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Public Storage (PSA)

NYSE: PSA · Delayed Price · USD
304.75
-0.67 (-0.22%)
Pre-market:Sep 24, 2021 4:10 AM EDT
305.42
-3.77 (-1.22%)
At close: Sep 23, 4:00 PM
Market Cap54.18B
Revenue (ttm)3.09B
Net Income (ttm)1.27B
Shares Out174.82M
EPS (ttm)7.27
PE Ratio42.00
Forward PE35.71
Dividend$8.00 (2.62%)
Ex-Dividend DateSep 14, 2021
Volume700,227
Open309.27
Previous Close309.19
Day's Range304.88 - 310.75
52-Week Range206.11 - 330.88
Beta0.12
AnalystsHold
Price Target333.43 (+9.2%)
Est. Earnings DateNov 3, 2021

About PSA

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 s...

IndustryEquity Real Estate Investment Trusts (REITs)
CEOJoseph Russell
Employees5,400
Stock ExchangeNYSE
Ticker SymbolPSA
Full Company Profile

Financial Performance

In 2020, Public Storage's revenue was $2.92 billion, an increase of 2.10% compared to the previous year's $2.86 billion. Earnings were $1.36 billion, a decrease of -10.74%.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for Public Storage stock is "Hold." The 12-month stock price forecast is 333.43, which is an increase of 9.17% from the latest price.

Price Target
$333.43
(9.17% upside)
Analyst Consensus: Hold

News

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3 days ago - InvestorPlace

Public Storage Prices Public Offering of Euro-Denominated Senior Notes

GLENDALE, Calif.--(BUSINESS WIRE)--Tom Boyle, Senior Vice President and Chief Financial Officer of Public Storage (NYSE:PSA, the “Company”), announced today that the Company has priced a public offering...

3 weeks ago - Business Wire

Public Storage (PSA) Up 7.6% Since Last Earnings Report: Can It Continue?

Public Storage (PSA) reported earnings 30 days ago. What's next for the stock?

3 weeks ago - Zacks Investment Research

5 Reasons to Add Public Storage (PSA) Stock to Your Portfolio

High brand value, strategic acquisitions, robust presence in key cities and healthy balance sheet serve as major growth drivers for Public Storage (PSA).

3 weeks ago - Zacks Investment Research

Public Storage Announces the Passing of Co-Founder and Chairman Emeritus B. Wayne Hughes

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) today announced the passing of its co-founder and Chairman Emeritus, B. Wayne Hughes, on August 18, 2021. In 1972, Mr. Hughes and Kenneth Q. ...

1 month ago - Business Wire

7 Best Retirement Stocks to Buy to Build Long-Term Wealth

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1 month ago - InvestorPlace

Public Storage Announces Pricing of 3.950% Cumulative Preferred Shares of Beneficial Interest, Series Q

GLENDALE, Calif.--(BUSINESS WIRE)--Tom Boyle, Chief Financial Officer of Public Storage (NYSE:PSA, the “Company”), announced that the Company has priced a public offering of 5,000,000 depositary shares ...

1 month ago - Business Wire

Public Storage (PSA) Q2 FFO Beats on Rent & Occupancy Gains

Public Storage (PSA) Q2 results reflect an increase realized annual rent per available square foot and weighted average square foot occupancy in the quarter and gains from expansion moves.

1 month ago - Zacks Investment Research

Public Storage (PSA) Surpasses Q2 FFO and Revenue Estimates

Public Storage (PSA) delivered FFO and revenue surprises of 7.51% and 3.46%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Public Storage Reports Results for the Three and Six Months Ended June 30, 2021

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today operating results for the three and six months ended June 30, 2021. Highlights for the Three Months Ended June 30, 2021 Repor...

1 month ago - Business Wire

Factors to Impact Public Storage (PSA) This Earnings Season

Public Storage's (PSA) results will likely reflect gains from high brand value and its solid presence in key cities, driving occupancy level and rental rate hikes.

1 month ago - Zacks Investment Research

Why Public Storage (PSA) Might Surprise This Earnings Season

Public Storage (PSA) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

1 month ago - Zacks Investment Research

Public Storage to Release Second Quarter 2021 Earnings Results and Host Quarterly Conference Call

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today it intends to release its second quarter 2021 earnings results on Tuesday, August 3, 2021. A conference call is scheduled for...

2 months ago - Business Wire

The Best Real Estate Stocks to Invest In For 2021

Now that the economy is slowly getting back on its feet, there could be some really lucrative opportunities in real estate investing. One of the best ways to invest and see your income grow is by going ...

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2 months ago - Benzinga

Looking for a Growth Stock? 3 Reasons Why Public Storage (PSA) is a Solid Choice

Public Storage (PSA) is well positioned to outperform the market, as it exhibits above-average growth in financials.

2 months ago - Zacks Investment Research

7 Top-Rated REITs to Buy Today

As the economy regains its footing, it's a great time to buy certain REITs. Their diversity means there are some big winners waiting for you.

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2 months ago - InvestorPlace

Public Storage Releases 2021 Sustainability Report

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today the release of its 2021 Sustainability Report detailing how the Company's engaged and diverse team, innovative and sustainabl...

2 months ago - Business Wire

Is PSA's Record-Setting Rally Sustainable?

Public Storage (NYSE:PSA) is one of the world's largest owners, operators, and developers of self-storage facilities.

2 months ago - Schaeffers Research

Apple, Lilly, Take-Two Interactive, Roku and More Thursday Afternoon Analyst Research Calls

Halfway through Thursday's trading session stocks are higher following a back and forth Wednesday where the Nasdaq managed to close at an all-time high while all of the other major indices posted small ...

2 months ago - 24/7 Wall Street

7 Top-Rated Income Stocks to Buy

These income stocks to buy are proven performers with strong histories of dividend payments for generating cash flow. The post 7 Top-Rated Income Stocks to Buy appeared first on InvestorPlace.

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2 months ago - InvestorPlace

Should You Hold On to Public Storage (PSA) Stock Right Now?

Public Storage (PSA) is poised to gain from high brand value, strategic acquisitions and robust presence in key cities, though a development boom in many markets is a concern.

2 months ago - Zacks Investment Research

Public Storage Announces Redemption of All Outstanding Depositary Shares Representing Interests in its 4.95% Cumulati...

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today that it is calling for redemption all outstanding depositary shares representing interests in its 4.95% Cumulative Preferred ...

3 months ago - Business Wire

Is Public Storage (PSA) a Solid Growth Stock? 3 Reasons to Think " Yes "

Public Storage (PSA) is well positioned to outperform the market, as it exhibits above-average growth in financials.

3 months ago - Zacks Investment Research

Public Storage Announces Pricing of 4.000% Cumulative Preferred Shares of Beneficial Interest, Series P

GLENDALE, Calif.--(BUSINESS WIRE)--Tom Boyle, Chief Financial Officer of Public Storage (NYSE:PSA, the “Company”), announced that the Company has priced a public offering of 21,000,000 depositary shares...

3 months ago - Business Wire

Public Storage Virtual Presentation at Nareit REITweek 2021 to be Webcast

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today that the Company will make a virtual presentation at REITweek 2021 on Tuesday, June 8, 2021, from 12:45 p.m. to 1:15 p.m. (PD...

3 months ago - Business Wire