Public Storage (PSA)

NYSE
Currency in USD
288.99
-6.47(-2.19%)
Closed
After Hours
302.00+13.01(+4.50%)
PSA Scorecard
Full Analysis
3 analysts have revised their earnings downwards for the upcoming period
High dividend Yield
Fair Value
Day's Range
287.52293.11
52 wk Range
256.31369.99
Key Statistics
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Prev. Close
295.46
Open
291.29
Day's Range
287.52-293.11
52 wk Range
256.31-369.99
Volume
883.14K
Average Volume (3m)
725.77K
1-Year Change
-2.05%
Book Value / Share
30.05
Fair Value
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Fair Value Upside
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PSA Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
344.56
Upside
+19.23%
Members' Sentiments
Bearish
Bullish
ProTips
Prominent player in the Specialized REITs industry
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Public Storage Company Profile

Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At September 30, 2024, we: (i) owned and/or operated 3,333 self-storage facilities located in 40 states with approximately 241 million net rentable square feet in the United States and (ii) owned a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 315 self-storage facilities located in seven Western European nations with approximately 17 million net rentable square feet operated under the Shurgard brand. Our headquarters are located in Glendale, California.

Public Storage SWOT Analysis


Market Dominance
Explore Public Storage's position as the largest U.S. storage asset owner, boasting a $55.8B market cap and industry-leading financial health metrics
Financial Resilience
Delve into PSA's robust profitability, with a 73.4% gross profit margin and strong operational efficiency, despite recent market challenges
Growth Strategies
Learn how PSA's development initiatives and potential acquisitions could drive future expansion in a shifting self-storage landscape
Analyst Outlook
Discover varied analyst perspectives, with price targets ranging from $327 to $381, reflecting PSA's market position and growth potential
Read full SWOT analysis

Public Storage Earnings Call Summary for Q3/2024

  • Core FFO per share at $4.20, down 3% YoY; same-store revenues fell 1.3%; move-in rents declined 9% YoY in Q3
  • Operating fundamentals stabilizing; digital engagement up with 75% of move-ins via eRental; nearly 2M app users
  • Q4 expected to show first sequential growth in 2+ years; revised core FFO guidance: $16.50-$16.85 per share
  • Positive 2025 outlook due to improving demand, reduced new supply competition; targeting ~6% yields on acquisitions
  • New COO Chris Sambar to drive operational efficiency; focus on sustainability with increased solar installations
Last Updated: 11/01/2024, 09:36 PM
Read Full Transcript

Compare PSA to Peers and Sector

Metrics to compare
PSA
Peers
Sector
Relationship
P/E Ratio
29.8x8.0x7.7x
PEG Ratio
−2.570.160.01
Price/Book
9.6x0.9x0.9x
Price / LTM Sales
10.8x6.1x3.7x
Upside (Analyst Target)
18.0%45.4%22.5%
Fair Value Upside
Unlock15.6%2.3%Unlock

Analyst Ratings

9 Buy
11 Hold
0 Sell
Ratings:
18 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 344.56

(+19.23% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 9.68
Dividend Yield
4.15%
Industry Median 5.07%
Annualized payout
12
Paid quarterly
5-Years Growth
+8.45%
Growth Streak

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FAQ

What Is the Public Storage (PSA) Stock Price Today?

The Public Storage stock price today is 288.99

What Stock Exchange Does Public Storage Trade On?

Public Storage is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Public Storage?

The stock symbol for Public Storage is "PSA."

Does Public Storage Pay Dividends? What’s The Current Dividend Yield?

The Public Storage dividend yield is 4.15%.

What Is the Public Storage Market Cap?

As of today, Public Storage market cap is 50.75B.

What is Public Storage Earnings Per Share?

The Public Storage EPS is 9.68.

What Is the Next Public Storage Earnings Date?

Public Storage will release its next earnings report on Feb 24, 2025.

From a Technical Analysis Perspective, Is PSA a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.
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