Public Storage
About: Public Storage is the largest owner of self-storage facilities in the us with more than 3,000 self-storage facilities in 40 states and approximately 219 million square feet of rentable space. Through equity interests, it also has exposure to the European self-storage market through Shurgard Self Storage. The company also has a merchandise business, a third-party property management business, and an insurance business that offers products to cover losses for the goods in self-storage facilities.
Employees: 6,200
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
65% more first-time investments, than exits
New positions opened: 145 | Existing positions closed: 88
64% more funds holding in top 10
Funds holding in top 10: 14 [Q2] → 23 (+9) [Q3]
25% more capital invested
Capital invested by funds: $40.1B [Q2] → $50.4B (+$10.2B) [Q3]
5% more funds holding
Funds holding: 1,047 [Q2] → 1,104 (+57) [Q3]
9% more repeat investments, than reductions
Existing positions increased: 416 | Existing positions reduced: 381
0.45% more ownership
Funds ownership: 79.55% [Q2] → 80.01% (+0.45%) [Q3]
17% less call options, than puts
Call options by funds: $79.9M | Put options by funds: $96.6M
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$315
6%
upside
Avg. target
$347
17%
upside
High target
$380
28%
upside
6 analyst ratings
2 positive
33%
4 neutral
67%
0 negative
0%
Truist Securities Ki Bin Kim 48% 1-year accuracy 19 / 40 met price target | 14%upside $340 | Hold Maintained | 5 Dec 2024 |
Barclays Brendan Lynch 33% 1-year accuracy 10 / 30 met price target | 28%upside $380 | Overweight Maintained | 12 Nov 2024 |
RBC Capital Brad Heffern 47% 1-year accuracy 18 / 38 met price target | 16%upside $344 | Sector Perform Maintained | 8 Nov 2024 |
Wells Fargo Eric Luebchow 62% 1-year accuracy 26 / 42 met price target | 23%upside $365 | Overweight Maintained | 5 Nov 2024 |
Evercore ISI Group Steve Sakwa 45% 1-year accuracy 24 / 53 met price target | 14%upside $338 | In-Line Maintained | 14 Oct 2024 |
Financial journalist opinion
Based on 8 articles about PSA published over the past 30 days
Positive
The Motley Fool
2 days ago
5 Magnificent Dividend Growth Stocks Down 24% to 41% to Buy Before 2025 for a Lifetime of Passive Income
If you're an investor looking to grow your long-term passive income prospects, the five stocks in this article could be perfect to add to your portfolio before 2025.
Positive
Zacks Investment Research
4 days ago
OUT or PSA: Which Is the Better Value Stock Right Now?
Investors looking for stocks in the REIT and Equity Trust - Other sector might want to consider either Outfront Media (OUT) or Public Storage (PSA). But which of these two companies is the best option for those looking for undervalued stocks?
Positive
Zacks Investment Research
1 week ago
Is it Wise to Retain Public Storage Stock in Your Portfolio Now?
A high brand value in the need-based self-storage industry and strategic acquisitions are PSA's strengths. A softer demand and high-interest expenses ail.
Positive
Zacks Investment Research
2 weeks ago
Public Storage Stock Rises 26.8% in Six Months: Will the Trend Last?
While high brand value, presence in key cities and a healthy balance sheet are key drivers for PSA, softening demand and still high interest rates remain woes.
Positive
The Motley Fool
2 weeks ago
2 Magnificent S&P 500 Dividend Stocks to Buy for a Lifetime of Passive Income
Finding stocks that have long-lasting megatrends working in their favor can be an excellent way to generate new investment ideas. This notion is especially true when the businesses are market share leaders in their niche.
Positive
Seeking Alpha
3 weeks ago
Public Storage: A Great Business, With Nowhere To Grow
Public Storage is a well-run business with a strong history but faces challenges in maintaining past growth rates due to a weak housing market. The self-storage industry has low entry barriers and high competition, making it difficult for Public Storage to sustain its competitive edge. Despite technological investments, low tenant retention and increased move-in promotions pose challenges for long-term profitability and growth.
Neutral
Zacks Investment Research
3 weeks ago
OUT vs. PSA: Which Stock Is the Better Value Option?
Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Outfront Media (OUT) and Public Storage (PSA). But which of these two stocks offers value investors a better bang for their buck right now?
Positive
Seeking Alpha
4 weeks ago
Public Storage: Wonderful REIT At A Fair Price
Public Storage is a compelling REIT due to its focus on storage unit properties, offering stability and growth potential. As the largest player in the American storage unit market, it holds a dominant position with significant competitive advantages. The investment thesis highlights its market leadership, strong financials, and consistent demand for storage solutions.
Neutral
Seeking Alpha
1 month ago
The Trump Dip - Here's What I'm Buying To Improve My Dividend Portfolio
My portfolio gained significantly post-election, driven by industrial and energy stocks, while REITs and tariff-prone companies faced pressure from rising rates and trade uncertainties. I see value in stocks like Canadian Pacific and select REITs, which were sold off prematurely due to investor overreaction. Regardless of political changes, my focus remains on building a resilient portfolio with reliable income through value investments and all-weather stocks.
Neutral
Seeking Alpha
1 month ago
Public Storage (PSA) Q3 2024 Earnings Call Transcript
Public Storage (PSA) Q3 2024 Earnings Call Transcript
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