27-Sep-2024
Major real estate stocks see marginal losses, REITs continue to gain
Seeking Alpha News (Sat, 28-Sep 12:00 PM ET)
Public Storage Declares Third Quarter 2024 Dividends
Business Wire (Thu, 1-Aug 5:17 PM ET)
Public Storage Reports Results for the Three and Six Months Ended June 30, 2024
Business Wire (Tue, 30-Jul 4:07 PM ET)
Public Storage Appoints New Independent Trustee
Business Wire (Thu, 25-Jul 4:17 PM ET)
Public Storage to Release Second Quarter 2024 Earnings Results and Host Quarterly Conference Call
Business Wire (Tue, 16-Jul 4:07 PM ET)
Public Storage Releases 2024 Sustainability Report
Business Wire (Fri, 28-Jun 4:05 PM ET)
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.
Public Storage trades on the NYSE stock market under the symbol PSA.
As of September 27, 2024, PSA stock price climbed to $356.64 with 737,418 million shares trading.
PSA has a beta of 0.95, meaning it tends to be less sensitive to market movements. PSA has a correlation of 0.27 to the broad based SPY ETF.
PSA has a market cap of $62.42 billion. This is considered a Large Cap stock.
Last quarter Public Storage reported $1 billion in Revenue and $4.23 earnings per share. This fell short of revenue expectation by $-80 million and exceeded earnings estimates by $.02.
In the last 3 years, PSA traded as high as $421.76 and as low as $233.18.
The top ETF exchange traded funds that PSA belongs to (by Net Assets): VNQ, VTI, VOO, SPY, IVV.
PSA has outperformed the market in the last year with a return of +39.1%, while the SPY ETF gained +35.8%. In the last 3 month period, PSA beat the market returning +25.5%, while SPY returned +4.9%. However, in the most recent 2 weeks PSA has underperformed the stock market by returning -0.7%, while SPY returned +2.0%.
PSA support price is $352.24 and resistance is $360.77 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PSA shares will trade within this expected range on the day.