Public Storage (PSA)

NYSE: PSA · IEX Real-Time Price · USD
361.79 -2.59 (-0.71%)
Jan 14, 2022 4:00 PM EST - Market closed
Market Cap63.44B
Revenue (ttm)3.25B
Net Income (ttm)1.47B
Shares Out175.36M
EPS (ttm)8.37
PE Ratio43.22
Forward PE37.31
Dividend$8.00 (2.21%)
Ex-Dividend DateDec 14, 2021
Volume676,254
Open363.39
Previous Close364.38
Day's Range358.20 - 364.74
52-Week Range218.58 - 377.36
Beta0.24
AnalystsBuy
Price Target378.79 (+4.7%)
Earnings DateNov 1, 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

Financial Statements

Analyst Forecast

According to 17 analysts, the average rating for Public Storage stock is "Buy." The 12-month stock price forecast is 378.79, which is an increase of 4.70% from the latest price.

Price Target
$378.79
(4.70% upside)
Analyst Consensus: Buy

News

2 Market Crash-Ready REIT Stocks To Buy in 2022

Worried about a market crash? See why these two REITs would bounce back quickly.

Other symbols:DLR
4 days ago - The Motley Fool

Public Storage (PSA) Gains As Market Dips: What You Should Know

Public Storage (PSA) closed at $359.82 in the latest trading session, marking a +1.1% move from the prior day.

6 days ago - Zacks Investment Research

Best Momentum Stocks to Buy for January 5th

MCB, PSA, and FERG made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on January 5, 2022

Other symbols:FERGMCB
1 week ago - Zacks Investment Research

Public Storage Announces Pricing of 4.100% Cumulative Preferred Shares of Beneficial Interest, Series S

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 10,000,000 depositary shares...

1 week ago - Business Wire

2 Unstoppable REIT Stocks To Buy in 2022

These two companies are poised for unstoppable growth in the REIT sector.

Other symbols:INVH
2 weeks ago - The Motley Fool

Here's Why Public Storage (PSA) is a Great Momentum Stock to Buy

Does Public Storage (PSA) have what it takes to be a top stock pick for momentum investors? Let's find out.

2 weeks ago - Zacks Investment Research

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

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

3 weeks ago - Zacks Investment Research

Why Self-Storage Is a Smart Buy in 2022

Self-storage is a dream sector for long-term growth investors.

Other symbols:CUBEEXR
3 weeks ago - The Motley Fool

Self-Storage in 2022: What to Expect

The self-storage industry outperformed all other commercial sectors in 2021. Will this momentum continue in 2022?

Other symbols:CUBEEXRLSIMMINSA
1 month ago - The Motley Fool

Public Storage (PSA) Closes All Storage Buyout, Boosts Portfolio

Public Storage's (PSA) latest All Storage buyout comes as part of its efforts to expand the company's portfolio through opportunistic growth strategies.

1 month ago - Zacks Investment Research

Public Storage Announces Closing of the All Storage Acquisition Amid Significant Growth Acceleration

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA), the leading owner, acquirer, developer, and operator of self-storage properties, announced today that it has closed on the acquisition of Al...

1 month ago - Business Wire

Public Storage (PSA) Down 3.1% Since Last Earnings Report: Can It Rebound?

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

1 month ago - Zacks Investment Research

3 Self-Storage REITs That Turned $10,000 Into More Than $100,000

The sector contains some of the best-performing REITs over the last decade.

Other symbols:EXRLSI
1 month ago - The Motley Fool

Public Storage Announces Redemption of All Outstanding Depositary Shares Representing Interests in its 4.90% 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 4.90% Cumulative Preferred ...

1 month ago - Business Wire

James Glassman's 10 Stock Market Picks for 2022

Earnings at T. Rowe Price Group, the Baltimore-based asset manager, have risen each year since 2009.

1 month ago - Kiplinger

Top 5 Income Stocks for 2022

There are a lot of dividend payers that look good right now and should be buying opportunities on any dips. So, here are five income stocks.

Other symbols:BGFVETFNFFRG
2 months ago - InvestorPlace

Public Storage Announces Pricing of 4.00% Cumulative Preferred Shares of Beneficial Interest, Series R

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 17,400,000 depositary shares...

2 months ago - Business Wire

This Self-Storage REIT Is Delivering Explosive Growth

The self-storage REIT delivered a monster quarter while adding more fuel to keep growing.

2 months ago - The Motley Fool

Public Storage Prices Public Offering of Senior Notes

GLENDALE, Calif.--(BUSINESS WIRE)--Tom Boyle, Chief Financial Officer of Public Storage (NYSE:PSA, the “Company”), announced today that the Company has priced a public offering of $1.75 billion aggregat...

2 months ago - Business Wire

Public Storage (PSA) Q3 FFO Beats on Rent & Occupancy Gains

Public Storage (PSA) Q3 results reflect an increase realized annual rent per available square foot and weighted average square foot occupancy and gains from expansion moves.

2 months ago - Zacks Investment Research

Public Storage (PSA) Q3 FFO and Revenues Surpass Estimates

Public Storage (PSA) delivered FFO and revenue surprises of 5.88% and 5.05%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Public Storage Announces Hiring of David Lee as Chief Operating Officer

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today that David Lee has joined the Company as Chief Operating Officer. Mr. Lee brings more than 20 years of operations leadership ...

2 months ago - Business Wire

Public Storage Reports Results for the Three and Nine Months Ended September 30, 2021

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

2 months ago - Business Wire

Public Storage Enhances Portfolio Coverage, Quality, and Growth with All Storage Acquisition

GLENDALE, Calif--(BUSINESS WIRE)--Public Storage (NYSE:PSA), the leading owner, acquirer, developer, and operator of self-storage properties, announced today the acquisition of the high-quality All Stor...

2 months ago - Business Wire

Should You Buy Public Storage (PSA) Ahead of Earnings?

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

2 months ago - Zacks Investment Research