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NYSE:PSA

Public Storage (PSA) Stock Price, News & Analysis

Public Storage logo
$296.08 -3.21 (-1.07%)
As of 01:10 PM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

About Public Storage Stock (NYSE:PSA)

Key Stats

Today's Range
$295.19
$301.52
50-Day Range
$288.97
$313.99
52-Week Range
$256.31
$369.99
Volume
359,784 shs
Average Volume
709,149 shs
Market Capitalization
$51.94 billion
P/E Ratio
30.75
Dividend Yield
4.05%
Price Target
$338.73
Consensus Rating
Moderate Buy

Company Overview

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.

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Public Storage Stock Analysis - MarketRank™

See Top-Rated MarketRank™ Stocks
90th Percentile Overall Score

PSA MarketRank™: 

Public Storage scored higher than 90% of companies evaluated by MarketBeat, and ranked 175th out of 952 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Public Storage has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 7 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Public Storage has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Public Storage's stock forecast and price target.
  • Earnings Growth

    Earnings for Public Storage are expected to grow by 3.11% in the coming year, from $16.70 to $17.22 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Public Storage is 30.92, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 22.54.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Public Storage is 30.92, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 22.57.

  • Price to Earnings Growth Ratio

    Public Storage has a PEG Ratio of 4.91. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Public Storage has a P/B Ratio of 9.09. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Public Storage's valuation and earnings.
  • Percentage of Shares Shorted

    2.08% of the float of Public Storage has been sold short.
  • Short Interest Ratio / Days to Cover

    Public Storage has a short interest ratio ("days to cover") of 4.4.
  • Change versus previous month

    Short interest in Public Storage has recently increased by 0.31%, indicating that investor sentiment is decreasing.
  • Dividend Leadership

    Public Storage is a leading dividend payer. It pays a dividend yield of 4.11%, putting its dividend yield in the top 25% of dividend-paying stocks.

  • Dividend Growth

    Public Storage does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Public Storage is 112.89%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Public Storage will have a dividend payout ratio of 69.69% next year. This indicates that Public Storage will be able to sustain or increase its dividend.

  • Read more about Public Storage's dividend.
  • Percentage of Shares Shorted

    2.08% of the float of Public Storage has been sold short.
  • Short Interest Ratio / Days to Cover

    Public Storage has a short interest ratio ("days to cover") of 4.4.
  • Change versus previous month

    Short interest in Public Storage has recently increased by 0.31%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Public Storage has a news sentiment score of 1.38. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 1.01 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 27 news articles for Public Storage this week, compared to 12 articles on an average week.
  • Search Interest

    Only 5 people have searched for PSA on MarketBeat in the last 30 days. This is a decrease of -17% compared to the previous 30 days.
  • MarketBeat Follows

    12 people have added Public Storage to their MarketBeat watchlist in the last 30 days. This is an increase of 500% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Public Storage insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    11.00% of the stock of Public Storage is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    78.79% of the stock of Public Storage is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Public Storage's insider trading history.
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PSA Stock News Headlines

Public company buys two Broward properties for $57M
Trump’s betrayal exposed
Trump’s Final Reset Inside the shocking plot to re-engineer America’s financial system…and why you need to move your money now.
Truist Financial Remains a Hold on Public Storage (PSA)
Public Storage price target lowered to $310 from $316 at Truist
See More Headlines

PSA Stock Analysis - Frequently Asked Questions

Public Storage's stock was trading at $299.44 at the beginning of 2025. Since then, PSA shares have decreased by 0.6% and is now trading at $297.7650.
View the best growth stocks for 2025 here
.

Public Storage (NYSE:PSA) announced its quarterly earnings results on Tuesday, July, 30th. The real estate investment trust reported $2.66 earnings per share for the quarter, missing the consensus estimate of $4.20 by $1.54. Public Storage's quarterly revenue was down 1.0% on a year-over-year basis.
Read the conference call transcript
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Public Storage investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Chevron (CVX), JPMorgan Chase & Co. (JPM), Exxon Mobil (XOM) and Intel (INTC).

Company Calendar

Last Earnings
7/30/2024
Record date for 3/28 Dividend
3/13/2025
Ex-Dividend for 3/28 Dividend
3/13/2025
Dividend Payable
3/28/2025
Today
4/01/2025
Next Earnings (Estimated)
4/29/2025
Fiscal Year End
12/31/2025

Industry, Sector and Symbol

Stock Exchange
NYSE
Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
Current Symbol
NYSE:PSA
Employees
6,200
Year Founded
1972

Price Target and Rating

Average Stock Price Target
$338.73
High Stock Price Target
$422.00
Low Stock Price Target
$299.00
Potential Upside/Downside
+13.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
12 Analysts

Profitability

Trailing P/E Ratio
31.09
Forward P/E Ratio
17.93
P/E Growth
4.91
Net Income
$2.15 billion
Pretax Margin
40.97%

Debt

Sales & Book Value

Annual Sales
$4.70 billion
Cash Flow
$17.48 per share
Price / Cash Flow
17.13
Book Value
$32.77 per share
Price / Book
9.14

Miscellaneous

Free Float
155,847,000
Market Cap
$52.51 billion
Optionable
Optionable
Beta
0.73

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This page (NYSE:PSA) was last updated on 4/1/2025 by MarketBeat.com Staff
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