PSA stock: buy or sell?

PSA stock price: $220.75 0.33% At close on January 17th, 2020

Updated on:
January 17th, 2020

2

Public Storage shares stayed constant 0.33% to $220.75 yesterday. Counting Friday, it's been 3 green sessions in a row, gaining $4.44 or 2.05%.

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 PSA stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to choose your own trading strategy that matches with your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

None of our preferred buy setups matches with Public Storage stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Public Storage stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we detected 13 ratings published for PSA stock in the last month.

Is PSA a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-16Morgan StanleyUnderweightEqual
2019-9-11Citigroupn/aNeutral
2019-8-28ArgusBuyPositive
2019-8-27SunTrust Banksn/aHold
2019-8-21Robert W. BairdUnderperformNeutral
2019-7-19Bank of AmericaNeutralBuy
2019-6-11KeyCorpUnderweightSector Weight
2019-4-9Jefferies Financial GroupUnderperformHold
2019-4-9Argusn/aBuy
2019-4-16Barclaysn/aSell
2019-3-7Barclaysn/aHold
2019-3-26BarclaysEqual WeightUnderweight
2019-2-5Barclaysn/aHold

PSA stock analysis

Daily outlook

Public Storage shares stayed steady 0.33% to $220.75 yesterday.

Shares of Public Storage closed yesterday at $220.75 and stayed constant a tiny 0.33%. Since October when PSA stock price broke down the SMA200d line, it slid $-11.71 per share (-5.04%). PSA shows a strong short term uptrend with several rising tops and rising bottoms. Since its last bottom on January 7th, PSA climbed unceasignly breaking out above its last top at 214.93. On September, PSA hit a new all time high, pushing higher than on August tops. Check different trading setups that use ATHs as triggers.

PSA stock chart (daily)

Weekly outlook

Public Storage ended this week at $220.75 and stepped up a fine 2.28%. Counting this, it's been 5 green weeks in a row, gaining $15.32 or 7.23%.

Since late October 2019, when PSA stock price broke down the 40-weeks moving avarage line, it slid $-11.02 per share (-4.75%). Trading stocks that are below the 40-weeks (that is, 200-days) moving average line is not recommended by many experts, as it indicates that the stock has not enough institutional support. Far behind is the all-time high Public Storage hit early September and since then the price is -15.78% below that top.

PSA stock chart (weekly)

PSA stock price history

PSA IPO was on November 18th, 1980 at $2.15 per share1. Since then, PSA stock surged a 10,167.40%, with an average of 260.70% per year. If you had invested right after PSA's IPO a $1,000 in PSA stock in 1980, it would worth $101,674.00 today.

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

PSA stock historical price chart

PSA stock reached all-time highs on September with a price of $262.10.

PSA stock price target is $233.10

Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we found 11 price targets for PSA stock:
PSA stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-16Morgan StanleyUpgrades$193.00$240.0024.4%
2019-9-11CitigroupRaises Target$223.00$250.0012.1%
2019-8-28ArgusRaises Targetn/a$290.00-
2019-8-27SunTrust BanksRaises Target$215.00$233.008.4%
2019-8-21Robert W. BairdUpgrades$200.00$254.0027%
2019-4-9Jefferies Financial GroupUpgrades$181.00$201.0011%
2019-4-9ArgusRaises Target$10.76$240.002130.5%
2019-4-16BarclaysReiteratesn/a$218.00-
2019-3-7BarclaysReiteratesn/a$215.00-
2019-3-26BarclaysDowngrades$215.00$211.00-1.9%
2019-2-5BarclaysReiteratesn/a$212.00-
(in average)$176.80$233.1032.0%
The price prediction for Public Storage stock is $233.10, moving in a range between $290.00 and $201.00. In average, analysts' outlook on PSA price target is positive, increasing the forecast by a 32.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Public Storage presented fine results for 2018-Q4 on February. Public Storage inched Earnings per Share (EPS) by 9.00%, beating experts estimates of $2.79. Public Storage posted $3.04.
PSA earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a1.58n/a
2017-Q32017-10-251.881.61-14.4%
2017-Q42018-02-202.722.751.1%
2018-Q12018-04-252.462.480.8%
2018-Q22018-08-012.612.651.5%
2018-Q32018-10-302.682.70.7%
2018-Q42019-02-262.793.049.0%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw a good gain of 3.21% to $2,754.28 M dollars. When comparing 2018 vs 2017, on the other hand, profit margin (that is, the net income divided by revenues) jumped a 8.08% to 62.12%.

PSA annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$1,980 M-$1,050 M53.0%-
2014$2,195 M10.88%$1,144 M52.1%8.97%
2015$2,382 M8.49%$1,311 M55.1%14.60%
2016$2,561 M7.51%$1,454 M56.8%10.86%
2017$2,669 M4.22%$1,442 M54.0%-0.78%
2018$2,754 M3.21%$1,711 M62.1%18.64%

Quarterly financial results

Public Storage posted $692.46 million in sales for 2018-Q4, a -1.97% less compared to previous quarter. Reported quarter income marked $586.21 million with a profit margin of 84.66%. Profit margin skyrocketed a 31.14% compared to previous quarter when profit margin was 53.52%. When comparing turnover to same quarter last year, Public Storage sales marked a slightly fine increase and stepped up a 3.00%.
PSA quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$664 M-$353 M53.1%-
2017-Q3$686 M3.32%$357 M52.0%1.16%
2017-Q4$672 M-2.05%$389 M57.9%9.18%
2018-Q1$670 M-0.35%$343 M51.2%-11.92%
2018-Q2$686 M2.33%$404 M58.9%17.73%
2018-Q3$706 M3.04%$378 M53.5%-6.38%
2018-Q4$692 M-1.97%$586 M84.7%55.07%
2019-Q1$689 M-0.49%$367 M53.2%-37.48%

Public Storage ownership

When you are planning to buy shares of a company, it's always worth to check its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Public Storage, 14.73% of all outstanding shares are owned by its staff.

Bearish positions for PSA stock account 0.00%, no big difference from last month.

For a better understanding, the next table shows ownership data compared to other related companies:

PSA
Market cap$38.6 B
Total shares174.7 M
Float shares149.7 M
  - Institutional holdings (%)81.9%
  - Insider holdings (%)14.7%
Shares in short selling0.0%

PSA summary

Friday, January 17th, 2020
Open$220.00
Close$220.75
Day range$219.00 - $221.05
Previous close$220.02
Session gain0.33%
Average true range$2.42
50d mov avg$211.11
100d mov avg$226.67
200d mov avg$229.83
Daily patternlb03c
Weekly pattern

Public Storage performance

To better understand Public Storage performance you must compare its gains with other related stocks in same sector or industry. For Public Storage, the benchmark is made against .
Stock3m6m12m
PSA-7.73%-7.95%12.55%

Public Storage competitors

Unfortunately, we could not find any public company that could be defined as Public Storage competitor. This doesn't mean Public Storage does not have any competitor in the market, it's just we could not detected it.

    Latest PSA stock news