Public Storage stock: buy or sell

PSA stock price: $267.75 1.54% At close on Apr 15th, 2021

Updated on:
Apr 16th, 2021

1

Public Storage stock brief

  • After marking all-time highs on Thursday, Public Storage closed at $267.75 growing a 1.54%
  • Truist Securities published a neutral rating for Public Storage on Wednesday, with a forecast of $269.00
  • 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.

Should I buy Public Storage stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $PSA stock a buy?

Currently, Public Storage stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $PSA will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Public Storage stock?

Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies allow us to avoid impulsive decisions based on our personal sentiments or the noise surrounding the market. Our trading system selects very simple setups to guide us on when is a good time to sell our shares. Be aware that these setups should not be used for selling short $PSA stock

A guiding principle is that you should not mantain a trading operation that leads to higher than expected losses by the time of purchase. The moment to sell shares always has to be determined by the stop-loss (automatic or manual)

Is it time to sell Public Storage stock?

Currently, Public Storage stock doesn't match any of our preferred sell setups, so if you own Public Storage stock and your operation is in profit probably is not time to sell now

Public Storage ratings

In the last 30 days, 3 analyst ratings were published for Public Storage

Public Storage analysts' ratings - Last 30 days
Brokerage firmRating
Mar 18th, 2021
Morgan Stanley
Apr 13th, 2021
Truist Neutral
Apr 14th, 2021
Truist Securities Neutral

Public Storage stock analysis

Since the price bottomed at $210.47 last January, the stock gained by 27.22%.

$PSA at new All-time Highs

On Thursday, Public Storage hit new all-time highs (ATH) again at $268.26. Stock surged fast in the last 2 weeks, hiting new all-time highs 7 times

SMAs overview

PSA stock SMAs chart

Supports and resistances

Price is at highs and there are not upper resistance levels.

The current supports are:

  • S1: $250.14 (-6.58% below)
  • S2: $236.60 (-11.63% below)
  • S3: $235.62 (-12.00% below)
  • Bollinger bands

    The price is moving very close to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a sell signal, as price can move in these levels for many days and weeks

    PSA stock Bollinger Bands chart

    Relative strength index

    Climbed over the 70 level Thursday, with a value of 74.77. Contrary to what many investors may think, the fact that the value is above the level of 70 does not imply a sell signal, as stock price can rise during several weeks being in the overbought zone

    PSA stock RSI chart

    Public Storage stock price history

    Public Storage went public priced at an adjusted price1 of $2.74 on Nov 1980. Since then, PSA stock has risen by 9,671.90%, with an average of 241.80% per year. An investment of thousand dollars on Nov 1980 would have a value of $97,718.98 nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    PSA stock price history chart

    Price target for Public Storage stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.

    The following table shows the price target posted by financial institutions in the last 30 days. If you are a small investor you don't have to invest based on these price targets.

    There are 3 price predictions released for Public Storage that average $256.33. That is a 4.27% than the last price ($267.75).

    Public Storage stock price predictions
    Brokerage firmPrice target
    Mar 18th, 2021
    Morgan Stanley $221.00$231.00
    Apr 13th, 2021
    Truist $262.00$269.00
    Apr 14th, 2021
    Truist Securities $262.00$269.00

    Earnings and financials

    Investors event was hosted by Public Storage ($PSA) last February after presenting the financial report. Public Storage topped market estimates and presented of $2.93, that is a 51.03% improvement versus the forecasts of $1.94. Despite this, reported sales of $698.9 million were in line with analysts forecasts.

    Compared to the same quarter one year ago, EPS was $1.87, so posted EPS is a increase of 56.68%. Revenue inched a 6.28% on an annualized basis in the , from $7.3B to $7.8B last quarter.

    Public Storage ($PSA) releases quarterly earnings report on April 29. Forecasted for this quarter is $1.77, compared to $2.93 that was reported for Q4.

    Public Storage performance

    PSA performance compared
    Company1m3m6m
    Public Storage ($PSA) 9.20% 20.10% 15.80%

    Important note:
    The thoughts expressed in this article are personal and not recommendations for you to buy or sell stocks. The author of this text does not know the particular positions of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are posted for informational motives only

    Public Storage summary

    Thursday, April 15th, 2021
    Open$265.57
    Close$267.75
    Day range$264.96 - $268.26
    Previous close$263.69
    Session gain1.54%
    Average true range$5.40
    50d mov avg$240.46
    100d mov avg$231.19
    200d mov avg$220.26
    Earnings dateApril 29th, 2021

    Frequently asked questions

    What is Public Storage stock symbol?

    Public Storage is a public company trading in the US stock market with the PSA symbol

    Is Public Storage stock a buy or sell?

    Public Storage received 3 ratings in the last 30 days: 0 bullish, 0 bearish and 2 neutral.

    Will PSA go up?

    Public Storage had different price forecasts published by market analysts in the last month setting the target price to $256.33. That is a 4.27% than the current price ($267.75).