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Public Storage (PSA)
NYSE:PSA
Holding PSA?
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PSA Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$233.18 - $364.61
Previous Close$357.57
Volume552.71K
Average Volume (3M)704.35K
Market Cap
$62.58B
Enterprise Value$71.54B
Total Cash (Recent Filing)$542.26M
Total Debt (Recent Filing)$9.40B
Price to Earnings (P/E)34.0
Beta1.05
Next Earnings
Oct 29, 2024EPS Estimate
$2.61Last Dividend Ex-Date
Sep 13, 2024Dividend Yield3.31%
Share Statistics
EPS (TTM)10.68
Shares Outstanding175,018,425
10 Day Avg. Volume689,677
30 Day Avg. Volume704,348
Standard Deviation0.07
R-Squared0.25
Alpha0.00177
Financial Highlights & Ratios
Price to Book (P/B)11.68
Price to Sales (P/S)13.71
Price to Cash Flow (P/CF)17.60
P/FCF Ratio20.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue15.44
Enterprise Value/Gross Profit21.23
Enterprise Value/Ebitda20.62
Forecast
1Y Price Target
$353.36Price Target Upside-2.04% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering13
Public Storage News
Bulls Say, Bears Say
Bulls Say
Customer BehaviorThe existing customer's behavior remains unchanged with little to no push back on ECRIs.
Financial StrengthLong-term positives for PSA still exist: very strong balance sheet, strong non same-store NOI growth, and improving capex profile.
Target PriceIncreasing target price to $378 as the valuation base is rolled forward.
Bears Say
DemandFading hope for improvement in demand for Storage.
EarningsFollowing 2Q earnings, decreasing 2024 core FFO estimate to $16.79 from $16.91 and decreasing 2025 core FFO estimate to $17.03 from $17.63.
Pricing PowerA lack of pricing power with new customers.
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Ownership Overview
13.70% Insiders
30.90% Mutual Funds
37.83% Other Institutional Investors
17.58% 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 $364.61 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 29, 2024 which is in 39 days.
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 Overvalued.
Does Public Storage pay dividends?
Public Storage pays a Quarterly dividend of $3 which represents an annual dividend yield of 3.31%. See more information on Public Storage dividends here
What is Public Storage’s EPS estimate?
Public Storage’s EPS estimate is $2.61.
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:
$353.36 (-2.04% Downside)
$353.36 (-2.04% Downside)
Blogger Sentiment
Bullish
PSA Sentiment 86%
Sector Average 68%
Sector Average 68%
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
Negative
Last 7 Days ▲ 0.3%
Last 30 Days ▼ 1.8%
Last 30 Days ▼ 1.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
35.85%
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
$353.36
▼(-2.04% Downside)
Technical Analysis
Best Analysts Covering PSA
1 Year
1 Year Success Rate
13/17 ratings generated profit
1 Year Average Return
+23.01%
reiterated a buy rating 7 months ago
Copying Steve Manaker's trades and holding each position for 1 Year would result in 76.47% of your transactions generating a profit, with an average return of +23.01% per trade.
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