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NYSE:PSA

Public Storage - PSA Stock Forecast, Price & News

$293.45
-2.35 (-0.79%)
(As of 12/5/2022 10:33 AM ET)
Add
Compare
Today's Range
$290.81
▼
$295.75
50-Day Range
$274.33
▼
$311.54
52-Week Range
$270.73
▼
$421.76
Volume
10,171 shs
Average Volume
768,954 shs
Market Capitalization
$51.54 billion
P/E Ratio
11.93
Dividend Yield
2.70%
Price Target
$368.91

Public Storage MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
25.5% Upside
$368.91 Price Target
Short Interest
Healthy
2.04% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.53
Upright™ Environmental Score
News Sentiment
0.39mentions of Public Storage in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.28%
From $15.70 to $17.00 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.94 out of 5 stars

Finance Sector

178th out of 886 stocks

Real Estate Investment Trusts Industry

45th out of 193 stocks

See Top Rated MarketRank™ Stocks Here
PSA stock logo

About Public Storage (NYSE:PSA) Stock

Public Storage is a REIT focused on acquiring, developing, owning, and operating self-storage facilities in the US and Europe. The company is a member of the S&P 500 and the FT Global 500 and is the world’s 4th largest REIT by market cap. Along with its holdings of self-storage facilities, the company owns a 42% stake in business park company PS Business Parks and is also in business selling packing and storage supplies. The company is headquartered in Glendale California.

The company was founded in 1972 by B. Wayne Hughes and Kenneth Polk who used the leverage of investments from RELPs to grow the business. The original plan was to use the storage warehouses as a means of generating income until the properties were more valuable. The surprise is that demand for storage space was high and led to unexpected profitability.

The company has more than 1,000 locations by 1989 and then, in 1995, it transformed itself into a publicly traded REIT. The transformation was spurred by tax changes that made RELPs obsolete. The transformation was done via a merger with Storage Equities which gave up its name in favor of Public Storage. The company grew again with the acquisition of Shurgard in 2006 but it has since been spun off as its own publicly traded company. Public Storage retains 36% ownership in Shurgard.

As of September 2022, the company owned and operated 2,807 self-storage facilities in 39 states. The total area of rental space exceeded 2 million square feet serving nearly 2 million customers and generating close to $3.5 billion in annual revenues. Shurgard lays claim to another 239 facilities in the EU which amounts to another 13 minion square feet of storage space. PS Business Parks, Inc, which trades under the ticker (NYSE: PSB) owns and operates 28 million square feet of commercial space.

Advantages of Public Storage include scale, leverage, and the balance sheet. The company’s size and scale mean that more than half the US population lives within driving distance of a Public Storage facility. The company gives leverage through its three-pronged acquisition, development, and redevelopment strategy which are all supported by the balance sheet. The company’s balance sheet is set up for growth and is able to self-fund most new projects.

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PSA Stock News Headlines

December 3, 2022 | americanbankingnews.com
KeyCorp Comments on Public Storage's FY2024 Earnings (NYSE:PSA)
December 2, 2022 | seekingalpha.com
Extra Space Is Still Grossly Overvalued
November 29, 2022 | finance.yahoo.com
Public Storage Recognized as the U.S. Self-Storage Sustainability Leader on the GRESB Benchmark
November 22, 2022 | finance.yahoo.com
What Makes Public Storage (PSA) an Attractive Investment?
November 21, 2022 | finance.yahoo.com
Is Public Storage (PSA) a Safe Investment Choice?
November 7, 2022 | seekingalpha.com
Public Storage: An Industry Leader Worth Storing In Any Portfolio
November 7, 2022 | finance.yahoo.com
Worried About a Recession? These 2 Stocks Could Help Get You Through
November 4, 2022 | finance.yahoo.com
Pfizer Stock’s Post-Covid Future Looks Healthy
November 2, 2022 | seekingalpha.com
Public Storage (PSA) Q3 2022 Earnings Call Transcript
November 2, 2022 | finance.yahoo.com
Public Storage (PSA) Q3 FFO & Revenues Top Estimates, View Up
November 1, 2022 | markets.businessinsider.com
Public Storage Q3 Income Climbs, Beats estimates
November 1, 2022 | seekingalpha.com
Public Storage guides for better year core FFO after Q3 beat
November 1, 2022 | finance.yahoo.com
Public Storage Reports Results for the Three and Nine Months Ended September 30, 2022
November 1, 2022 | finance.yahoo.com
Public Storage (PSA) Q3 FFO and Revenues Top Estimates
October 31, 2022 | finance.yahoo.com
Why Earnings Season Could Be Great for Public Storage (PSA)
October 26, 2022 | finance.yahoo.com
What's in Store for Public Storage (PSA) in Q3 Earnings?
October 22, 2022 | seekingalpha.com
PSA.PK Public Storage 4.75 DP PFD SH K
October 20, 2022 | nasdaq.com
June 2023 Options Now Available For Public Storage (PSA)
October 11, 2022 | finance.yahoo.com
Those who invested in Public Storage (NYSE:PSA) five years ago are up 62%
October 10, 2022 | finance.yahoo.com
Here's Why Public Storage (PSA) is an Apt Portfolio Pick Now
October 5, 2022 | reuters.com
PSA.PH - Public Storage | Stock Price & Latest News | Reuters
October 4, 2022 | finance.yahoo.com
3 Reasons Growth Investors Will Love Public Storage (PSA)
October 4, 2022 | finance.yahoo.com
Public Storage to Release Third Quarter 2022 Earnings Results and Host Quarterly Conference Call
September 29, 2022 | msn.com
Northwell Hospital launches national gun violence awareness campaign with support of 1K others
September 28, 2022 | finance.yahoo.com
Public Storage to Celebrate its 50th Anniversary by Ringing the NYSE Opening Bell
See More Headlines
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PSA Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 9/29 Dividend
9/13/2022
Dividend Payable
9/29/2022
Today
12/05/2022
Ex-Dividend for 12/29 Dividend
12/13/2022
Dividend Payable
12/29/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/28/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
Sector
Finance
Current Symbol
NYSE:PSA
CUSIP
74460D10
CIK
1393311
Web
www.publicstorage.com
Phone
(818) 244-8080
Fax
818-244-9530
Employees
5,800
Year Founded
1972

Price Target and Rating

Average Stock Price Forecast
$368.91
High Stock Price Forecast
$440.00
Low Stock Price Forecast
$290.00
Forecasted Upside/Downside
+25.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$24.60
Trailing P/E Ratio
11.93
Forward P/E Ratio
18.69
P/E Growth
2.47
Net Income
$1.95 billion
Net Margins
110.91%
Pretax Margin
100.69%
Return on Equity
78.38%
Return on Assets
24.60%

Debt

Debt-to-Equity Ratio
1.17
Current Ratio
1.50
Quick Ratio
1.50

Sales & Book Value

Annual Sales
$3.42 billion
Price / Sales
15.09
Cash Flow
$15.10 per share
Price / Cash Flow
19.43
Book Value
$30.01 per share
Price / Book
9.78

Miscellaneous

Outstanding Shares
175,638,000
Free Float
156,318,000
Market Cap
$51.54 billion
Optionable
Optionable
Beta
0.38

Social Links


Key Executives

  • Mr. Joseph D. Russell Jr.Mr. Joseph D. Russell Jr. (Age 62)
    CEO, Pres & Trustee
    Comp: $2.21M
  • Mr. H. Thomas Boyle III (Age 39)
    Sr. VP & CFO
    Comp: $1.52M
  • Ms. Natalia N. Johnson (Age 44)
    Sr. VP & Chief Admin. Officer
    Comp: $1.09M
  • Mr. Nathaniel A. VitanMr. Nathaniel A. Vitan (Age 48)
    Sr. VP, Chief Legal Officer & Corp. Sec.
    Comp: $904.1k
  • Mr. David Lee CFE
    Chief Operating Officer
  • Mr. Michael Braine
    Chief Technology Officer
  • Mr. Ryan C. Burke
    VP of Investor Relations
  • David Collins
    Head of Marketing & VP
  • Mr. John M. Sambuco
    Pres of Asset Management
  • Mr. Steven H. Lentin
    Exec. VP of Operations

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













PSA Stock - Frequently Asked Questions

Should I buy or sell Public Storage stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" PSA shares.
View PSA analyst ratings or view top-rated stocks.

What is Public Storage's stock price forecast for 2023?

10 Wall Street research analysts have issued twelve-month target prices for Public Storage's stock. Their PSA share price forecasts range from $290.00 to $440.00. On average, they anticipate the company's stock price to reach $368.91 in the next year. This suggests a possible upside of 24.7% from the stock's current price.
View analysts price targets for PSA or view top-rated stocks among Wall Street analysts.

How have PSA shares performed in 2022?

Public Storage's stock was trading at $374.56 at the beginning of 2022. Since then, PSA shares have decreased by 21.0% and is now trading at $295.80.
View the best growth stocks for 2022 here.

When is Public Storage's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our PSA earnings forecast.

How were Public Storage's earnings last quarter?

Public Storage (NYSE:PSA) announced its quarterly earnings data on Tuesday, May, 3rd. The real estate investment trust reported $2.63 earnings per share for the quarter, missing analysts' consensus estimates of $3.59 by $0.96. The real estate investment trust earned $749.27 million during the quarter, compared to analysts' expectations of $985.58 million. Public Storage had a trailing twelve-month return on equity of 78.38% and a net margin of 110.91%. Public Storage's revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the business posted $2.82 EPS.
Read the conference call transcript.

How often does Public Storage pay dividends? What is the dividend yield for Public Storage?

Public Storage declared a quarterly dividend on Wednesday, October 26th. Shareholders of record on Wednesday, December 14th will be paid a dividend of $2.00 per share on Thursday, December 29th. This represents a $8.00 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Tuesday, December 13th.
Read our dividend analysis for PSA.

Is Public Storage a good dividend stock?

Public Storage (NYSE:PSA) pays an annual dividend of $8.00 per share and currently has a dividend yield of 2.70%. The dividend payout ratio is 32.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PSA will have a dividend payout ratio of 47.06% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PSA.

What guidance has Public Storage issued on next quarter's earnings?

Public Storage updated its FY 2022 earnings guidance on Tuesday, November, 8th. The company provided earnings per share (EPS) guidance of $15.35-$15.75 for the period, compared to the consensus EPS estimate of $15.70. The company issued revenue guidance of -.

What is Ronald L. Havner Jr.'s approval rating as Public Storage's CEO?

736 employees have rated Public Storage Chief Executive Officer Ronald L. Havner Jr. on Glassdoor.com. Ronald L. Havner Jr. has an approval rating of 66% among the company's employees.

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 AT&T (T), Verizon Communications (VZ), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Intel (INTC), Pfizer (PFE), Procter & Gamble (PG), Walmart (WMT), Ford Motor (F) and Walt Disney (DIS).

What is Public Storage's stock symbol?

Public Storage trades on the New York Stock Exchange (NYSE) under the ticker symbol "PSA."

Who are Public Storage's major shareholders?

Public Storage's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.67%), BlackRock Inc. (9.77%), State Street Corp (6.48%), Cohen & Steers Inc. (5.66%), Dimensional Fund Advisors LP (1.21%) and Daiwa Securities Group Inc. (1.05%). Insiders that own company stock include Heisz Leslie Stone, John Reyes, Nathaniel A Vitan, Nathaniel A Vitan, Rebecca L Owen, Ronald L Havner Jr, Tamara Hughes Gustavson and Uri P Harkham.
View institutional ownership trends.

How do I buy shares of Public Storage?

Shares of PSA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Public Storage's stock price today?

One share of PSA stock can currently be purchased for approximately $295.80.

How much money does Public Storage make?

Public Storage (NYSE:PSA) has a market capitalization of $51.95 billion and generates $3.42 billion in revenue each year. The real estate investment trust earns $1.95 billion in net income (profit) each year or $24.60 on an earnings per share basis.

How many employees does Public Storage have?

The company employs 5,800 workers across the globe.

How can I contact Public Storage?

Public Storage's mailing address is 701 WESTERN AVENUE, GLENDALE CA, 91201. The official website for the company is www.publicstorage.com. The real estate investment trust can be reached via phone at (818) 244-8080 or via fax at 818-244-9530.

This page (NYSE:PSA) was last updated on 12/5/2022 by MarketBeat.com Staff