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Public Storage (PSA)
NYSE:PSA
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PSA Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$233.18 - $369.99
Previous Close$336.34
Volume554.72K
Average Volume (3M)697.49K
Market Cap
$58.87B
Enterprise Value$67.82B
Total Cash (Recent Filing)$542.26M
Total Debt (Recent Filing)$9.40B
Price to Earnings (P/E)31.5
Beta1.07
Next Earnings
Oct 30, 2024EPS Estimate
$2.6Last Dividend Ex-Date
Sep 13, 2024Dividend Yield3.57%
Share Statistics
EPS (TTM)10.68
Shares Outstanding175,018,425
10 Day Avg. Volume546,142
30 Day Avg. Volume697,494
Standard Deviation0.07
R-Squared0.25
Alpha0.00390
Financial Highlights & Ratios
Price to Book (P/B)10.99
Price to Sales (P/S)12.70
Price to Cash Flow (P/CF)16.40
P/FCF Ratio19.50
Enterprise Value/Market CapN/A
Enterprise Value/Revenue14.64
Enterprise Value/Gross Profit20.13
Enterprise Value/Ebitda19.55
Forecast
1Y Price Target
$346.69Price Target Upside3.08% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering16
Public Storage News
PremiumCompany Announcements
Public Storage Reports Steady Revenue Amid Rising Costs
PremiumCompany Announcements
Public Storage Appoints Christopher Sambar as COO
Bulls Say, Bears Say
Bulls Say
Financial PerformanceLong-term positives for PSA still exist: very strong balance sheet, strong non same-store NOI growth, and improving capex profile.
Market BehaviorThe existing customer's behavior remains unchanged with little to no push back on ECRIs.
ValuationIncreasing target price to $378 as the valuation base is rolled forward.
Bears Say
Earnings And Financial GuidancePSA shares are viewed as fairly valued relative to the lower growth profile that is now assumed, with reduced SSNOI growth expectations in 2024/2025 down approximately 50 basis points from previous estimates.
Operational Metrics And Rent Trends2Q24 operating metrics continued their downward trend with weighted average same-store square foot occupancy at 93.0%, SS NOI decreasing 1.6%, and declining direct gross margins of 79.3%.
Pricing And Demand ChallengesA lack of pricing power with new customers and fading hope for improvement in demand for storage highlight ongoing challenges in market conditions.
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Ownership Overview
10.21% Insiders
25.94% Mutual Funds
0.94% Other Institutional Investors
40.05% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Legal & RegulatoryLitigation, compliance, new legislation, and taxation risks
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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PSA FAQ
What was Public Storage’s price range in the past 12 months?
Public Storage lowest stock price was $233.18 and its highest was $369.99 in the past 12 months.
What is Public Storage’s market cap?
Currently, no data Available
When is Public Storage’s upcoming earnings report date?
Public Storage’s upcoming earnings report date is Oct 30, 2024 which is 5 days ago.
How were Public Storage’s earnings last quarter?
Public Storage released its earnings results on Jul 30, 2024. The company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.574 by $0.086.
Is Public Storage overvalued?
According to Wall Street analysts Public Storage’s price is currently Undervalued.
Does Public Storage pay dividends?
Public Storage pays a Quarterly dividend of $3 which represents an annual dividend yield of 3.57%. See more information on Public Storage dividends here
What is Public Storage’s EPS estimate?
Public Storage’s EPS estimate is $2.6.
How many shares outstanding does Public Storage have?
Public Storage has 175,018,430 shares outstanding.
What happened to Public Storage’s price movement after its last earnings report?
Public Storage reported an EPS of $2.66 in its last earnings report, beating expectations of $2.574. Following the earnings report the stock price went down -2.776%.
Which hedge fund is a major shareholder of Public Storage?
Among the largest hedge funds holding Public Storage’s share is AEW Capital Management, L.P.. It holds Public Storage’s shares valued at 61M.
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Public Storage Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$346.69 (3.08% Upside)
$346.69 (3.08% Upside)
Blogger Sentiment
Bullish
PSA Sentiment 89%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Decreased
By 275.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $136.0K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.4%
Last 30 Days ▼ 0.6%
Last 30 Days ▼ 0.6%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
47.18%
12-Months-Change
Fundamentals
Return on Equity
21.04%
Trailing 12-Months
Asset Growth
12.69%
Trailing 12-Months
Company Description
Public Storage
Public Storage engages in self-storage services in the United States. The company acquires, develops, owns and operates self-storage facilities, which it provides on a monthly rental basis for business and personal use. It has interest in over 2,500 self-storage facilities located across 38 states.
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PSA Earnings Call
Q2 2024
0:00 / 0:00
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PSA Revenue Breakdown
94.29% Self-Storage Operations
5.71% Ancillary Operations
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PSA Stock 12 Month Forecast
Average Price Target
$346.69
▲(3.08% Upside)
Technical Analysis
Best Analysts Covering PSA
1 Year
1 Year Success Rate
6/7 ratings generated profit
1 Year Average Return
+24.59%
reiterated a buy rating 2 months ago
Copying Caitlin Burrows's trades and holding each position for 1 Year would result in 85.71% of your transactions generating a profit, with an average return of +24.59% per trade.
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