PSA stock: buy or sell?
August 23rd, 2019
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:
|New all-time high||Yes|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-21||Robert W. Baird||Underperform||Neutral|
|2019-7-19||Bank of America||Neutral||Buy|
|2019-4-9||Jefferies Financial Group||Underperform||Hold|
PSA stock analysis
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.
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 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 $221.60Predicting 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-21||Robert W. Baird||Upgrades||$200.00||$254.00||27%|
|2019-4-9||Jefferies Financial Group||Upgrades||$181.00||$201.00||11%|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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%.
|2013||$1,980 M||-||$1,050 M53.0%||-|
|2014||$2,195 M||10.88%||$1,144 M52.1%||8.97%|
|2015||$2,382 M||8.49%||$1,311 M55.1%||14.60%|
|2016||$2,561 M||7.51%||$1,454 M56.8%||10.86%|
|2017||$2,669 M||4.22%||$1,442 M54.0%||-0.78%|
|2018||$2,754 M||3.21%||$1,711 M62.1%||18.64%|
Quarterly financial resultsPublic 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%.
|2017-Q2||$664 M||-||$353 M53.1%||-|
|2017-Q3||$686 M||3.32%||$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 M||2.33%||$404 M58.9%||17.73%|
|2018-Q3||$706 M||3.04%||$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 ownershipWhen 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:
|Market cap||$45.3 B|
|Total shares||174.5 M|
|Float shares||148.8 M|
|- Institutional holdings (%)||82.5%|
|- Insider holdings (%)||14.7%|
|Shares in short selling||0.0%|
|Friday, August 23rd, 2019|
|Day range||$258.32 - $264.56|
|Average true range||$4.43|
|50d mov avg||$247.75|
|100d mov avg||$236.69|
|200d mov avg||$220.77|
Public Storage performancePerformance 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:
Public Storage competitorsUnfortunately, 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
- InvestorPlaceThere’s a Reason Analysts Don’t Like Public StorageAugust 24, 2018