PSA stock: buy or sell?

PSA stock price: $259.54 -0.90% At close on August 23rd, 2019

Updated on:
August 23rd, 2019

5

Even the negative close ($259.54, -0.90%), Public Storage touched new all time high at $264.56.

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?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Having a trading plan helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

These 2 buy setups are elegible for Public Storage stock right now:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

Is Public Storage stock a buy?

Financial institutions and banks publish stock ratings everyday. At Stocks2.com, we detected 9 ratings published for PSA stock in the last month.

Is PSA a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
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

After several days of continuous hikes in past weeks, Public Storage slightly fell -0.90% to $259.54.

After reaching all time highs today, Public Storage slightly fell -0.90% today to $259.54. From a daily perspective, PSA is in a short term uptrend after plotting its last bottom ($255.21, on August/15) higher than the previous bottom, and its last top ($262.97, on Tuesday) also over the previous top. Now trading in between its last bottom and last top PSA might consolidate in a plain range, waiting to break out over $262.97 or down under $255.21. On April, SMA100d and SMA200d crossed up triggering a rise of 19.73%. On July 29th PSA price bounced up over the SMA of 50 days demonstrating to be a significant support for this stock.

PSA stock chart (daily)

Weekly outlook

Shares of Public Storage closed this week at $259.54 after topping to a new all time high ($264.56) and remained stable a slightly good 0.29%. This week was the fourth green week in a row.

PSA shows a strong mid-term uptrend with several rising tops and rising bottoms. Since its last bottom late July, PSA climbed unceasignly breaking out to new all time highs. Since late March when SMA20w and SMA40w crossed up, PSA price gained $39.24 per share (17.81%). Late February PSA price bounced up over the SMA of 40 weeks that acted as support stopping new slides.

PSA stock chart (weekly)

PSA stock price history

PSA stock went public on November 18th, 1980 with a price of $2.191. Since then, PSA stock grew a 11,751.10%, with a yearly average of 309.20%. If you had invested right after PSA's IPO a $1,000 in PSA stock in 1980, it would worth $117,511.00 today.

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

PSA stock historical price chart

PSA stock reached all-time highs today with a price of $264.56.

PSA stock price target is $221.60

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We detected 7 price forecasts for Public Storage stock published in the last 30 days:
PSA stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
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)$151.70$221.6046.0%
The price forecast for Public Storage stock is $221.60, moving in a range between $254.00 and $201.00. In average, analysts' outlook on PSA price target is positive, improving the forecast by a 46.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, Public Storage presented its financial report, posting a good gain for the Earnings per Share (EPS). Analyst expected $2.79 per share, but 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

In 2018, Public Storage annual revenues inched a fine 3.21% to $2,754.28 million dollars from $2,668.53 marked in 2017. When comparing 2018 vs 2017, slightly better, 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 earnings 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 sales to same quarter last year, Public Storage sales marked a tiny gain and appreciated 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 invest in a company, it's worth to overview 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 following table shows ownership data compared to other related companies:

PSA
Market cap$45.3 B
Total shares174.5 M
Float shares148.8 M
  - Institutional holdings (%)82.5%
  - Insider holdings (%)14.7%
Shares in short selling0.0%

PSA summary

Friday, August 23rd, 2019
Open$262.15
Close$259.54
Day range$258.32 - $264.56
Previous close$261.89
Session gain-0.90%
Average true range$4.43
50d mov avg$247.75
100d mov avg$236.69
200d mov avg$220.77
Daily patternlt06a
Weekly pattern lb03c

Public Storage performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We compared Public Storage against in the following table:
Stock3m6m12m
PSA10.78%31.30%26.18%

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