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

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$200.48 -5.14 (-2.50 %)
(As of 02/21/2019 04:00 PM ET)
Previous Close$205.62
Today's Range$199.53 - $203.52
52-Week Range$190.77 - $234.90
Volume1.31 million shs
Average Volume852,653 shs
Market Capitalization$34.96 billion
P/E Ratio19.60
Dividend Yield3.89%
Beta0.3
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.

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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$2.67 billion
Cash Flow$10.5184 per share
Book Value$28.41 per share

Profitability

Net Income$1.44 billion

Miscellaneous

Employees5,600
Market Cap$34.96 billion
Next Earnings Date2/26/2019 (Confirmed)
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 yield of 3.99%. The ex-dividend date of this dividend 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 results on Tuesday, October, 30th. The real estate investment trust reported $1.85 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.85. The real estate investment trust earned $706.37 million during the quarter, compared to analysts' expectations of $704.51 million. Public Storage had a net margin of 55.38% and a return on equity of 30.87%. During the same period in the previous year, the firm posted $1.61 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, February 26th 2019. View Earnings Estimates for Public Storage.

How can I listen to Public Storage's earnings call?

Public Storage will be holding an earnings conference call on Wednesday, February 27th at 1:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8664065408.

What price target have analysts set for PSA?

13 brokers have issued 12-month target prices for Public Storage's shares. Their forecasts range from $175.00 to $250.00. On average, they anticipate Public Storage's share price to reach $203.9167 in the next year. This suggests a possible upside of 1.7% from the stock's current price. 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 6 sell ratings, 6 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, a solid balance sheet has enabled the company to pay sustainable dividends. Also, it is benefiting from strong industry fundamentals and favorable demographics in its markets. Amid these, its acquisition and expansion efforts look promising. 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-year funds from operations (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." (2/12/2019)
  • 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?

News stories about PSA stock have trended positive recently, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Public Storage earned a coverage optimism score of 2.3 on InfoTrie's scale. They also gave headlines about the real estate investment trust a news buzz of 9.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the near term.

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 AT&T (T), Verizon Communications (VZ), Cisco Systems (CSCO), PepsiCo (PEP), Walt Disney (DIS), Simon Property Group (SPG), Realty Income (O), Home Depot (HD), 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. Lily Yan Hughes, Sr. VP, Chief Legal Officer & Corp. Sec. (Age 56)
  • Mr. B. Wayne Hughes Sr., Founder & Chairman Emeritus (Age 85)
  • Mr. H. Thomas Boyle III, CFO & Sr. VP (Age 35)
  • Mr. Steven Lentin, VP & COO

Who are Public Storage's major shareholders?

Public Storage's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.17%), Oregon Public Employees Retirement Fund (4.12%), Geode Capital Management LLC (1.41%), Massachusetts Financial Services Co. MA (1.34%), Dimensional Fund Advisors LP (1.34%) and Northern Trust Corp (1.34%). 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 major investors are selling Public Storage stock?

PSA stock was sold by a variety of institutional investors in the last quarter, including Raymond James & Associates, Bank of America Corp DE, Lasalle Investment Management Securities LLC, Aviva PLC, Northern Trust Corp, Epoch Investment Partners Inc., Amundi Pioneer Asset Management Inc. and Standard Life Aberdeen plc. 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 major investors are buying Public Storage stock?

PSA stock was purchased by a variety of institutional investors in the last quarter, including Oregon Public Employees Retirement Fund, Cohen & Steers Inc., Victory Capital Management Inc., APG Asset Management N.V., Daiwa Securities Group Inc., Los Angeles Capital Management & Equity Research Inc., Bessemer Group Inc. and BlackRock 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 $200.48.

How big of a company is Public Storage?

Public Storage has a market capitalization of $34.96 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?

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:  331 (Vote Outperform)
Underperform Votes:  613 (Vote Underperform)
Total Votes:  944
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 2/21/2019 by MarketBeat.com Staff

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