Home » Stocks » PSA

Public Storage (PSA)

Stock Price: $235.05 USD 3.70 (1.60%)
Updated Mar 5, 2021 4:00 PM EST - Market closed
Market Cap 41.11B
Revenue (ttm) 2.92B
Net Income (ttm) 1.10B
Shares Out 174.49M
EPS (ttm) 6.29
PE Ratio 37.37
Forward PE 31.85
Dividend $8.00
Dividend Yield 3.40%
Trading Day March 5
Last Price $235.05
Previous Close $231.35
Change ($) 3.70
Change (%) 1.60%
Day's Open 231.80
Day's Range 229.50 - 235.53
Day's Volume 667,872
52-Week Range 151.00 - 246.52

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Zacks Investment Research - 1 week ago

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

Zacks Investment Research - 1 week ago

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?

Business Wire - 1 week ago

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,...

Zacks Investment Research - 2 weeks ago

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.

The Motley Fool - 3 weeks ago

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

Other stocks mentioned: EXR, LSI, NSA
GuruFocus - 1 month ago

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...

Other stocks mentioned: EML, GBL, HBI, INTC
Business Wire - 1 month ago

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 i...

Seeking Alpha - 1 month ago

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 a...

Other stocks mentioned: CUBE, EXR, LSI, NSA, SELF
Business Wire - 1 month ago

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 distributi...

Zacks Investment Research - 1 month ago

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

The Motley Fool - 1 month ago

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

Other stocks mentioned: CLX, IIPR
Business Wire - 1 month ago

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...

InvestorPlace - 2 months ago

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...

Other stocks mentioned: ARE, AVB, DHI, INVH, LOW, SPG
Business Wire - 2 months ago

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 ...

Seeking Alpha - 2 months ago

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 pu...

Seeking Alpha - 2 months ago

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

The Motley Fool - 2 months ago

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

Other stocks mentioned: PG, DUK
Investopedia - 2 months ago

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
The Motley Fool - 2 months ago

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

Other stocks mentioned: KFY
CNBC - 2 months ago

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

Zacks Investment Research - 2 months ago

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...

Business Wire - 2 months ago

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. (togethe...

InvestorPlace - 2 months ago

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
Business Wire - 2 months ago

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 ...

Business Wire - 2 months ago

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) today announced that the Company will host an Investor Day, which is anticipated to be held virtually, on May 3, 2021. The Investor...

Business Wire - 2 months ago

GLENDALE, Calif.--(BUSINESS WIRE)--Add after last paragraph of release: "Additional Information" and "Certain Information Regarding Participants" sections. The updated release reads: PUBLIC ST...

Benzinga - 2 months ago

Activist hedge fund Elliott Management Corp. has acquired a significant stake in self-storage service provider Public Storage (NYSE: PSA), the Wall Street Journal reported Sunday — citing peop...

Business Wire - 2 months ago

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today the appointment of three new members to its Board of Trustees, effective January 1, 2021, including: Shankh Mitra, ...

Zacks Investment Research - 2 months ago

The closing of the first phase of the Beyond Self Storage portfolio buyout by Public Storage (PSA) comes as part of its effort to expand portfolio through opportunistic growth strategy.

Business Wire - 2 months ago

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA), the leading owner, developer, and operator of self-storage properties, has closed the first phase of its previously announced acqu...

Zacks Investment Research - 3 months ago

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

Seeking Alpha - 3 months ago

Stock prices have recently been moving based on how companies are categorized rather than on actual fundamentals. This creates mis-pricing and some great opportunities.

Other stocks mentioned: BRX
The Motley Fool - 3 months ago

Investors may want to look beyond the obvious picks to find reliable, consistent growth.

Other stocks mentioned: LW, MSFT, SCI
Business Wire - 3 months ago

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 6,000,000 deposita...

Seeking Alpha - 4 months ago

Public Storage (PSA) CEO Joe Russell on Q3 2020 Results - Earnings Call Transcript

Other stocks mentioned: PUGOY
Zacks Investment Research - 4 months ago

Public Storage (PSA) Q3 results reflect an increase in occupancy in the reported quarter and gains from expansion moves.

Seeking Alpha - 4 months ago

Trump might stay in office another four years. Or Biden might take over. The pandemic might linger well into 2021. Or we might find ourselves rid of it much sooner.

Other stocks mentioned: AVB, BXP, EQR, ESS, HTA, KRC, MPW, O, PLD, SRC, UDR
Business Wire - 4 months ago

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today operating results for the three and nine months ended September 30, 2020. Operating Results for the Three Months En...

Zacks Investment Research - 4 months ago

The economic disruption and its impact have widely varied across different property types and hence, delving deeper into the asset fundamentals and markets of each REIT becomes all the more im...

Other stocks mentioned: EXR, HR, HST, TRNO
Seeking Alpha - 4 months ago

Public Storage is up year-to-date. That's pretty rare among publicly-traded REITs. The company is benefiting from owning recession-resistant assets.

Zacks Investment Research - 4 months ago

While Public Storage (PSA) is likely to have gained from its high brand value and solid presence in key cities, a slowdown in demand and stiff competition might have played spoilsport in Q3.

Business Wire - 4 months ago

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today that its Board of Trustees has appointed Kristy M. Pipes to the Board of Trustees effective October 26, 2020. Ms. P...

Forbes - 4 months ago

Public Storage has been named as a Top 25 ''Dividend Giant'' by ETF Channel, with a stunning $13317911.22B worth of stock held by ETFs, and above-average ''DividendRank'' statistics including ...

Zacks Investment Research - 4 months ago

IRM vs. PSA: Which Stock Is the Better Value Option?

Other stocks mentioned: IRM
Seeking Alpha - 4 months ago

Self Storage REITs have been unexpected leaders throughout the pandemic. Riding the tailwinds of the single-family housing boom, storage REITs are one of four property sectors in positive terr...

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

Kiplinger Investing periodically lists retirement tips. This 41-stock list comes from two articles. One by Brian Bollinger, updated 8/5/20 and another by Charles Lewis Sizemore, CFA, 7/2/19. A...

Other stocks mentioned: CVS, CVX, ENB, EPD, IP, KMI, LTC, MMP, PBA, T, TD, UGI, WPC, XOM
Seeking Alpha - 4 months ago

Why Small-Cap REITs Have More Upside - Plus 2 To Buy

Other stocks mentioned: AMT, CCI, DLR, EQIX, IRT, O, PLD, SBAC, SPG, UBA, UBP, VNQ, WELL, WY
The Motley Fool - 4 months ago

Think real estate stocks are boring? Their return potential certainly isn't.

Other stocks mentioned: AVB, DLR, O, WELL
Business Wire - 4 months ago

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE: PSA) announced today it intends to release its third quarter 2020 earnings results on Wednesday, November 4, 2020. A conference call is...

Seeking Alpha - 5 months ago

While it was the second worst-performing sector in 2019 and fundamentals for 2020 were projected to be the worst in years, it has been a huge outperformer in 2020.

Other stocks mentioned: ICF, LSI, NSA, VNQ, XLRE

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 243.55, which is an increase of 3.62% from the latest price.

Price Target
$243.55
(3.62% upside)
Analyst Consensus: Hold