Public Storage (PSA)

NYSE: PSA · IEX Real-Time Price · USD
297.60
-5.08 (-1.68%)
At close: Dec 9, 2022 4:00 PM
300.43
+2.83 (0.95%)
After-hours: Dec 9, 2022 7:51 PM EST
-1.68%
Market Cap 53.31B
Revenue (ttm) 4.02B
Net Income (ttm) 4.34B
Shares Out 175.28M
EPS (ttm) 24.61
PE Ratio 12.09
Forward PE 26.81
Dividend $21.15 (7.11%)
Ex-Dividend Date Dec 13, 2022
Volume 571,628
Open 301.91
Previous Close 302.68
Day's Range 297.52 - 303.35
52-Week Range 270.73 - 421.76
Beta 0.37
Analysts Buy
Price Target 366.10 (+23.0%)
Earnings Date Nov 1, 2022

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 Equity Real Estate Investment Trusts (REITs)
CEO Joseph Russell
Employees 5,800
Stock Exchange NYSE
Ticker Symbol PSA
Full Company Profile

Financial Performance

In 2021, Public Storage's revenue was $3.42 billion, an increase of 17.18% compared to the previous year's $2.92 billion. Earnings were $1.95 billion, an increase of 43.92%.

Financial Statements

Analyst Forecast

According to 19 analysts, the average rating for PSA stock is "Buy." The 12-month stock price forecast is 366.1, which is an increase of 23.02% from the latest price.

Price Target
$366.1
(23.02% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Why Is Public Storage (PSA) Up 5.3% Since Last Earnings Report?

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

1 week ago - Zacks Investment Research

3 High-Yielding Dividend Stocks Near Their 52-Week Lows

The lowest yield on this list is 2.7%.

Other symbols: MDTSO
1 week ago - The Motley Fool

Public Storage Recognized as the U.S. Self-Storage Sustainability Leader on the GRESB Benchmark

GLENDALE, Calif.--( BUSINESS WIRE )--Public Storage (NYSE:PSA), the world's largest owner and operator of self-storage facilities, announced today that the Company is the U.S. self-storage sustainabilit...

1 week ago - Business Wire

Is it Wise to Hold on to Public Storage (PSA) Stock for Now?

The rising demand for self-storage spaces, accretive buyouts and a solid balance sheet are likely to aid Public Storage (PSA). Stiff competition and huge development pipeline costs are concerns.

2 weeks ago - Zacks Investment Research

7 Stocks to Buy to Profit from the Political Uncertainty

Pending the runoff election in Georgia, Americans now have clarity on the balance of power in Washington, D.C. for the next two years.

Other symbols: CHPTCRWDEXPEKFYMGMXOM
3 weeks ago - InvestorPlace

‘Investors aren't thinking enough about what can go right in 2023.' Veteran manager offers five stocks to play the bi...

2022 may be remembered as the year investors fell out of love with tech stocks.

Other symbols: CVSGSHONMSFT
3 weeks ago - Market Watch

There's a symmetrical relationship between inflation's rise and fall, says Nancy Tengler

Laffer-Tengler Investment's Nancy Tengler joins 'The Exchange' to discuss the duration of today's rally, the implications of midterm election results, and some stock names benefiting from the digital re...

4 weeks ago - CNBC Television

Worried About a Recession? These 2 Stocks Could Help Get You Through

Public Storage and Agree Realty should have what it takes to make it through a recession unscathed.

Other symbols: ADC
1 month ago - The Motley Fool

Public Storage (PSA) Q3 FFO & Revenues Top Estimates, View Up

Public Storage's (PSA) Q3 results outshine estimates. Growth in the top line was aided by the increase in the realized annual rent per occupied square foot.

1 month ago - Zacks Investment Research

Public Storage (PSA) Q3 FFO and Revenues Top Estimates

Public Storage (PSA) delivered FFO and revenue surprises of 1.98% and 1.94%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Why Earnings Season Could Be Great for Public Storage (PSA)

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

What's in Store for Public Storage (PSA) in Q3 Earnings?

Public Storage's (PSA) Q3 results are likely to reflect gains from high brand value, the company's solid presence in key cities and healthy rental rates.

1 month ago - Zacks Investment Research

Neuberger Berman's Brian Jones offers opportunity plays in REITs

Brian Jones, Neuberger Berman portfolio manager, joins 'The Exchange' to discuss opportunity finds in REITs.

Other symbols: AMTCCIPLDWELL
1 month ago - CNBC Television

REITs ‘well positioned' as interest rates rise, economist says

Reits National Association of REITs economist John Worth joins Yahoo Finance Live anchors Julie Hyman, Brian Sozzi and Brad Smith to discuss the market for REITs as interest rates rise and inflation rem...

Other symbols: AMTCCIEQIXPLD
1 month ago - Yahoo Finance

Here's Why Public Storage (PSA) is an Apt Portfolio Pick Now

Public Storage (PSA) is likely to capitalize on favorable self-storage industry fundamentals, presence in major metropolitan markets, strategic acquisitions and a solid balance-sheet position.

1 month ago - Zacks Investment Research

Public Storage to Release Third Quarter 2022 Earnings Results and Host Quarterly Conference Call

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today it intends to release its third quarter 2022 earnings results after the market close on Tuesday, November 1, 2022. A conferen...

2 months ago - Business Wire

3 Reasons Growth Investors Will Love Public Storage (PSA)

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

2 months ago - Zacks Investment Research

Public Storage to Celebrate its 50th Anniversary by Ringing the NYSE Opening Bell

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today that Chief Executive Officer Joe Russell, together with leaders from across the company, will celebrate its 50th Anniversary ...

2 months ago - Business Wire

3 Dividend Stocks to Fall in Love With Right Now

Fall is officially here. These 3 income stocks are perfect buys before the end of 2022.

Other symbols: NNNWPC
2 months ago - The Motley Fool

Two-minute drill: PSA, MDT & WTW

Jeremy Bryan, Gradient Investments portfolio manager, joins 'Closing Bell: Overtime' to discuss his favorite stock picks including; Public Storage, Medtronic and Willis Towers Watson.

Other symbols: MDTWTW
2 months ago - CNBC Television

Nasdaq Bear Market Got You Down? Consider Buying These 2 Stocks

These stocks can help tamp down volatility.

Other symbols: O
2 months ago - The Motley Fool

7 Great REITs to Buy for Handsome Payouts

Finding the right real estate investment trusts (REITs) to buy really boost your portfolio – particularly if you're eager for a regular income stream. REITs are popular for investors who favor dividend ...

Other symbols: CPTCUBEEXRHSTPLDREXR
3 months ago - InvestorPlace

Public Storage to Participate in Bank of America's 2022 Global Real Estate Conference

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today that the Company will participate in a roundtable discussion at Bank of America's 2022 Global Real Estate Conference to be he...

3 months ago - Business Wire

Should You Hold Onto 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.

3 months ago - Zacks Investment Research