sell | 10,000 | $175.61 | $1,756,100.00 | |
| 8/13/2014 | Ronald P Spogli | Director | Sell | 25,000 | $175.78 | $4,394,500.00 | |
| 8/12/2014 | Candace N Krol | VP | Sell | 1,900 | $175.05 | $332,595.00 | |
| 8/7/2014 | Candace N Krol | VP | Sell | 14,282 | $172.72 | $2,466,787.04 | |
| 6/13/2014 | John Reyes | CFO | Sell | 25,000 | $169.49 | $4,237,250.00 | |
| 5/16/2014 | David Doll | SVP | Sell | 7,436 | $172.03 | $1,279,215.08 | |
| 5/13/2014 | Candace Krol | VP | Sell | 7,398 | $173.00 | $1,279,854.00 | |
| 5/13/2014 | David Doll | SVP | Sell | 7,564 | $172.39 | $1,303,957.96 | |
| 3/14/2014 | Candace Krol | VP | Sell | 7,000 | $168.08 | $1,176,560.00 | |
| 3/14/2014 | Ronald Havner, Jr. | CEO | Sell | 83,000 | $168.18 | $13,958,940.00 | |
| 3/14/2014 | Steven Glick | SVP | Sell | 10,000 | $168.17 | $1,681,700.00 | |
| 3/12/2014 | John Reyes | CFO | Sell | 50,000 | $166.78 | $8,339,000.00 | |
| 3/11/2014 | David Doll | SVP | Sell | 50,000 | $167.70 | $8,385,000.00 | |
| 3/6/2014 | Candace Krol | VP | Sell | 3,802 | $170.28 | $647,404.56 | |
| 9/6/2013 | David F Doll | SVP | Sell | 30,000 | $153.57 | $4,607,100.00 | |
| 5/22/2013 | Candace N Krol | VP | Sell | 1,800 | $168.06 | $302,508.00 | |
| 5/21/2013 | Shawn Weidmann | Director | Sell | 15,000 | $167.28 | $2,509,200.00 | |
| 5/17/2013 | Candace N Krol | VP | Sell | 10,000 | $167.13 | $1,671,300.00 | |
| 5/14/2013 | David F Doll | Insider | Sell | 40,000 | $164.62 | $6,584,800.00 | |
| 5/14/2013 | Gary E Pruitt | Director | Sell | 28,120 | $164.90 | $4,636,988.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Public Storage (NYSE:PSA)
Latest Headlines for Public Storage (NYSE:PSA)
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Public Storage (PSA) Chart for Monday, October, 23, 2017
