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Public Storage (PSA) Stock Price, News & Analysis

+7.65 (+2.70%)
(As of 06/18/2024 ET)
Today's Range
50-Day Range
52-Week Range
898,535 shs
Average Volume
672,764 shs
Market Capitalization
$51.22 billion
P/E Ratio
Dividend Yield
Price Target

Public Storage MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.64 Rating Score
4.0% Upside
$303.00 Price Target
Short Interest
1.75% of Float Sold Short
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
1.18mentions of Public Storage in the last 14 days
Based on 7 Articles This Week
Insider Trading
Acquiring Shares
$599,485 Bought Last Quarter
Proj. Earnings Growth
From $16.91 to $17.67 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.29 out of 5 stars

Finance Sector

189th out of 872 stocks

Real Estate Investment Trusts Industry

24th out of 175 stocks

PSA stock logo

About Public Storage Stock (NYSE:PSA)

Public Storage is a REIT focused on acquiring, developing, owning, and operating self-storage facilities in the US and Europe. The company is a member of the S&P 500 and the FT Global 500 and is the world’s 4th largest REIT by market cap. Along with its holdings of self-storage facilities, the company owns a 42% stake in business park company PS Business Parks and is also in business selling packing and storage supplies. The company is headquartered in Glendale California.

The company was founded in 1972 by B. Wayne Hughes and Kenneth Polk who used the leverage of investments from RELPs to grow the business. The original plan was to use the storage warehouses as a means of generating income until the properties were more valuable. The surprise is that demand for storage space was high and led to unexpected profitability.

The company has more than 1,000 locations by 1989 and then, in 1995, it transformed itself into a publicly traded REIT. The transformation was spurred by tax changes that made RELPs obsolete. The transformation was done via a merger with Storage Equities which gave up its name in favor of Public Storage. The company grew again with the acquisition of Shurgard in 2006 but it has since been spun off as its own publicly traded company. Public Storage retains 36% ownership in Shurgard.

As of September 2022, the company owned and operated 2,807 self-storage facilities in 39 states. The total area of rental space exceeded 2 million square feet serving nearly 2 million customers and generating close to $3.5 billion in annual revenues. Shurgard lays claim to another 239 facilities in the EU which amounts to another 13 minion square feet of storage space. PS Business Parks, Inc, which trades under the ticker (NYSE: PSB) owns and operates 28 million square feet of commercial space.

Advantages of Public Storage include scale, leverage, and the balance sheet. The company’s size and scale mean that more than half the US population lives within driving distance of a Public Storage facility. The company gives leverage through its three-pronged acquisition, development, and redevelopment strategy which are all supported by the balance sheet. The company’s balance sheet is set up for growth and is able to self-fund most new projects.

PSA Stock Price History

PSA Stock News Headlines

7 REITs to Snap Up if the Fed Cuts Interest Rates
Historic NVIDIA partnership could send this tiny AI stock soaring...
After striking partnerships with trillion-dollar chipmaker NVIDIA... ARM surged over 60% in a week... Who's next?
Public Storage (NYSE:PSA) Announces $3.00 Quarterly Dividend
Public Storage Has Crashed: Buy, Hold, Or Sell?
Historic NVIDIA partnership could send this tiny AI stock soaring...
After striking partnerships with trillion-dollar chipmaker NVIDIA... ARM surged over 60% in a week... Who's next?
Barclays Remains a Buy on Public Storage (PSA)
3 REIT Stocks to Buy at a Discount
5 High-Yield Dividend Stocks to Buy in May
Q1 2024 Public Storage Earnings Call
Public Storage: Q1 Earnings Snapshot
See More Headlines
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Company Calendar

Last Earnings
Ex-Dividend for 3/28 Dividend
Dividend Payable
Ex-Dividend for 6/27 Dividend
Dividend Payable
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

Real estate investment trusts
Specialized REITs
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Moderate Buy
Rating Score (0-4)
Research Coverage
11 Analysts


Net Income
$2.15 billion
Pretax Margin


Sales & Book Value

Annual Sales
$4.52 billion
Cash Flow
$18.26 per share
Book Value
$32.77 per share


Free Float
Market Cap
$51.22 billion

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Should I Buy Public Storage Stock? PSA Pros and Cons Explained


Here are some ways that investors could benefit from investing in Public Storage:

  • Public Storage has shown consistent revenue growth over the past few quarters, indicating a strong financial performance.
  • The company has a solid dividend yield, providing investors with a steady income stream.
  • Public Storage has a strong market position and brand recognition in the self-storage industry, offering stability and potential for long-term growth.
  • The current stock price of Public Storage is trading at an attractive valuation compared to its peers, presenting a potential buying opportunity.
  • With the increasing demand for storage solutions, Public Storage is well-positioned to capitalize on this trend and drive future profitability.


Investors should be bearish about investing in Public Storage for these reasons:

  • Public Storage's business model is susceptible to economic downturns, as reduced consumer spending may impact demand for storage units.
  • Increasing competition in the self-storage industry could put pressure on Public Storage's market share and margins.
  • Interest rate hikes could negatively affect Public Storage's borrowing costs and impact its profitability.
  • Regulatory changes or zoning restrictions in certain regions could limit Public Storage's expansion opportunities.
  • Public Storage's stock price may be sensitive to fluctuations in real estate market conditions, posing risks to investor returns.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, June 7, 2024. Please send any questions or comments about these Public Storage pros and cons to

PSA Stock Analysis - Frequently Asked Questions

Should I buy or sell Public Storage stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last twelve months. There are currently 1 sell rating, 3 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" PSA shares.
View PSA analyst ratings
or view top-rated stocks.

What is Public Storage's stock price target for 2024?

11 equities research analysts have issued twelve-month price targets for Public Storage's shares. Their PSA share price targets range from $250.00 to $340.00. On average, they expect the company's stock price to reach $303.00 in the next year. This suggests a possible upside of 4.0% from the stock's current price.
View analysts price targets for PSA
or view top-rated stocks among Wall Street analysts.

How have PSA shares performed in 2024?

Public Storage's stock was trading at $305.00 at the beginning of the year. Since then, PSA shares have decreased by 4.4% and is now trading at $291.45.
View the best growth stocks for 2024 here

When is Public Storage's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our PSA earnings forecast

How were Public Storage's earnings last quarter?

Public Storage (NYSE:PSA) posted its quarterly earnings results on Tuesday, February, 20th. The real estate investment trust reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.15 by $1.94. The real estate investment trust earned $1.16 billion during the quarter, compared to the consensus estimate of $1.14 billion. Public Storage had a trailing twelve-month return on equity of 36.17% and a net margin of 45.62%. Public Storage's revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company earned $4.16 EPS.
Read the conference call transcript

How often does Public Storage pay dividends? What is the dividend yield for Public Storage?

Public Storage declared a quarterly dividend on Wednesday, May 8th. Stockholders of record on Wednesday, June 12th will be paid a dividend of $3.00 per share on Thursday, June 27th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date of this dividend is Wednesday, June 12th.
Read our dividend analysis for PSA

Is Public Storage a good dividend stock?

Public Storage (NYSE:PSA) pays an annual dividend of $12.00 per share and currently has a dividend yield of 4.24%. PSA has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 108.99%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PSA will have a dividend payout ratio of 67.91% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PSA.

What guidance has Public Storage issued on next quarter's earnings?

Public Storage updated its FY 2024 earnings guidance on Tuesday, April, 30th. The company provided earnings per share guidance of 16.600-17.200 for the period, compared to the consensus earnings per share estimate of 16.940. The company issued revenue guidance of -.

What is Ronald L. Havner Jr.'s approval rating as Public Storage's CEO?

736 employees have rated Public Storage Chief Executive Officer Ronald L. Havner Jr. on Ronald L. Havner Jr. has an approval rating of 66% among the company's employees.

What other stocks do shareholders of Public Storage own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Public Storage investors own include AT&T (T), Verizon Communications (VZ), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Intel (INTC), Pfizer (PFE), Procter & Gamble (PG), Walmart (WMT), Ford Motor (F) and Walt Disney (DIS).

Who are Public Storage's major shareholders?

Public Storage's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.92%), Price T Rowe Associates Inc. MD (3.09%), Capital International Investors (1.48%), Centersquare Investment Management LLC (0.67%), Bank of New York Mellon Corp (0.67%) and Canada Pension Plan Investment Board (0.63%). Insiders that own company stock include Avedick Baruyr Poladian, Heisz Leslie Stone, John Reyes, Joseph D Russell Jr, Kristy Pipes, Nathaniel A Vitan, Nathaniel A Vitan, Rebecca L Owen and Tamara Hughes Gustavson.
View institutional ownership trends

How do I buy shares of Public Storage?

Shares of PSA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PSA) was last updated on 6/19/2024 by Staff

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