Public Storage is a industrial REIT company located in California, United States, which is part of the Real Estate sector, and is traded under the ticker PSA on the NYSE exchange.
Public Storage stock last closed at $292.92, down 1.83% from the previous day, and has decreased 20.31% in one year. It has overperformed other stocks in the REIT - Industrial industry by 0.04 percentage points. Public Storage stock is currently +8.44% from its 52-week low of $270.13, and -30.55% from its 52-week high of $421.76.
As of Mar 21, 2023, there are 175.76M PSA shares outstanding. The market capitalization of PSA is $51.48B. In the past 24 hours, 1.31M PSA shares were traded.
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After you have selected the best place to buy Public Storage stock, it's absolutely critical to research their stock before you invest, so you actually comprehend the risk as well as the opportunity.
WallStreetZen was created to help average investors perform more in-depth fundamental analysis quickly.
You can see all of the due diligence checks on PSA's stock page.
You can use many financial metrics, analyses, models, and charts to gauge PSA's true value.
Using relative valuations methods:
You can do more valuation analysis on PSA's stock here.
Out of 8 Wall Street analysts who give ratings on PSA, the consensus analyst rating on Public Storage is a Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they financial advice.
Ronald Kamdem, a top 18% analyst from Morgan Stanley maintains PSA with a hold rating and lowers their PSA price target from $298.00 to $290.00, on Oct 13, 2022.
Steve Sakwa, a bottom 13% analyst from Evercore ISI Group maintains PSA with a hold rating and lowers their PSA price target from $333.00 to $327.00, on Sep 19, 2022.
Jonathan Hughes, a bottom 18% analyst from Raymond James downgrades PSA to a buy rating and raises their PSA price target from $365.00 to $380.00, on Aug 16, 2022.
Michael Goldsmith, a bottom 23% analyst from UBS maintains PSA with a hold rating and lowers their PSA price target from $390.00 to $336.00, on Jul 25, 2022.
Jonathan Petersen, a bottom 8% analyst from Jefferies maintains PSA with a strong buy rating and lowers their PSA price target from $465.00 to $369.00, on Jun 30, 2022.
You can dig deeper into what analysts are saying on the Public Storage stock forecast page.
Last year, PSA earnings were $4.14B. In the last 5 year, PSA's earnings have grown by 28.49% per year. This was faster than the REIT - Industrial industry average of 16.02%.
Last year, PSA revenue was $4.18B. In the last five year, PSA's revenue has grown by 9.4% per year. This was slower than the REIT - Industrial industry average of 16.23%.
Find out more about PSA's earnings and revenue performance here.
In the last 12 months, executives and large shareholders at PSA have bought more shares than they have sold.
Avedick Baruyr Poladian, Director of PSA, was the latest PSA insider to buy. They bought $822,982.20 worth of PSA stock on Mar 13, 2023.
Learn more about who owns PSA stock here.
Public Storage pays a dividend of 7.56%, compared to the REIT - Industrial industry's average dividend yield of 4.49%. If you owned $1,000 worth of PSA stock, you would have received $75.62 in the past year.
Public Storage dividend payments have consistently grown over the past decade but have not remained stable.
Get more info about Public Storage dividend yield and history here.
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To summarize, here are the 6 steps to buy Public Storage stock:
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