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Public Storage (PSA)

Stock Price: $295.81 USD 0.34 (0.12%)
Updated Jun 11, 2021 4:00 PM EDT - Market closed
Market Cap 51.76B
Revenue (ttm) 2.97B
Net Income (ttm) 1.17B
Shares Out 174.61M
EPS (ttm) 6.71
PE Ratio 44.09
Forward PE 37.59
Dividend $8.00
Dividend Yield 2.70%
Trading Day June 11
Last Price $295.81
Previous Close $295.47
Change ($) 0.34
Change (%) 0.12%
Day's Open 294.96
Day's Range 293.23 - 296.13
Day's Volume 575,019
52-Week Range 178.43 - 296.13

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

3 days ago - Zacks Investment Research

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...

6 days ago - Business Wire

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...

1 week ago - Business Wire

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

2 weeks ago - Zacks Investment Research

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today that it is calling for redemption all outstanding depositary shares representing interests in its 5.125% Cumulative Preferred...

2 weeks ago - Business Wire

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 weeks ago - Zacks Investment Research

How Biden's plan to tax real estate investors could affect the industry

YouTube video

Spencer Rascoff, Pacaso co-founder and former Zillow Group CEO, joins 'Squawk on the Street' to discuss Biden's proposed tax hike on real estate investors and what it could mean for the real estate indu...

Other stocks mentioned: AMT, DLR, SPG, STAG
1 month ago - CNBC Television

WEST PALM BEACH, Fla., May 4, 2021 /PRNewswire/ -- Elliott Investment Management L.P.

1 month ago - PRNewsWire

Public Storage (PSA) Q1 results reflect an increase realized annual rent per available square foot and weighted average square foot occupancy in the reported quarter and gains from expansion moves.

1 month ago - Zacks Investment Research

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 ez...

1 month ago - Business Wire

Public Storage (PSA) delivered FFO and revenue surprises of 4.44% and 2.25%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today operating results for the three months ended March 31, 2021. Highlights for the Three Months Ended March 31, 2021 Reported ne...

1 month ago - Business Wire

Real estate investment trusts (REITs) are the kind of investment that the Reddit/WallStreetBets crowd would probably sneer at, but the reality is we are now in no-man's-land when it comes to the stock m...

Other stocks mentioned: CUBE, EXR, LSI, NSA
1 month ago - 24/7 Wall Street

While most investors use blue-chip stocks to add stability to their portfolio, they make great economic indicators for everyone to watch. The post 7 Blue-Chip Stocks Everyone Should Watch appeared first...

Other stocks mentioned: BX, CVX, DIS, KMX, PFE
1 month ago - InvestorPlace

While Public Storage (PSA) is likely to have gained from its high brand value and solid presence in key cities, stiff competition might have played spoilsport in Q1.

1 month ago - Zacks Investment Research

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) released today registration information for its previously announced Investor Day to be held on Monday, May 3, 2021, from 9:30 a.m. to 1:30 p...

1 month ago - Business Wire

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA), the largest self-storage operator in the nation, has been recognized as one of the best places to work in Comparably's most recent workplace...

1 month ago - Business Wire

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 $2.0 billion aggregate...

1 month ago - Business Wire

The latest buyout of ezStorage will fortify Public Storage's (PSA) platform in submarkets with solid demand drivers and high barriers for new property development.

1 month ago - Zacks Investment Research

Public Storage (PSA) is poised to gain from its 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

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

2 months ago - Business Wire

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today it intends to release its first quarter 2021 earnings results on Wednesday, April 28, 2021. A conference call is scheduled fo...

2 months ago - Business Wire

STAMFORD, Conn.--(BUSINESS WIRE)--Today Land & Buildings Investment Management LLC (together with its affiliates, “Land & Buildings”), a shareholder of Public Storage (“PSA” or the “Company”) (NYSE: PSA...

2 months ago - Business Wire

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

2 months ago - Zacks Investment Research

With conflicting government data posing questions over the steadily rising Treasury yield, investors may want to concentrate on stocks to buy that may be agnostic to the drama. The post 7 Stocks to Buy ...

Other stocks mentioned: CCI, DUK, HMC, KR, PG, WELL
2 months ago - InvestorPlace

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today that the Company will participate in a roundtable discussion at the Citi 2021 Global Property CEO Conference on Wednesday, Ma...

3 months ago - Business Wire

Public Storage (PSA) Q4 results reflect an increase in occupancy in the reported quarter and gains from expansion moves.

3 months ago - Zacks Investment Research

Public Storage (PSA) delivered FFO and revenue surprises of 2.81% and 2.99%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today operating results for the fourth quarter and year ended December 31, 2020. Comment from the CEO “At Public Storage, our focus...

3 months ago - Business Wire

While Public Storage (PSA) is likely to have gained from its high brand value and solid presence in key cities, stiff competition might have played spoilsport in Q4.

3 months ago - Zacks Investment Research

The self-storage industry is growing, but which of the top players in the space is most attractive?

Other stocks mentioned: EXR, LSI, NSA
4 months ago - The Motley Fool

According to the All-in-One Screener, a Premium feature of GuruFocus, four stocks with strong profit margins as of Thursday are The Eastern Co. (NASDAQ:EML), Hanesbrands Inc. (NYSE:HBI), Intel Corp. (NA...

Other stocks mentioned: EML, GBL, HBI, INTC
4 months ago - GuruFocus

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today it intends to release its fourth quarter 2020 earnings results on Wednesday, February 24, 2021. A conference call is schedule...

4 months ago - Business Wire

Self-Storage REITs stumbled into 2020 as perennial underperformers with challenged fundamentals amid oversupply headwinds and a strained outlook which appeared certain to deteriorate further amid the pa...

Other stocks mentioned: CUBE, EXR, LSI, NSA, SELF
4 months ago - Seeking Alpha

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today the tax treatment of the Company's 2020 dividends. For the tax year ended December 31, 2020, 100% of the distributions for th...

4 months ago - Business Wire

Public Storage (PSA) is tapping the debt market to procure capital for its expansion efforts with $500 million of senior notes offering.

4 months ago - Zacks Investment Research

These companies can give your portfolio a great mix of stability, growth, and dividends.

Other stocks mentioned: CLX, IIPR
4 months ago - The Motley Fool

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 $500 million aggregate...

4 months ago - Business Wire

These real estate stocks have done exceedingly well during the pandemic and are likely to continue their great run in 2021 as well. The post 7 Hot Real Estate Stocks for 2021 appeared first on InvestorP...

Other stocks mentioned: ARE, AVB, DHI, INVH, LOW, SPG
5 months ago - InvestorPlace

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) (the “Company”) today announced that it has appointed Michelle (“Meka”) Millstone-Shroff and Rebecca Owen to its Board of Trustees (the “Boar...

5 months ago - Business Wire

I don't buy all that many REITs at this time, and haven't bought all that many throughout the later part of this year. One I have bought is Public Storage. The company is one of the largest publically t...

5 months ago - Seeking Alpha

PSA stock price has been stagnant for the last few years. The company is the dominant actor in the US self-storage business.

5 months ago - Seeking Alpha

These stocks could help you make the best use of your nest egg.

Other stocks mentioned: PG, DUK
5 months ago - The Motley Fool

Bullish patterns on charts of REIT ETFs and many top holdings suggest that this could be a group to watch in coming months.

Other stocks mentioned: AVB, RWR
5 months ago - Investopedia

Here's what two of our experts have on their radar.

Other stocks mentioned: KFY
5 months ago - The Motley Fool

Elliott has nominated six directors to the Public Storage board to oversee a more aggressive growth strategy.

5 months ago - CNBC

Public Storage (PSA) issues a statement, indicating continued efforts to drive performance on the back of its brand, enhancing scale, improving operating platform and aggressively investing in assets.

5 months ago - Zacks Investment Research

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) today issued the following statement in response to a letter from Elliott Associates, L.P. and Elliott International, L.P. (together, “Elliot...

5 months ago - Business Wire

While happening stocks are getting most of the attention in the new normal, smart buyers should consider retirement investments that are proven to be reliable for the long haul.

Other stocks mentioned: F, IBM, JNJ, KO, MCD, MMP, VRS
5 months ago - InvestorPlace

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today that it is calling for redemption all outstanding depositary shares representing interests in its 5.40% Cumulative Preferred ...

5 months ago - Business Wire

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... [Read more...]

Industry
REIT-Industrial
CEO
Joseph Russell
Employees
5,400
Stock Exchange
NYSE
Ticker Symbol
PSA
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 Forecasts

According to 14 analysts, the average rating for Public Storage stock is "Hold." The 12-month stock price forecast is 285.70, which is a decrease of -3.42% from the latest price.

Price Target
$285.70
(-3.42% downside)
Analyst Consensus: Hold