Currently, there are 175.11M common shares owned by the public and among those 157.22M shares have been available to trade.
The company’s stock has a 5-day price change of -1.72% and -9.94% over the past three months. PSA shares are trading -0.68% year to date (YTD), with the 12-month market performance up to 7.50% higher. It has a 12-month low price of $256.31 and touched a high of $369.99 over the same period. PSA has an average intraday trading volume of 692.45K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.22%, -2.03%, and -4.98% respectively.
Institutional ownership of Public Storage (NYSE: PSA) shares accounts for 82.01% of the company’s 175.11M shares outstanding.
It has a market capitalization of $52.10B and a beta (3y monthly) value of 0.76. The stock’s trailing 12-month PE ratio is 30.83, while the earnings-per-share (ttm) stands at $9.65. The company has a debt-to-equity ratio at 0.99. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.37% over the week and 1.77% over the month.
Earnings per share for the fiscal year are expected to decrease by -8.92%, and 3.63% over the next financial year. EPS should shrink at an annualized rate of -0.19% over the next five years, compared to 5.31% over the past 5-year period.
Looking at the support for the PSA, a number of firms have released research notes about the stock. Deutsche Bank stated their Hold rating for the stock in a research note on January 10, 2025, with the firm’s price target at $298-$299. RBC Capital Mkts coverage for the Public Storage (PSA) stock in a research note released on September 10, 2024 offered a Sector Perform rating with a price target of $358. BofA Securities was of a view on August 05, 2024 that the stock is Neutral, while Truist gave the stock Hold rating on August 01, 2024, issuing a price target of $306. Wells Fargo on their part issued Overweight rating on April 05, 2024.
