PSA - Public Storage
| Previous Close | 204.25 |
| Open | 204.25 |
| Bid | 205.10 x 1000 |
| Ask | 206.63 x 1100 |
| Day's Range | 203.02 - 205.71 |
| 52 Week Range | 193.89 - 266.76 |
| Volume | 1335756 |
| Avg. Volume | 985,936 |
| Market Cap | 36B |
| Beta (5Y Monthly) | 0.05 |
| PE Ratio (TTM) | 24.29 |
| EPS (TTM) | 8.46 |
| Earnings Date | Feb 24, 2020 - Feb 28, 2020 |
| Forward Dividend & Yield | 8.00 (3.92%) |
| Ex-Dividend Date | 2019-12-12 |
| 1y Target Est | 231.83 |
- Business Wire
Public Storage Announces Pricing of 4.75% Cumulative Preferred Shares of Beneficial Interest, Series K
Tom Boyle, Chief Financial Officer of Public Storage (NYSE:PSA, the "Company"), announced that the Company has priced a public offering of 8,000,000 depositary shares at $25.00 per depositary share, with each depositary share representing 1/1,000 of a 4.75% Cumulative Preferred Share of Beneficial Interest, Series K. The offering is expected to result in $200 million of gross proceeds (assuming no exercise of the underwriters’ overallotment option) and to close on or about December 20, 2019, subject to the satisfaction of customary closing conditions. The Company expects to use the net proceeds to make investments in self-storage facilities and in entities that own self-storage facilities, for the development of self-storage facilities and for general corporate purposes, including the redemption of its 5.875% Cumulative Preferred Shares, Series A.
- Zacks
Why Is Public Storage (PSA) Down 5% Since Last Earnings Report?
Public Storage (PSA) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- Business Wire
Public Storage Announces Redemption of All Outstanding Depositary Shares Representing Interests in its 5.875% Cumulative Preferred Shares, Series A
Public Storage announced today that it is calling for redemption all outstanding depositary shares representing interests in its 5.875% Cumulative Preferred Shares, Series A on December 30, 2019 at $25 per depositary share.
- Investopedia
Top Real Estate Stocks for December 2019
These are the real estate stocks with the best value, fastest growth, and most momentum for December.
- Simply Wall St.
What To Know Before Buying Public Storage (NYSE:PSA) For Its Dividend
Could Public Storage (NYSE:PSA) be an attractive dividend share to own for the long haul? Investors are often drawn to...
- Benzinga
Bank Of America Downgrades Public Storage On Limited Near-Term Catalysts
Public Storage (NYSE: PSA ) is facing elevated supply and marketing pressures, and there is limited earnings visibility heading into 2020, according to Bank of America. The Analyst BofA’s Jeffrey Spector ...
- Zacks
Expansion Efforts Aid Public Storage (PSA): Should You Hold?
Public Storage (PSA) is well poised to gain from its high brand value, favorable demographic changes and strategic acquisitions. However, rising supply remains a concern.
- Zacks
Top Research Reports for Disney, Wells Fargo & Vale
Top Research Reports for Disney, Wells Fargo & Vale
- Thomson Reuters StreetEvents
Edited Transcript of PSA earnings conference call or presentation 30-Oct-19 4:00pm GMT
Q3 2019 Public Storage Earnings Call
- Zacks
Lamar Advertising (LAMR) Stock Up on Q3 FFO & Revenues Beat
Lamar Advertising (LAMR) puts up a stellar show in Q3 registering FFO and top-line growth, backed by solid demand for out-of-home advertising.
- Business Wire
Public Storage Announces Pricing of 4.700% Cumulative Preferred Shares of Beneficial Interest, Series J
Tom Boyle, Chief Financial Officer of Public Storage , announced that the Company has priced a public offering of 9,000,000 depositary shares at $25.00 per depositary share, with each depositary share representing 1/1,000 of a 4.700% Cumulative Preferred Share of Beneficial Interest, Series J.
- Zacks
Rayonier's (RYN) Q3 Earnings Miss Estimates, Stock Down 8.3%
Rayonier's (RYN) Q3 results reflect adverse impact of turbulence in the export and domestic markets across its timber segments, as well as lower real estate operating income.
- Zacks
Public Storage (PSA) Q3 FFO Lags Estimates, Expenses Flare Up
Public Storage's (PSA) Q3 result reflects elevated expenses, though increased realized annual rent per occupied square foot, uptick in occupancy and gains from expansion moves aid its performance.
- Business Wire
Public Storage Announces Release of Quarterly Report for the Three and Nine Months Ended September 30, 2019
Public Storage announced today that its Form 10-Q for the three and nine months ended September 30, 2019 has been made available on the Investor Relations section of the Company’s website .
- Zacks
Public Storage (PSA) Lags Q3 FFO and Revenue Estimates
Public Storage (PSA) delivered FFO and revenue surprises of -0.36% and -0.48%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
- Business Wire
Public Storage Reports Results for the Three and Nine Months Ended September 30, 2019
Public Storage announced today operating results for the three and nine months ended September 30, 2019.
- Zacks
Public Storage Enters Oversold Territory
Public Storage has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.
- Zacks
What's in the Cards for Public Storage's (PSA) Q3 Earnings?
Public Storage's (PSA) Q3 performance will likely reflect healthy demand and benefits from its acquisition and expansion efforts, though supply has been rising in a number of the company's markets.
- InvestorPlace
7 Safe Stocks to Buy and Hold Through 2020
The winter holiday season is kicking into high gear now. With that in mind, it's time to start positioning your portfolio for 2020. It's a great time to cut loose some stocks that have stopped working and redeploy the capital elsewhere. Tax-loss selling in particular can make for a great time to jettison some old positions and pick up more promising stocks to buy going forward.And now, as 2019 winds to a close, it's time to start thinking about more defensive stocks. Over the past two months we've seen a clear rotation out of pure growth stocks into more value-oriented names. Particularly with the move in interest rates, investors will demand safe income-paying stocks to buy in 2020. Here's seven safe stocks that should be great buy-and-hold candidates for at least the next year. Stocks to Buy: Altria (MO)Source: Kristi Blokhin / Shutterstock.com Dividend Yield: 7.6%InvestorPlace - Stock Market News, Stock Advice & Trading TipsIt appears that the bottom may be in for the tobacco stocks. The sector has rallied sharply since I highlighted it recently. As these things tend to do, it appears the general media scare around vaping illnesses is starting to taper off. Additionally, more and more focus is going to the vaping of THC, often in illicit cartridges. Very few of the reported lung problems so far have been tied to Juul or other credible regulated nicotine suppliers.This doesn't mean Juul's problems will go away overnight. In the long run, however, I expect Altria (NYSE:MO) to make money on its vaping investment. That's in sharp contrast to the market, which has recently been pricing MO stock as if the company will need to write off the full investment entirely.As it is, Altria's existing cigarette sales along with cash flow from its stake in Anheuser-Busch (NYSE:BUD) is enough to cover the dividend. If and when Juul starts providing meaningful cash flow to Altria, it will support a higher share price and dividend -- but you don't need to justify the current $46 MO stock price and greater than 7% dividend yield. Over the long haul, tobacco companies have continued to make tremendous amounts of cash flow despite considerable regulatory intervention and downright hostile media coverage. * 10 Hot Pot Stocks to Buy Vaping worries will pass sooner or later; the desire to consume nicotine, however, isn't going anywhere. By the end of 2020, people that bought Altria when it was cheap will be enjoying their dividends with the vaping scare already long forgotten. Wells Fargo (WFC)Source: Ken Wolter / Shutterstock.com Dividend Yield: 4.1%It's almost unbelievable that Wells Fargo (NYSE:WFC) stock remains this much of a value. The company has announced all sorts of good news this year, but the share price hasn't gone anywhere yet.The company brought in a highly credible new CEO in the form of Charles Scharf, the former head of Bank of New York Mellon (NYSE:BK) and Visa (NYSE:V). Those are two of the largest and most reputable financial firms in the country. Wells Fargo's critics had slammed the company, saying management was untrustworthy and that the company couldn't attract a competent outsider CEO. The board proved them wrong and brought in a superstar new chief executive. Scharf's particular competence in financial technology matters will assist Wells Fargo greatly.WFC's earnings have also come in stronger than expected. People have been slamming the bank stocks all year. As interest rates have dropped, people are afraid of what will happen to banks' profit margins. Yet Wells Fargo's diversified business has continued to generate steady earnings despite the net interest margin headwind.That point, combined with the company's excess capital position, leads to the dividend. Since the 2008-2009 financial crisis, companies have stockpiled capital in response to regulatory demands. Capital levels reached historically extreme levels, in fact. Now the regulators are starting to loosen up a bit, and that is letting the banks put money back to work. Wells Fargo is doing so with both a double-digit dividend increase this year and a massive share buyback. Management intends to repurchase more than 10% of all outstanding WFC stock over the next year. With the company paying an over 4% dividend and providing a massive persistent bid under the share price with the buyback, Wells Fargo is a great safe stock holding for 2020. Johnson & Johnson (JNJ)Source: Alexander Tolstykh / Shutterstock.com Dividend Yield: 3%Johnson & Johnson (NYSE:JNJ) isn't the most exciting stock on this list by any means. But it is one of the safest. In fact, the company has been a bedrock of conservative portfolios for an entire century now. And nothing has changed. The company remains well-diversified with business operations spanning prescription drugs, consumer health and hygiene products, and medical devices.J&J runs as a decentralized firm, giving each unit independent management and operating authority. This creates a high level of resilience, as Johnson and Johnson has always been able to offset weakness from any one division or product with strength in others. Now, for example, the company is seeing weakness in consumer products but strength elsewhere has balanced it out.Why JNJ stock for 2020 in particular? Recently, the company has been dinged by lawsuits for both its involvement in the opioid crisis and various other matters. It just got hit with another scare this past week, as JNJ stock slumped on news of a baby powder recall. However, some folks tend to trade the headline and not think about the longer-term impact. Generally, J&J is able to get fines reduced greatly on appeal, and despite many decades of making sometimes controversial healthcare products, it has rarely gotten stung with true shareholder-value destroying liabilities. * 10 Stocks to Sell Before December's Meltdown With JNJ stock down 20% from its highs despite a strong rally in defensive stocks, there's a great argument for locking in the stock's rock-solid dividend for 2020, along with a potential run-up in the share price to $150 as lawsuit fears diminish. Dow (DOW)Source: JHVEPhoto / Shutterstock.com Dividend Yield: 5.9%Dow (NYSE:DOW) is not the safest company on this list. There's generally a trade-off between dividend yield and safety of said dividend. But at least through the end of 2020, Dow should be able to maintain its current dividend level, offering shareholders an almost 6% yield. And the stock price could appreciate nicely as current recession fears and worries about the chemical market recede.Simply put, Dow is a high-yield company that also faces significant potential trade war disruption. Throw in all the confusion around the recent spinoff, and investors don't quite know what to make of the new DOW stock. My take, at least through the end of 2020, is to look for a safe 6% dividend yield and the possibility of some nice share price upside if global economic sentiment improves.Already, we've seen some significant improvement on the economic front. Not only does data keep coming in reasonably strong, now the yield curve has reverted to normal. Remember everyone panicking over the yield curve inversion a few months ago? That's gone now. A company like Dow wins the most as the economic tide rises again. At 11 times forward earnings, DOW stock is a bargain too. Public Storage (PSA)Source: Ken Wolter / Shutterstock.com Dividend Yield: 3.3%Looking to park some money away for safekeeping at a higher interest rate than you'd get at the bank? Why not consider stowing it at Public Storage (NYSE:PSA)? Real estate investment trusts have been hard stocks to buy lately -- the sector has soared to new all-time highs as investors hunt for yield. This has made valuations extremely expensive for real estate stocks in general.Due to concerns about pricing and capacity in the self-storage space, REITs like Public Storage have trailed their peers to an extent. PSA stock is up nicely this year, but it's still well short of its all-time highs, at least for the time being. * 7 Beverage Stocks to Buy Now That could change in 2020 though. New self-storage site building has slowed down dramatically. Meanwhile, the industry remains fragmented with mom-and-pop operators holding a major portion of the business. This gives Public Storage the opportunity to keep using its industry-best balance sheet to pick up properties opportunistically and create additional growth. And at worst, PSA stock would tread water, safely kicking out its rock-solid dividend as Americans continue to store their belongings, regardless of the economic winds. Walgreens (WBA)Source: saaton / Shutterstock.com Dividend Yield: 3.3%Walgreens (NASDAQ:WBA) is having a bad year. And this bad year comes on top of a series of mediocre ones. Dating back to 2013, WBA stock has been merely flat during a raging bull market. Don't bet against Walgreens forever though. In fact, 2020 could be the rebound year for WBA stock.You may not know Walgreens as a safe conservative stock play. Historically, Walgreens has had a surging share price, and as a result, a relatively low dividend yield. Things have changed though. With the prolonged stagnation in the share price, Walgreens' dividend yield has now moved up to 3.3%.That's in large part because Walgreens' earnings continue to grow, and it pays a higher and higher dividend with every passing year. In fact, it's a dividend aristocrat stock with more than 25 years of consecutive dividend hikes.There are long-term concerns about the company's business model. Drug pricing is a question mark, and investors fear that Walgreens will earn lower profit margins on prescriptions in the future. Meanwhile, front-of-the-store sales of convenience goods such as soda and candy may be pressured due to the changing retail climate. Still, Walgreens has proved resilient over the decades and any sort of political clarity on drug pricing in 2020 as the election plays out could send WBA stock sharply higher. In the meantime, enjoy the stock's highest dividend yield in ages. Novo Nordisk (NVO)Source: joreks / Shutterstock.com Dividend Yield: 1.2%If you're a newer investor, you may not have heard of Novo Nordisk (NYSE:NVO). You've certainly heard about its products though. Novo is the world's leader in producing insulin and other therapies for diabetes. As the diabetes public health crisis continues to worsen both in the U.S. and abroad, Novo's importance in the global healthcare system increases with every passing year.Short of some massive dietary and lifestyle changes, it's hard to imagine a world in which the rate of diabetes declines significantly in coming years, given current demographic trends. This, in turn, will ensure that Novo Nordisk has much work to do.NVO stock is still down significantly from its all-time highs. There was a major concern about insulin pricing a couple years ago, and even with that largely resolved, shares aren't back to their peak -- yet. The company just picked up a huge regulatory approval, adding a specific catalyst to the company's already powerful demographic tailwinds. Novo pays a steadily rising dividend (as measured in its home currency, Danish Kroner) and should enjoy a significant share price increase in 2020 as well, making it a perfect growth and income opportunity in a defensive safe stock.At the time of this writing, Ian Bezek owned DOW, JNJ, MO, NVO, PSA, WBA and WFC stock. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 REITs With Big Dividend Raises Coming * 10 Hot Pot Stocks to Buy * 5 Hot Stocks That Have Gone Ice Cold The post 7 Safe Stocks to Buy and Hold Through 2020 appeared first on InvestorPlace.
- Zacks
Zacks.com featured highlights include: Mallinckrodt, Sony and Public Storage
Zacks.com featured highlights include: Mallinckrodt, Sony and Public Storage
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Top 3 ROE Stocks to Profit as Earnings Season Heats Up
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What's in the Offing for Kimco (KIM) This Earnings Season?
Kimco (KIM) Q3 results will reflect gains from portfolio-revamp moves amid solid job market and still resilient consumer spending, yet store closures and dispositions' dilutive impact might have hurt.
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Key Factors to Impact Essex Property's (ESS) Q3 Earnings
Essex Property's (ESS) Q3 performance will likely reflect benefits of favorable demographic trends, job-market growth and household formation in its markets despite supply issues in some markets.
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What's in Store for Equity Residential's (EQR) Q3 Earnings?
Equity Residential's (EQR) Q3 performance will likely reflect benefits from healthy rental housing demand that would support occupancy level, though high supply might have curbed its pricing power.
- Benzinga
UPS Enters The Self-Storage Market With A Different Twist
The $38 billion a year U.S. self-storage industry has a new player – UPS Inc. (NYSE: UPS). The transport and logistics giant unveiled on October 14 a service called "Storage on Demand," in which it will provide pick-ups and deliveries of stored goods without the customer being required to drop off or pick up the goods themselves. Under the service, UPS will deliver storage bins (see photo) for users to load their property.
