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 $273.20, up 1.49% from the previous day, and has decreased 8.12% in one year. It has underperformed other stocks in the REIT - Industrial industry by 0.02 percentage points. Public Storage stock is currently +17.16% from its 52-week low of $233.18, and -12.51% from its 52-week high of $312.25.
As of May 7, 2024, there are 175.72M PSA shares outstanding. The market capitalization of PSA is $48.01B. In the past 24 hours, 514,883 PSA shares were traded.
You need a brokerage account in order to access the NYSE market and buy PSA shares.
Based on our analysis, eToro is the best place to buy stocks. eToro gives you:
Get $10 towards your purchase of stock by creating an account with eToro now.
Open eToro AccountNow that you've chosen your brokerage, it's time to fill out some personal info so you are able to buy PSA stock today.
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.
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 additional valuation analysis on PSA's stock here.
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.
Jonathan Petersen, a bottom 12% 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 top 33% 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 6% 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 20% 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.
Last year, PSA earnings were $1.94B. During the past 5 year, PSA's earnings have grown by 5.07% per year. This was slower than the REIT - Industrial industry average of 8.02%.
Last year, PSA revenue was $4.58B. Over the last 5 year, PSA's revenue has gone up by 10.51% per year. This was slower than the REIT - Industrial industry average of 18.98%.
Learn more about PSA's earnings and revenue performance here.
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.
No, Public Storage doesn't provide an income stream by paying out dividends.
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other traders have to say.
There are two main order types:
Click the Open Trade button and eToro will execute the order.
If you want more info about buying stocks on eToro, click the how to video below:
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.
To summarize, here are the 6 steps to buy stock in Public Storage:
If you need a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your investment in Public Storage, click below.