NYSE:PSA - Public Storage Stock Price, News & Analysis

$258.78
-1.17 (-0.45 %)
(As of 08/16/2019 04:00 PM ET)
Today's Range
$255.21
Now: $258.78
$261.06
50-Day Range
$236.44
MA: $247.49
$260.02
52-Week Range
$193.89
Now: $258.78
$261.05
Volume697,200 shs
Average Volume863,837 shs
Market Capitalization$45.18 billion
P/E Ratio24.51
Dividend Yield3.13%
Beta0.17
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 March 31, 2019, we had: (i) interests in 2,444 self-storage facilities located in 38 states with approximately 164 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 231 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 March 31, 2019. Read More…

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
CUSIP74460D10
Phone818-244-8080

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$2.75 billion
Cash Flow$12.7604 per share
Book Value$28.96 per share

Profitability

Net Income$1.71 billion

Miscellaneous

Employees5,600
Market Cap$45.18 billion
Next Earnings Date10/29/2019 (Estimated)
OptionableOptionable

Receive PSA News and Ratings via Email

Sign-up to receive the latest news and ratings for PSA and its competitors with MarketBeat's FREE daily newsletter.


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 Thursday, May 2nd. Stockholders of record on Wednesday, June 12th will be paid a dividend of $2.00 per share on Thursday, June 27th. This represents a $8.00 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Tuesday, June 11th. View Public Storage's Dividend History.

How were Public Storage's earnings last quarter?

Public Storage (NYSE:PSA) released its quarterly earnings results on Tuesday, July, 30th. The real estate investment trust reported $1.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.63 by $0.87. The real estate investment trust earned $710.95 million during the quarter, compared to analysts' expectations of $702.70 million. Public Storage had a return on equity of 33.78% and a net margin of 60.77%. Public Storage's revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $2.57 earnings per share. View Public Storage's Earnings History.

When is Public Storage's next earnings date?

Public Storage is scheduled to release their next quarterly earnings announcement on Tuesday, October 29th 2019. View Earnings Estimates for Public Storage.

What price target have analysts set for PSA?

7 brokerages have issued twelve-month target prices for Public Storage's shares. Their forecasts range from $201.00 to $243.72. On average, they anticipate Public Storage's stock price to reach $222.4533 in the next twelve months. This suggests that the stock has a possible downside of 14.0%. View Analyst Price Targets for Public Storage.

What is the consensus analysts' recommendation for Public Storage?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last year. There are currently 2 sell ratings, 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Public Storage.

Has Public Storage been receiving favorable news coverage?

News articles about PSA stock have been trending negative on Saturday, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded 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 -2.3 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Public Storage.

Are investors shorting Public Storage?

Public Storage saw a increase in short interest in the month of July. As of July 15th, there was short interest totalling 5,972,800 shares, an increase of 6.1% from the June 15th total of 5,631,800 shares. Based on an average daily trading volume, of 761,300 shares, the short-interest ratio is currently 7.8 days. Approximately 4.0% of the company's stock are sold short. View Public Storage's Current Options Chain.

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 Ford Motor (F), AT&T (T), Verizon Communications (VZ), Cisco Systems (CSCO), Walt Disney (DIS), PepsiCo (PEP), Simon Property Group (SPG), Mcdonald's (MCD), Johnson & Johnson (JNJ) and Intel (INTC).

Who are Public Storage's key executives?

Public Storage's management team includes the folowing people:
  • Mr. Joseph D. Russell Jr., CEO, Pres & Trustee (Age 59)
  • Ms. Natalia N. Johnson, Sr. VP & Chief HR Officer (Age 41)
  • Ms. Lily Yan Hughes, Advisor (Age 56)
  • Mr. B. Wayne Hughes Sr., Founder & Chairman Emeritus (Age 85)
  • Mr. H. Thomas Boyle III, CFO & Sr. VP (Age 36)

Who are Public Storage's major shareholders?

Public Storage's stock is owned by a number of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.52%), BlackRock Inc. (9.13%), Cohen & Steers Inc. (4.61%), APG Asset Management US Inc. (2.31%), JPMorgan Chase & Co. (2.28%) and Price T Rowe Associates Inc. MD (2.27%). Company insiders that own Public Storage stock include B Wayne Et Al Hughes, Gary E Pruitt, John Reyes, Lily Yan Hughes and Ronald L Havner, Jr. 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 PGGM Investments, APG Asset Management US Inc., Renaissance Technologies LLC, BlackRock Inc., Brookfield Asset Management Inc., Bank of New York Mellon Corp, Los Angeles Capital Management & Equity Research Inc. and Centersquare Investment Management LLC. Company insiders that have sold Public Storage company stock in the last year include B Wayne Et Al Hughes, 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 Cohen & Steers Inc., Price T Rowe Associates Inc. MD, Nuveen Asset Management LLC, JPMorgan Chase & Co., Daiwa Securities Group Inc., Heitman Real Estate Securities LLC, Bank of America Corp DE and Russell Investments Group Ltd.. 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 $258.78.

How big of a company is Public Storage?

Public Storage has a market capitalization of $45.18 billion and generates $2.75 billion in revenue each year. The real estate investment trust earns $1.71 billion in net income (profit) each year or $10.56 on an earnings per share basis. Public Storage employs 5,600 workers across the globe.View Additional Information About Public Storage.

What is Public Storage's official website?

The official website for Public Storage is http://www.publicstorage.com/.

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)

Community Ranking:  1.8 out of 5 (star)
Outperform Votes:  358 (Vote Outperform)
Underperform Votes:  645 (Vote Underperform)
Total Votes:  1,003
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.
This page was last updated on 8/17/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel