Public Storage
About: Public Storage is the largest owner of self-storage facilities in the US, with more than 3,300 self-storage facilities in 40 states and approximately 245 million square feet of rentable space. Through equity interests, it also has exposure to the European self-storage market through Shurgard Self Storage. The company also has a merchandise business, a third-party property management business, and an insurance business that offers products to cover losses for the goods in self-storage facilities.
Employees: 5,900
0
Funds holding %
of 7,321 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
37% more first-time investments, than exits
New positions opened: 118 | Existing positions closed: 86
29% more repeat investments, than reductions
Existing positions increased: 466 | Existing positions reduced: 361
1% more funds holding
Funds holding: 1,111 [Q4 2024] → 1,122 (+11) [Q1 2025]
4% less capital invested
Capital invested by funds: $42.8B [Q4 2024] → $41.1B (-$1.63B) [Q1 2025]
8% less call options, than puts
Call options by funds: $57.1M | Put options by funds: $62M
2.17% less ownership
Funds ownership: 80.73% [Q4 2024] → 78.56% (-2.17%) [Q1 2025]
6% less funds holding in top 10
Funds holding in top 10: 16 [Q4 2024] → 15 (-1) [Q1 2025]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$309
9%
upside
Avg. target
$335
18%
upside
High target
$380
34%
upside
7 analyst ratings
3 positive
43%
4 neutral
57%
0 negative
0%
BMO Capital Juan Sanabria | 15%upside $325 | Market Perform Downgraded | 20 Jun 2025 |
Mizuho Ravi Vaidya | 9%upside $309 | Neutral Maintained | 28 May 2025 |
Barclays Brendan Lynch | 24%upside $351 | Overweight Maintained | 16 May 2025 |
B of A Securities Jeffrey Spector | 34%upside $380 | Buy Maintained | 13 May 2025 |
Scotiabank Nicholas Yulico | 20%upside $340 | Sector Outperform Maintained | 12 May 2025 |
Financial journalist opinion
Based on 9 articles about PSA published over the past 30 days
Neutral
Zacks Investment Research
4 days ago
PSA, Ki Consortium Revises Bid for Abacus Storage King to A$1.65
PSA and Ki lift their bid for Abacus Storage King to A$1.65, advancing joint takeover talks with due diligence underway.
Positive
Seeking Alpha
4 days ago
Public Storage Vs. JPMorgan Chase Preferred Stock Spreads
PSA-J and JPM-J preferreds, issued simultaneously with similar yields, show a pricing misalignment favoring PSA-J for better credit quality and upside potential. Public Storage is less leveraged than JPMorgan, with both offering strong dividend coverage and 'Single-A' IDR, making PSA-J the safer pick. A pair trade—long PSA-J, short JPM-J—locks in a $1.70 spread with manageable shorting costs, capitalizing on mean reversion in pricing.
Neutral
Business Wire
4 days ago
Ki Corporation and Public Storage Update Offer to Acquire Abacus Storage King
GLENDALE, Calif.--(BUSINESS WIRE)--Ki Corporation and Public Storage (NYSE:PSA) (together, the “Consortium”) announced today a revised non-binding indicative offer (NBIO) to acquire Abacus Storage King (ASX:ASK) for cash consideration of A$1.65 per stapled security. The Consortium and Abacus Storage King have agreed to proceed with due diligence based on the revised terms. “We are excited to take the next step towards this potential combination with Abacus Storage King in partnership with Ki Co.
Neutral
Seeking Alpha
6 days ago
7 Stocks I'm Buying As Tariffs And Deportations Prowl Behind The Rally
Tariff risks are underappreciated by the market; persistently high tariffs could weigh on economic growth, and investor complacency is unwarranted. Slowing population growth and deportations threaten U.S. economic expansion, especially in labor-dependent sectors, as immigration is key to workforce and consumption growth. Utility-scale renewables remain resilient despite policy headwinds, with cost competitiveness and strong demand from major tech firms supporting continued growth.
Neutral
Business Wire
1 week ago
Public Storage to Release Second Quarter 2025 Earnings Results and Host Quarterly Conference Call
GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today it intends to release its second quarter 2025 earnings results after the market close on Wednesday, July 30, 2025. A conference call is scheduled for Thursday, July 31, 2025, at 9:00 a.m. (PT) to discuss these results. Live conference call Domestic dial-in number: (877) 407-9039 International dial-in number: (201) 689-8470 Webcast: Event Calendar Conference call replay Domestic dial-in number: (844) 512-2921 Intern.
Positive
Seeking Alpha
1 week ago
When It Comes To REIT Investing, Scale Has Its Advantages
Issuing new shares is not inherently dilutive for REITs; when used for accretive growth, it can enhance scale and shareholder value. AFFO per share growth and payout ratios are critical metrics for evaluating whether REITs are deploying capital effectively and sustainably. Public Storage, Equinix, and Prologis currently offer attractive value and growth prospects, supported by strong balance sheets and well-covered dividends.
Positive
Seeking Alpha
2 weeks ago
6 Dividend Stocks I'm Buying As The AI Bubble Inflates
Tariffs are directly fueling inflation, impacting both imported and domestic goods, and CFOs are increasingly concerned about the economic burden. Big Tech's momentum is driven by robust earnings growth, not just AI hype, so I don't see an AI bubble yet—valuations are rich but potentially justified. REITs are deeply out of favor despite improving fundamentals and attractive valuations; I see this as a long-term buying opportunity for quality names.
Neutral
Business Wire
3 weeks ago
Public Storage Prices Public Offering of Senior Notes
GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA, the “Company”) announced today that the Company's subsidiary, Public Storage Operating Company (“PSOC”), has priced a public offering of $875 million aggregate principal amount of senior notes (the “Notes”). The Notes will be guaranteed by the Company. The Notes will be issued in two tranches with a weighted average interest rate of approximately 4.661%. The first tranche of $475 million aggregate principal amount of fixed rate senior.
Positive
Seeking Alpha
3 weeks ago
5 Stocks I'm Buying As The Economy Slumps Toward Stagflation
The Fed held rates steady and now projects only two cuts this year, with slower GDP growth and higher inflation expected in 2025-2026. Tariffs remain a net economic negative, with most of their inflationary and growth-dampening effects still ahead of us. AI and Big Tech capital expenditures are driving resilient U.S. GDP growth, offsetting broader economic fragility and tariff headwinds.
Negative
Seeking Alpha
1 month ago
REITs: Unloved, Unwanted, Undervalued
REITweek, the annual REIT industry conference, was held last week in New York City. Humbled by frustratingly persistent interest rate headwinds and historic underperformance, the venue halls were again quiet.
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