PSA - Public Storage
| Previous Close | 216.69 |
| Open | 217.02 |
| Bid | 217.58 x 1000 |
| Ask | 217.47 x 900 |
| Day's Range | 216.00 - 218.44 |
| 52 Week Range | 192.02 - 234.90 |
| Volume | 852,538 |
| Avg. Volume | 913,437 |
| Market Cap | 37.967B |
| Beta (3Y Monthly) | 0.14 |
| PE Ratio (TTM) | 25.46 |
| EPS (TTM) | 8.54 |
| Earnings Date | May 1, 2019 |
| Forward Dividend & Yield | 8.00 (3.67%) |
| Ex-Dividend Date | 2019-03-12 |
| 1y Target Est | 202.92 |
- Zacks•yesterday
What's in the Offing for AvalonBay (AVB) This Earnings?
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- Zacks•yesterday
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- Zacks•yesterday
Key Factors to Impact Essex Property's (ESS) Q1 Earnings
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- InvestorPlace•3 days ago
5 Wonderful REITs to Buy Today
After an abysmal 2018, real estate investment trusts (REITs) have been on a roll this year. After pulling one of the worst performances since the Great Recession, REITs have surged by double digits in 2019 as investors have flocked back to the sector. And there's plenty of reasons why.For starters, the Federal Reserve and its dovishness have provided a base for the sector. As a high-yielding security type, REITs generally take it on the chin when the Fed raises benchmark interest rates. But with Powell & Company pausing, investors can own the REITs' better-than-average dividend yields much more safely.Secondly, that pause in rates makes it much cheaper for real estate firms to take out mortgages and loans to buy/build properties.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMeanwhile, the still-growing economy has continued to strengthen a variety of real estate sectors, including office, industrial and even retail properties. With better cash flows and rent growth, the REITs have been stellar this year. And it looks like they can keep the party going. * 7 Stocks That Can Outperform for Years While we probably won't see continued double-digit jumps throughout the rest of 2019, the combination of high dividends and some decent capital appreciation will still make owning REITs a highly desirable prospect in the quarters ahead. With that, here are five of the best REITs to buy today. Best REITs to Buy: Public Storage (PSA)Source: Mike Mozart Via FlickrDividend Yield: 3.7%Despite owning a decent sized house and a shed, every weekend I see my neighbors zoom off and back to exchange items at their storage facility. And I know they aren't alone. Americans have too much stuff, and Public Storage (NYSE:PSA) is helping solve the problem of where to keep it all.PSA is the world's largest owner and operator of self-storage facilities. The firm owns more than 2,500 locations across the United States with more than 170 million square feet of rentable space. And it turns out, Americans need that space.Since the recession, PSA has benefited from the trend of downsizing and the rise of apartment dwelling. People still need space to store holiday decorations, special items, and even clothes. Here, thanks to its massive footprint, Public Storage has been able to capitalize on America's needs. Occupancy rates for its facilities topped 90% during the last reported quarter.Perhaps the best part is, that thanks to its low cost of maintenance, building and operating expenses, PSA is able to pull in plenty of cash flows from its properties. Funds from operations -- which determine dividends -- rose more than 7.7% overall of 2018. This has allowed PSA to pay a very juicy 3.7% dividend.With continued rent hikes and demand, PSA should be able to keep the dividends coming. And that makes it a strong choice among REITs. Blackstone Mortgage Trust Inc (BXMT) Source: Shutterstock Dividend Yield: 7.1%With the Fed pausing on its rate of hikes, Blackstone Mortgage Trust (NASDAQ:BXMT) could be a rewarding, high-yielding play. BXMT is considered a mortgage REIT. That is, the firm doesn't own physical properties but invests in mortgages or loans tied to buildings. Since these paper REITs often use leverage and don't physically own the buildings, they are sometimes considered riskier than then equity REIT sisters. As a result, you get a higher yield.In this case, BXMT is paying out more than 7.1%.However, that high yield does mask some "safety" with BXMT. For starters, with the Fed pausing, it takes the pressure off of Blackstone's ability to use leverage. But secondly, the REIT's portfolio of loans is top notch. Using its expertise from parent Blackstone Group (NYSE:BX), BXMT's portfolio focuses on senior -- read: first in line during bankruptcy -- loans. The amazing thing is that 100% of its portfolio is performing and paying their interest back on time. As if it couldn't get any better, 96% of its portfolio is floating rate and will adjust higher if the Fed raises benchmarks again. This strength is a rarity among the mREITs. * 7 Mid-Cap Stocks to Find the Market's Sweet Spot This focus on quality and cash flows has allowed BXMT to cover its dividend by more than 117%. With more firepower in its reserves and BX's backing, BXMT makes a very compelling high-yield REIT to add to any portfolio. Host Hotels and Resorts Inc (HST)Source: Shutterstock Dividend Yield: 4.2%With the economy growing, travel and leisure have come back in a big way. That seems to benefit the hotel REITs. And the king of them all is Host Hotels and Resorts (NYSE:HST).Host owns 93 properties with around 52,000 rooms. The vast bulk of these are luxury and upper upscale resort, large convention center, and city center hotel. Or as HST likes to call them "Iconic Assets That Cannot Be Replicated." These aren't your local Holiday Inn Express. This has benefited Host is a variety of ways.For one thing, its revenue per available room (RevPAR) is very high and averaged $272 per room for its total portfolio last quarter. It's top 40 assets pulled in over $360 per room. This is extremely high, as luxury resort seekers don't usually skimp on the extras. Even better is that hotel REITs are able to adjust their rent rates daily to reflect demand. With travel rising, Host has been able to score higher rates and in turn, higher RevPAR figures.That's important because all of that drives dividends. After cutting its dividend to a penny back during the recession, Host has been able to grow its payout by 1,900% as well as pay a few special dividends and grow its cash hoard to over $1.5 billion.All in all, when it comes to REITs, Host Hotels has the right mix of properties to drive future returns. Equity Residential (EQR)Source: Equity Residential Dividend Yield: 3%When it comes to real estate, the old adage still rings true. It really is about "location, location and location." And apartment REIT Equity Residential (NYSE:EQR) has managed to turn its locations into gold mines.Founded by real estate guru Sam Zell, EQR is a powerhouse in the apartment sector with more than 300 different communities and 79,000 apartment units. The key is that these buildings are located in six core markets of Boston, New York, D.C., Seattle, San Francisco, and Southern California. These six markets all feature high home prices, low supplies of rental units and strong younger demographics -- all things that are very conducive to apartments. As a result, EQR's properties are at a high 96%-plus occupancy rate.That operating area and high demand allow it to steadily increase rates at above-average levels. * 7 AI Stocks to Watch with Strong Long-Term Narratives With these prime assets and rent growth, EQR has been a dividend machine. The firm has grown its dividend since 2010 at a nearly 5% annual growth rate (CAGR). It recently upped its payout again at the start of this year. Meanwhile, EQR has paid plenty in special dividends as well.In the end, location is what drives REIT success, and EQR has it in spades. SL Green Realty Corp. (SLG)Source: Shutterstock Dividend Yield: 3.9%As the saying goes, If you can make it in New York, you can make it anywhere. New York-based REIT SL Green Realty (NYSE:SLG) is proof of that.SLG is the largest owner of office properties in New York City. The firm owns more than 101 different buildings in Manhattan, including some of the priciest digs and sought-after office spaces. Additionally, the REIT holds plenty of office and retail space in Brooklyn, Westchester and neighboring Connecticut and New Jersey. All in all, SLG's portfolio features some of the most irreplaceable buildings in the entire city.As such, the REIT is able to charge some pretty hefty rents for its properties while still enjoying high occupancy rates. New York City rents have stayed pretty stable since the end of the recession.Meanwhile, SLG has been smartly selling off smaller assets and many of its suburban properties to provide capital for its rich development pipeline. This includes several show-stopper buildings that have already been leased to near-capacity. Ultimately, recycling this capital makes sense and SLG should enjoy higher rents/occupancy rates when its construction is online.As they wait, investors in SLG stock can enjoy its 3.9% dividend that has slowly grown over the years.At the time of writing, Aaron Levitt did not hold a position in any of the REITs mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post 5 Wonderful REITs to Buy Today appeared first on InvestorPlace.
- Zacks•4 days ago
Key Factors to Impact Prologis' (PLD) Earnings This Season
Prologis' (PLD) Q1 results likely to reflect solid fundamentals of industrial real estate market, backed by healthy economy and strengthening e-commerce market, though supply is also rising.
- Simply Wall St.•8 days ago
Should You Be Excited About Public Storage's (NYSE:PSA) 19% Return On Equity?
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Equity (ROE). By way of learning-by-doing, we'll look at ROE...
- Business Wire•9 days ago
Public Storage Prices Public Offering of Senior Notes
Tom Boyle, Senior Vice President and Chief Financial Officer of Public Storage , announced today that the Company has priced a public offering of $500 million aggregate principal amount of Senior Notes due 2029 .
- Business Wire•17 days ago
Public Storage to Release First Quarter 2019 Earnings Results and Host Quarterly Conference Call
Public Storage announced today it intends to release its first quarter 2019 earnings results on Wednesday, May 1, 2019. A conference call is scheduled for Thursday, May 2, 2019, at 10:00 a.m.
GuruFocus.com•18 days agoPublic Storage: A Great Store of Value
You guessed it: Public Storage (PSA). Public Storage is a real estate investment trust (REIT) and the largest owner and operator of self-storage facilities in the U.S. Public Storage owns and operates about 2,336 self-storage facilities located in 38 states within the U.S. It also owns one self-storage facility in London, England which is managed by Shurgard Europe. In total, Public Storage estimates that it owns, directly or indirectly, about 154 million square feet of rentable storage space in the U.S.
- Insider Monkey•22 days ago
Were Hedge Funds Right About Souring OnPublic Storage (PSA)?
How do you pick the next stock to invest in? One way would be to spend hours of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
- Zacks•22 days ago
Public Storage (PSA) Up 4.6% Since Last Earnings Report: Can It Continue?
Public Storage (PSA) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Investopedia•24 days ago
3 Charts That Suggest Real Estate Is Headed Higher
A bullish chart pattern on a popular ETF used for trading the sector suggests that now could be the ideal time to buy.
- Zacks•last month
Expansion Efforts Aid Public Storage (PSA): Should You Hold?
Public Storage (PSA) poised to gain from its high brand value, favorable demographic changes and strategic acquisitions. However, rising supply remains a concern.
- Zacks•last month
Top Research Reports for Merck, Adobe & Broadcom
Top Research Reports for Merck, Adobe & Broadcom
- Markit•last month
See what the IHS Markit Score report has to say about Public Storage.
Public Storage NYSE:PSAView full report here! Summary * Bearish sentiment is low and declining * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for PSA with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting PSA. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold PSA had net inflows of $5.74 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- Simply Wall St.•last month
Public Storage (NYSE:PSA) Shareholders Booked A 30% Gain In The Last Five Years
When you buy and hold a stock for the long term, you definitely want it to provide a positive return. Furthermore, you'd generally like to see the share price riseRead More...
- Motley Fool•last month
3 Top Stocks With High Dividend Yields
Buying for a big payout can be rewarding, if the stocks are chosen carefully.
- GlobeNewswire•last month
New Research Coverage Highlights Callaway Golf, General Electric, Ares Management, Main Street Capital, Public Storage, and Viavi Solutions — Consolidated Revenues, Company Growth, and Expectations for 2019
NEW YORK, March 06, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
- Thomson Reuters StreetEvents•2 months ago
Edited Transcript of PSA earnings conference call or presentation 27-Feb-19 6:00pm GMT
Q4 2018 Public Storage Earnings Call
- Business Wire•2 months ago
Public Storage to Participate in the Citi 2019 Global Property CEO Conference
Public Storage announced today that the Company will participate in a roundtable discussion in the Citi 2019 Global Property CEO Conference to be held at The Diplomat Resort & Spa in Hollywood, Florida, on Tuesday, March 5, 2019, beginning at 2:55 p.m.
- Business Wire•2 months ago
Public Storage Announces Pricing of 5.60% Cumulative Preferred Shares of Beneficial Interest, Series H
Tom Boyle, Chief Financial Officer of Public Storage , announced that the Company has priced a public offering of 11,400,000 depositary shares at $25.00 per depositary share, with each depositary share representing 1/1,000 of a 5.60% Cumulative Preferred Share of Beneficial Interest, Series H.
- Zacks•2 months ago
Public Storage (PSA) Q4 FFO and Revenues Grow Y/Y
Higher realized annual rent per occupied square foot aid Public Storage's (PSA) same-store performance in Q4. Additionally, the company's expansion efforts drive its performance.
- Business Wire•2 months ago
Public Storage Reports Results for the Fourth Quarter and Year Ended December 31, 2018
Public Storage announced today operating results for the quarter and year ended December 31, 2018.
- Business Wire•2 months ago
Public Storage Announces Redemption of All Outstanding Depositary Shares Representing Interests in its 6.375% Cumulative Preferred Shares, Series Y
Public Storage announced today that it is calling for redemption all outstanding depositary shares representing interests in its 6.375% Cumulative Preferred Shares, Series Y on March 28, 2019 at $25 per depositary share.
- Zacks•2 months ago
What's in Store for Public Storage's (PSA) Q4 Earnings?
Public Storage's (PSA) Q4 performance will likely reflect solid demand and benefits from its acquisition and expansion efforts, though supply has been rising in a number of its markets.
