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How to Buy Public Storage Stock

Public Storage

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 $261.44, up 0.41% from the previous day, and has decreased 9.25% in one year. It has underperformed other stocks in the REIT - Industrial industry by 0.02 percentage points. Public Storage stock is currently +12.12% from its 52-week low of $233.18, and -16.27% from its 52-week high of $312.25.

As of Apr 22, 2024, there are 175.69M PSA shares outstanding. The market capitalization of PSA is $45.93B. In the past 24 hours, 767,508 PSA shares were traded.

How to Buy Public Storage Stock

Wondering how to invest in Public Storage stock? Here's how.
  1. Figure out where to buy Public Storage stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you determine where to buy Public Storage stock.
  2. Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Fund your brokerage account: Select your payment method and add your details.
  4. Evaluate Public Storage stock: The Public Storage ticker symbol is PSA. Is Public Storage stock a good investment? Should you buy shares of PSA? How do PSA's underlying business fundamentals look? Do top analysts think Public Storage is a good buy? Why has PSA's stock price moved recently? (Hint: Our stock research tools can help you evaluate if PSA is a good stock to buy).
  5. Execute your PSA buy order: Decide if you will purchase PSA shares at the current market price or use a limit order to purchase PSA shares at a particular price.
  6. Get updates on your PSA investment: Create a watchlist to watch your position in Public Storage stock.

Step 1: Figure out where to buy Public Storage stock

You need a brokerage account in order to access the NYSE market and buy PSA shares.

A brokerage account is an investment account that enables you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Open your brokerage account

Now that you've chosen your brokerage, it's time to fill out some personal info so you are able to buy PSA stock today.

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Step 3: Fund your brokerage account

Now that you have filled out your info on our top ranked stock market app, you need to deposit funds:

Watch the video below to see the process of depositing money into your new brokerage account.

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Step 4: Evaluate Public Storage stock

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.

Public Storage Numbers

PSA Price
$261.44
1w %
-1.63%
1y %
-9.25%
5y %
21.97%
P/E
23.53x
P/B
4.59x
P/S
10.15x
PEG
0.94x
Revenue
$4.52B
Earnings
$1.95B
Fore. Rev. Growth
4.6%
Fore. Earn. Growth
25.06%
Market Cap
$45.93B
Next Earnings
May 1, 2024
Next Dividend
N/A

PSA Zen Score

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.

Is PSA stock properly valued?

You can use many financial metrics, analyses, models, and charts to gauge PSA's true value.

Using relative valuations methods:

  • PSA may be undervalued based on its P/E ratio of 23.53x, relative to REIT - Industrial industry P/E ratio of 28.4x
  • PSA could be overvalued based on its P/B ratio of 4.59x, relative to REIT - Industrial industry P/B ratio of 2.04x
  • PSA may be undervalued based on its PEG ratio of 0.94x

You can do additional valuation analysis on PSA's stock here.

Is PSA a healthy company?

Positive Financial Indicators:

  • PSA earnings of $2.36B is not sufficient to cover its interest payments.
  • PSA's operating cash flow of $3.25B allows it to safely service it's debt of $9.10B.

Negative Financial Indicators:

  • PSA has a relatively high debt to equity ratio of 0.97.
  • Total PSA debt is higher than 5 years ago, relative to shareholder equity.
  • PSA profit margin has gone down from 99% to 43.1% in the past year.

Is it a good time to buy Public Storage stock, according to analysts?

Out of 10 sell side analysts who give recommendations on PSA, the consensus analyst rating on PSA is a Buy

It's important to note that analyst ratings are not recommendations, nor are they investment advice.

Most Recent PSA Analyst Forecasts

Jonathan Petersen, a bottom 13% analyst from Jefferies maintains PSA with a strong buy rating and raises their PSA price target from $315.00 to $331.00, on Mar 7, 2024.

Omotayo Okusanya, a bottom 49% analyst from Deutsche Bank initiates coverage on PSA with a strong sell rating and announces their PSA price target of $250.00, on Jan 30, 2024.

Andrew Rosivach, a bottom 7% analyst from Goldman Sachs maintains PSA with a strong buy rating and raises their PSA price target from $307.00 to $340.00, on Jan 11, 2024.

Ki Bin Kim, a top 21% analyst from Truist Securities maintains PSA with a strong buy rating and raises their PSA price target from $285.00 to $315.00, on Dec 28, 2023.

Truist Securities's Ki Bin Kim raised their price target on Public Storage (NYSE: PSA) by 10.5% from $285 to $315 on 2023/12/28. The analyst maintained their Strong Buy rating on the stock.

Kim reported that Public Storage's very strong balance sheet and rent growth trends "somewhat better than its peers" were the reasons for their price target hike and reiterated Strong Buy rating.

The storage industry should grow in 2024 thanks to factors like the recent fall in longer-term interest rates and a possible housing recovery, the analyst told investors.

Kim argued the stock price gains among names in the sector over the past month presage the expected growth. 

However, the analyst cautioned that Truist Securities believes that FY 2024 earnings estimates in the sector could come in weaker than expected "in the face of stocks that have already significantly appreciated."

Steve Sakwa, a bottom 10% analyst from Evercore ISI Group maintains PSA with a hold rating and raises their PSA price target from $268.00 to $271.00, on Nov 27, 2023.

You can dive deeper into what analysts are projecting on the Public Storage stock forecast page.

PSA Momentum

SMA10
268.84
SMA20
275.93
SMA50
280.24
SMA100
283.74
SMA200
276.88
MACD
-5.92
MACD Signal
-3.77
MACD Histogram
-2.16
RSI
34.36
Stochastic %K
5.56
Stochastic %D
4.42
StochRSI %K
2.17
StochRSI %D
0.78

Is PSA Making Money?

Last year, PSA earnings were $1.95B. During the past 5 year, PSA's earnings have grown by 5.35% per year. This was slower than the REIT - Industrial industry average of 7.04%.

Last year, PSA revenue was $4.52B. Over the last 5 year, PSA's revenue has gone up by 10.36% per year. This was slower than the REIT - Industrial industry average of 18.68%.

Learn more about PSA's earnings and revenue performance here.

Are PSA insiders buying or selling the stock?

Over the past year, insiders at PSA have sold more shares than they have bought.

Ronald L. Havner Jr., Director of PSA, was the latest PSA insider to sell. They sold $87,096.00 worth of PSA stock on Apr 1, 2024.

Dig into more about who owns PSA stock here.

Does PSA stock generate passive income?

No, Public Storage doesn't provide an income stream by paying out dividends.

What do other investors have to say about PSA?

One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.

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Step 5: Execute your PSA buy order

There are two main order types:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are usually sufficient.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at a specific price limit, place a limit order.

Click the Open Trade button and eToro will execute the order.

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Step 6: Get updates on your PSA investment

Now that you own some PSA stock, you'll want to stay up-to-date on your investment.

Put PSA on a watchlist to get alerted to the latest events about your PSA stock.

PSA Feed

How to Buy Stock in Public Storage

To summarize, here are the 6 steps to buy stock in Public Storage:

  1. Figure out where to buy Public Storage stock
  2. Open your brokerage account
  3. Fund your brokerage account
  4. Evaluate Public Storage stock
  5. Execute your PSA buy order
  6. Get updates on your PSA investment

If you need a brokerage account, eToro is our recommended venue.

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If you would like to get the latest scoop on your investment in Public Storage, click below.

NYSE: PSA
$261.44+1.06 (+0.41%)
Updated Apr 22, 2024
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NYSE: PSA
$261.44+1.06 (+0.41%)
Updated Apr 22, 2024
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FAQ

How much does it cost to buy one Public Storage share?

As of Apr 22, 2024, it costs $261.44 to buy one share of Public Storage stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.382 shares of PSA.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Public Storage stock?

According to 10 Wall Street analysts who monitor Public Storage, their consensus recommendation is to buy Public Storage stock.

What is the best way to buy Public Storage stock?

One way to place an order for Public Storage stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.