Sept. 10, 2020 Price forecast | 2 weeks: -0.33% | 1 month: -0.87% | 3 months: 1.67%


PSA stock forecast

Our latest prediction for Public Storage's stock price was made on the Sept. 10, 2020 when the stock price was at 218.14$.

In the short term (2weeks), PSA's stock price should underperform the market by -0.33%. During that period the price should oscillate between -4.83% and +3.19%.

In the medium term (3months), PSA's stock price should outperform the market by 1.67%. During that period the price should oscillate between -9.28% and +8.53%.

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About Public Storage

Public Storage is an American international self storage company headquartered in Glendale, California, that is run as a real estate investment trust . It is the largest brand of self-storage services in the US. In 2008, it was the largest of four publicly traded storage REITs. There are more than 2,200 Public Storage self-storage locations in the US, Canada and Europe. It also owns 42 percent of an office parks subsidiary, sells packing supplies, and provides other services. As a REIT, it is owned by real estate investors, who receive more than 90 percent of the company's profits as a return-on-investment. Public Storage Inc. was founded in 1972 by B. Wayne Hughes and Kenneth Volk Jr. It grew to 1,000 locations by 1989, using funding from investors in real estate limited partnerships . The private company was re-structured as a publicly traded REIT in 1995, when Storage Equities merged with Public Storage and adopted its name. In 2006 it acquired Shurgard Storage Centers in a $5.5 billion transaction. Shurgard has since been spun-out in to a separate publicly traded entity, with Public Storage retaining 36.6% of the company.

At the moment the company generates 2872M USD in revenues.

On its last earning announcement, the company reported a profit of 7.00$ per share.

The book value per share is 27.95$

Public Storage website


Three months stock forecastSept. 10, 2020


Financials

Revenue USD Gross Margin Operating Income Operating Margin Net Income Earnings Per Share Dividends Payout Ratio Shares Book Value Per Share Operating Cash Flow Cap Spending Free Cash Flow
2872M 71.09% 1427M 49.70% 1465M 7.00 8.00 111.40% 175M 27.95 2055M -711M 1343M