Stock of the Day

Public Storage (PSA)

$301.31

+$0.85 (+0.3%)

Market Cap: $52.89B

About Public Storage

Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At December 31, 2023, we had: (i) interests in 3,044 self-storage facilities located in 40 states with approximately 218 million net rentable square feet in the United States and (ii) a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 275 self-storage facilities located in seven Western European nations with approximately 15 million net rentable square feet operated under the Shurgard brand.

Our headquarters are located in Glendale, California.

Public Storage Bull Case

Here are some ways that investors could benefit from investing in Public Storage:

• The current stock price is around $307.84, reflecting a stable performance in the market.
• Public Storage has a strong dividend yield of approximately 3.90%, providing investors with regular income.
• Recent upgrades from analysts, including a target price increase to $340.00, indicate positive market sentiment.
• The company reported a solid earnings per share (EPS) of $4.12, surpassing analysts' expectations, which suggests strong financial health.
• Institutional investors own a significant portion of the company, indicating confidence from large financial entities.

Public Storage Bear Case

Investors should be bearish about investing in Public Storage for these reasons:

• The company's payout ratio is currently at 119.17%, which may raise concerns about sustainability in dividend payments.
• Public Storage has a relatively high debt-to-equity ratio of 1.77, indicating a reliance on debt financing that could pose risks in economic downturns.
• Market volatility could impact the stock price, as seen with fluctuations in trading volumes and price targets from analysts.
• Despite recent positive earnings, the revenue growth has been modest, which may limit future expansion potential.
• Analysts have mixed ratings, with some maintaining a "hold" rating, suggesting caution among investors.

Recent News

• When Will Mr. Market Turn Up The Heat On Cold Storage? (seekingalpha.com)
• Public Storage Expands Portfolio Amid Rent Decline (tipranks.com)