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
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
Current SymbolNYSE:PSA
Previous Symbol
CUSIP74460D10
Phone818-244-8080
Debt
Debt-to-Equity Ratio0.29
Current Ratio1.05
Quick Ratio1.06
Price-To-Earnings
Trailing P/E Ratio20.91
Forward P/E Ratio20.32
P/E Growth4.23
Sales & Book Value
Annual Sales$2.67 billion
Price / Sales13.98
Cash Flow$10.8986 per share
Price / Cash Flow19.63
Book Value$28.41 per share
Price / Book7.53
Profitability
EPS (Most Recent Fiscal Year)$10.23
Net Income$1.44 billion
Net Margins55.38%
Return on Equity30.87%
Return on Assets14.13%
Miscellaneous
Employees5,600
Outstanding Shares174,360,000
Market Cap$37.34 billion
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 declared a quarterly dividend on Wednesday, October 31st. Shareholders 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 dividend on an annualized basis and a dividend yield of 3.74%. 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) released its quarterly earnings data on Tuesday, October, 30th. The real estate investment trust reported $1.85 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $1.85. The real estate investment trust had revenue of $706.37 million for the quarter, compared to the consensus estimate of $704.51 million. Public Storage had a net margin of 55.38% and a return on equity of 30.87%. During the same quarter last year, the business posted $1.61 EPS. View Public Storage's Earnings History.
When is Public Storage's next earnings date?
What price target have analysts set for PSA?
13 analysts have issued 1-year price objectives for Public Storage's shares. Their forecasts range from $179.00 to $250.00. On average, they expect Public Storage's share price to reach $205.5833 in the next twelve months. This suggests that the stock has a possible downside of 3.9%. 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 5 sell ratings, 7 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?
Press coverage about PSA stock has been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive media coverage by analyzing more than six thousand news and blog 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 1.9 on InfoTrie's scale. They also gave media headlines about the real estate investment trust a news buzz of 7.0 out of 10, indicating that recent media coverage is likely 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), Boston Properties (BXP), Realty Income (O), SBA Communications (SBAC), 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 60)
- Mr. Joseph D. Russell Jr., Pres (Age 58)
- Mr. Edward John Reyes, Sr. VP & CFO (Age 57)
- Ms. Lily Yan Hughes, Sr. VP, Chief Legal Officer & Corp. Sec. (Age 55)
- Mr. B. Wayne Hughes Sr., Founder & Chairman Emeritus (Age 84)
Who are Public Storage's major shareholders?
Public Storage's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.37%), BlackRock Inc. (9.00%), Capital World Investors (4.06%), FMR LLC (3.40%), JPMorgan Chase & Co. (1.93%) and Dimensional Fund Advisors LP (1.35%). 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 Capital World Investors, JPMorgan Chase & Co., FMR LLC, Deutsche Bank AG, Eaton Vance Management, Mitsubishi UFJ Trust & Banking Corp, Morgan Stanley and Cohen & Steers Inc.. 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 purchased by a variety of institutional investors in the last quarter, including MERIAN GLOBAL INVESTORS UK Ltd, Renaissance Technologies LLC, BlackRock Inc., Glenmede Trust Co. NA, Capital International Investors, American Century Companies Inc., Unigestion Holding SA and Prudential Financial 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 $213.94.
How big of a company is Public Storage?
Public Storage has a market capitalization of $37.34 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.
