S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as grain leaves Ukraine; plant hit
NYSE:PSA

Public Storage - PSA Stock Forecast, Price & News

$331.20
+0.63 (+0.19%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$320.00
$334.60
50-Day Range
$297.48
$337.10
52-Week Range
$292.32
$421.76
Volume
793,876 shs
Average Volume
633,772 shs
Market Capitalization
$58.11 billion
P/E Ratio
28.21
Dividend Yield
2.42%
Price Target
$366.08

Public Storage MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
10.5% Upside
$366.08 Price Target
Short Interest
Healthy
1.72% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.53
Upright™ Environmental Score
News Sentiment
0.47mentions of Public Storage in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.73%
From $15.52 to $16.72 Per Share

Overall MarketRank

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

2.96 out of 5 stars

Finance Sector

126th out of 1,176 stocks

Real Estate Investment Trusts Industry

23rd out of 215 stocks

PSA stock logo

About Public Storage (NYSE:PSA) Stock

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 September 30, 2020, we had: (i) interests in 2,504 self-storage facilities located in 38 states with approximately 171 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 239 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 September 30, 2020. Our headquarters are located in Glendale, California.

Public Storage Stock Performance

Public Storage stock traded up $0.63 during mid-day trading on Friday, reaching $331.20. The company's stock had a trading volume of 793,876 shares, compared to its average volume of 633,772. The firm's fifty day moving average price is $316.49 and its two-hundred day moving average price is $347.36. The company has a market capitalization of $58.11 billion, a P/E ratio of 28.21, a PEG ratio of 3.02 and a beta of 0.34. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.07 and a current ratio of 2.07. Public Storage has a 12-month low of $292.32 and a 12-month high of $421.76.

Public Storage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Wednesday, September 14th will be paid a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Tuesday, September 13th. Public Storage's dividend payout ratio is presently 68.14%.

Analysts Set New Price Targets

A number of analysts recently weighed in on PSA shares. UBS Group decreased their price objective on Public Storage from $390.00 to $336.00 and set a "neutral" rating for the company in a report on Monday, July 25th. Jefferies Financial Group reduced their target price on Public Storage from $465.00 to $369.00 and set a "buy" rating for the company in a research note on Thursday, June 30th. Citigroup restated a "buy" rating and issued a $367.00 target price on shares of Public Storage in a research note on Thursday, July 28th. The Goldman Sachs Group raised their target price on Public Storage from $398.00 to $440.00 and gave the company a "neutral" rating in a research note on Thursday, April 14th. Finally, StockNews.com cut shares of Public Storage from a "buy" rating to a "hold" rating in a research report on Friday, June 10th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $366.08.

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PSA Stock News Headlines

Brokerages Set Public Storage (NYSE:PSA) PT at $366.08
Postal Realty Trust (PSTL) Q2 FFO Meet Estimates
Public Storage (PSA) Scheduled to Post Earnings on Thursday
Public Storage (NYSE:PSA) Price Target Cut to $336.00
Short Volatility Alert: Public Storage
Is it Wise to Invest in Public Storage (PSA)?
This Overlooked Stock Has Made Investors a Fortune
Public Storage Releases 2022 Sustainability Report
See More Headlines
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PSA Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 8/4 Dividend
7/29/2022
Dividend Payable
8/04/2022
Today
8/07/2022
Ex-Dividend for 9/29 Dividend
9/13/2022
Dividend Payable
9/29/2022
Next Earnings (Estimated)
11/07/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
Sector
Finance
CUSIP
74460D10
Employees
5,800
Year Founded
1972

Price Target and Rating

Average Stock Price Forecast
$366.08
High Stock Price Forecast
$440.00
Low Stock Price Forecast
$298.00
Forecasted Upside/Downside
+10.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
12 Analysts

Profitability

Net Income
$1.95 billion
Pretax Margin
46.37%

Debt

Sales & Book Value

Annual Sales
$3.42 billion
Cash Flow
$15.23 per share
Book Value
$30.01 per share

Miscellaneous

Free Float
156,161,000
Market Cap
$58.11 billion
Optionable
Optionable
Beta
0.34

Social Links


Key Executives

  • 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. 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













PSA Stock - Frequently Asked Questions

Should I buy or sell Public Storage stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last twelve months. There are currently 5 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Public Storage stock.
View analyst ratings for Public Storage
or view top-rated stocks.

What is Public Storage's stock price forecast for 2022?

12 Wall Street research analysts have issued 12 month price objectives for Public Storage's shares. Their PSA stock forecasts range from $298.00 to $440.00. On average, they anticipate Public Storage's share price to reach $366.08 in the next year. This suggests a possible upside of 10.5% from the stock's current price.
View analysts' price targets for Public Storage
or view top-rated stocks among Wall Street analysts.

How has Public Storage's stock performed in 2022?

Public Storage's stock was trading at $374.56 at the beginning of the year. Since then, PSA shares have decreased by 11.6% and is now trading at $331.20.
View the best growth stocks for 2022 here
.

When is Public Storage's next earnings date?

Public Storage is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our earnings forecast for Public Storage
.

How were Public Storage's earnings last quarter?

Public Storage (NYSE:PSA) issued its quarterly earnings results on Tuesday, May, 3rd. The real estate investment trust reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.59 by $0.96. The real estate investment trust had revenue of $749.27 million for the quarter, compared to analyst estimates of $985.58 million. Public Storage had a trailing twelve-month return on equity of 41.12% and a net margin of 56.93%. The firm's revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.82 earnings per share.
Read Public Storage's conference call transcript
.

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

Public Storage announced a quarterly dividend on Thursday, August 4th. Shareholders of record on Wednesday, September 14th will be paid a dividend of $2.00 per share on Thursday, September 29th. This represents a $8.00 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Tuesday, September 13th.
View Public Storage's dividend history
.

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 2.42%. The dividend payout ratio of Public Storage is 68.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Public Storage will have a dividend payout ratio of 47.85% next year. This indicates that Public Storage will be able to sustain or increase its dividend.
View Public Storage's dividend history.

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

Public Storage issued an update on its FY 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $15.00-$15.70 for the period. 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 CEO Ronald L. Havner Jr. on Glassdoor.com. Ronald L. Havner Jr. has an approval rating of 66% among Public Storage'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 a variety of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.61%), Russell Investments Group Ltd. (0.49%), Robeco Institutional Asset Management B.V. (0.22%), Los Angeles Capital Management LLC (0.21%), Asset Management One Co. Ltd. (0.20%) and Aew Capital Management L P (0.19%). Company insiders that own Public Storage stock include B Wayne Et Al Hughes, 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 for Public Storage
.

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 $331.20.

How much money does Public Storage make?

Public Storage (NYSE:PSA) has a market capitalization of $58.11 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 $11.74 on an earnings per share basis.

How many employees does Public Storage have?

Public Storage employs 5,800 workers across the globe.

When was Public Storage founded?

Public Storage was founded in 1972.

How can I contact Public Storage?

Public Storage's mailing address is 701 WESTERN AVENUE, GLENDALE CA, 91201. The official website for Public Storage 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 8/7/2022 by MarketBeat.com Staff

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