Public Storage Stock News

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today operating results for the fourth quarter and year ended December 31, 2021. Public Storage achieved significant portfolio growth, industry-leading transformation of the customer experience, and record financial results in 2021, said Joe Russell, President and Chief Executive Officer. Our momentum continues with customers enjoying end-to-end digital experience options, high-growth properties in our non-same store pool

Public Storage (PSA) delivered FFO and revenue surprises of 2.91% and 1.32%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

With the REIT industry offering a real estate structure for several economic activities, there are pockets of strength. This is likely to be reflected in the earnings of PSA, EXR, NSA and PEB.

Public Storage with ticker code (PSA) have now 14 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 444 and 333 with a mean TP of 386.29. Given that the stocks previous close was at 346.06 this is indicating there is a potential upside of 11.6%. The day 50 moving average is 359.7 and the 200 day MA is 322.97. The company has a market cap of $60,245m. Visit the company website at: https://www.publicstorage.com [stock_market_widget type="chart" template="basic" color="green" assets=PSA" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $67,249m based on the market concensus. 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 September 30, 2020, we had: (i) interests in 2,504 self-storage facilities located in 38 states with approximately 171 million net rentable square feet in the United States, (ii) an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR) which owned 239 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the “Shurgard” brand and (iii) an approximate 42% common equity interest in PS Business Parks (NYSE:PSB) which owned and operated approximately 28 million rentable square feet of commercial space at September 30, 2020.

Managing one house is hard, but these companies manage tens of thousands. It's all possible through property tech, or proptech.

Public Storage's (PSA) results are likely to reflect gains from high brand value and its solid presence in key cities, driving the occupancy level and rental rate hikes.

Public Storage (NYSE:PSA) is the world's largest owner, operator, and developer of self-storage facilities serving more than one million customers.

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Public Storage (PSA) shares closed today at 1.9% below its 52 week high of $377.36, giving the company a market cap of $62B. The stock is currently down 5.1% year-to-date, up 56.9% over the past 12 months, and up 98.7% over the past five years. This week, the Dow Jones Industrial Average rose 3.2%, and the S&P 500 rose 4.3%. Trading Activity Trading volume this week was 6.8% lower than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 0.4. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed above its Bollinger band, indicating it may be overbought. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date beats the peer average by -64.5% The company's stock price performance over the past 12 months beats the peer average by 153.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is -9.2% lower than the average peer. This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to [email protected]. © 2020 Kwhen Inc.

GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today it intends to release its fourth quarter 2021 earnings results after the market close on Tuesday, February 22, 2022. A conference call is scheduled for Wednesday, February 23, 2022, at 9:00 a.m. (PST) to discuss these results. Live conference call Domestic dial-in number: (800) 891-3840 International dial-in number: (785) 424-1249 Conference ID: PSAQ421 Simultaneous audio webcast link: PublicStorage.com, under About