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

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$223.57 +2.70 (+1.22 %)
(As of 08/17/2018 04:00 PM ET)
Previous Close$220.87
Today's Range$220.95 - $223.83
52-Week Range$180.48 - $234.90
Volume1.35 million shs
Average Volume956,052 shs
Market Capitalization$37.41 billion
P/E Ratio21.85
Dividend Yield3.65%
Beta0.26
Public Storage logoPublic 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 March 31, 2018, we had interests in 2,392 self-storage facilities located in 38 states with approximately 159 million net rentable square feet in the United States and 223 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 March 31, 2018. Additional information about Public Storage is available on our website, www.publicstorage.com.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
SymbolNYSE:PSA
CUSIP74460D10
Phone818-244-8080

Debt

Debt-to-Equity Ratio0.29
Current Ratio0.96
Quick Ratio0.96

Price-To-Earnings

Trailing P/E Ratio21.85
Forward P/E Ratio21.23
P/E Growth4.11

Sales & Book Value

Annual Sales$2.67 billion
Price / Sales14.60
Cash Flow$11.3603 per share
Price / Cash19.68
Book Value$28.41 per share
Price / Book7.87

Profitability

EPS (Most Recent Fiscal Year)$10.23
Net Income$1.44 billion
Net Margins55.00%
Return on Equity30.37%
Return on Assets13.93%

Miscellaneous

Employees5,600
Outstanding Shares174,240,000
Market Cap$37.41 billion

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, August 2nd. Investors of record on Wednesday, September 12th will be given a dividend of $2.00 per share on Thursday, September 27th. This represents a $8.00 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Tuesday, September 11th. View Public Storage's Dividend History.

How were Public Storage's earnings last quarter?

Public Storage (NYSE:PSA) posted its quarterly earnings data on Wednesday, August, 1st. The real estate investment trust reported $2.00 earnings per share for the quarter, missing the consensus estimate of $2.61 by $0.61. The real estate investment trust earned $685.50 million during the quarter, compared to analyst estimates of $686.32 million. Public Storage had a net margin of 55.00% and a return on equity of 30.37%. The firm's quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.51 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 Wednesday, October, 24th 2018. View Earnings Estimates for Public Storage.

What price target have analysts set for PSA?

15 brokers have issued 1-year target prices for Public Storage's stock. Their forecasts range from $179.00 to $250.00. On average, they expect Public Storage's share price to reach $208.3333 in the next year. This suggests that the stock has a possible downside of 6.8%. View Analyst Price Targets for Public Storage.

What is the consensus analysts' recommendation for Public Storage?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last year. There are currently 5 sell ratings, 9 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. 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)
  • 2. According to Zacks Investment Research, "Shares of Public Storage have underperformed the industry it belongs to in the past three months. Moreover, the stock has seen the Zacks Consensus Estimate for fourth-quarter 2017 funds from operations (FFO) per share being revised downward in two months’ time. Admittedly, Public Storage is a recognized and established name in the self-storage industry in the United States and its acquisition and expansion efforts look encouraging. Late in 2017, the company unveiled a new facility in Richmond, TX. The facility marked the company’s seventh in the Houston area in the year. However, supply has been rising in a number of its markets. This limits its power to raise rents and turn on more discounting. Further, rate hike have added to its woes." (1/24/2018)

Who are some of Public Storage's key competitors?

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)

Has Public Storage been receiving favorable news coverage?

Media headlines about PSA stock have trended somewhat positive this week, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Public Storage earned a media and rumor sentiment score of 0.22 on Accern's scale. They also assigned media stories about the real estate investment trust an impact score of 46.82 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near future. View Recent Headlines for Public Storage.

Who are Public Storage's major shareholders?

Public Storage's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (8.83%), FMR LLC (3.87%), Massachusetts Financial Services Co. MA (1.34%), Dimensional Fund Advisors LP (1.32%), Bank of New York Mellon Corp (0.91%) and Schwab Charles Investment Management Inc. (0.89%). Company insiders that own Public Storage stock include 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.

Which institutional investors are selling Public Storage stock?

PSA stock was sold by a variety of institutional investors in the last quarter, including Security Capital Research & Management Inc., Morgan Stanley, American Century Companies Inc., Bank of America Corp DE, Standard Life Aberdeen plc, Federated Investors Inc. PA, Epoch Investment Partners Inc. and Sei Investments Co.. Company insiders that have sold Public Storage company stock in the last year include Gary E Pruitt, John Reyes and Lily Yan Hughes. 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 FMR LLC, BlackRock Inc., Canada Pension Plan Investment Board, California Public Employees Retirement System, Cornerstone Wealth Management LLC, Schwab Charles Investment Management Inc., Capital Advisors Inc. OK and Montrusco Bolton Investments Inc.. Company insiders that have bought Public Storage stock in the last two years include Ronald P Spogli and Tamara Hughes Gustavson. 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 $223.57.

How big of a company is Public Storage?

Public Storage has a market capitalization of $37.41 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.

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:  1.7 out of 5 (star)
Outperform Votes:  293 (Vote Outperform)
Underperform Votes:  569 (Vote Underperform)
Total Votes:  862
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 8/18/2018 by MarketBeat.com Staff

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