PSA Public Storage

  • STOCK
  • PSA
  • Price as of: Dec 22, 11:56 AM EST
  • $186.17
  • +$1.22
  • +0.7%
  • Industry
  • Reit - industrial
Share

PSA Stock Dividend Data

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  • Dividend Yield
    3.01% Financial Average 4.19%
  • Annual Payout
    $5.60 Paid Quarterly
  • Payout Ratio
    69.9% EPS $8.01
  • Dividend Growth
    4 yrs Since 2010
  • Get PSA DARS™ Rating
DARS Rating™ Breakdown

Dividend.com DARS Rating™ Breakdown for PSA

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Metric PSA Rank PSA Avg Ranking Notes
Relative Strength Sign Up For Ticker Ranking Sign Up For Sector Ranking Stock is performing in-line with the market or better.
Overall Yield Attractiveness Sign Up For Ticker Ranking Sign Up For Sector Ranking Stock's dividend yield is adequate.
Dividend Reliability Sign Up For Ticker Ranking Sign Up For Sector Ranking This rating is related to the length and consistency of a company's dividend payouts, as well as our opinion on how likely the company is to continue payouts in the future.
Dividend Uptrend Sign Up For Ticker Ranking Sign Up For Sector Ranking Dividend payouts are consistent, but increases small.
Earnings Growth Sign Up For Ticker Ranking Sign Up For Sector Ranking Earnings estimates are uptrending.
DARS Rating Sign Up For Ticker Ranking Sign Up For Sector Ranking Sign Up For DARS Ratings
Growth History

PSA Dividend Growth History

Annualized Growth
1994-2012
Annualized Growth
1994-2004
Annualized Growth
2004-2008
Annualized Growth
2008-2012
Annualized Growth
Last 5 Yrs
Annualized Growth
Last 3 Yrs
Annual
Growth
2012
Consecutive
Years of
Increases
Reveal More Dividend Growth History for PSA 19.1% 17.0% 4 years
Reveal More Dividend Growth History for PSA
Historical Annual Dividend Data & Growth

PSA Historical Annual Dividend Data & Growth

Payout Amount Calendar Year Annual Growth
$5.1500 2013 17.0%
$4.4000 2012 20.5%
Historical Dividend Data

PSA Dividend History

Payout Amount Declared Date Ex-Dividend Date Record Date Pay Date ▼ Qualified Dividend? Payout Type Frequency
$1.4000 2014-10-30 2014-12-11 2014-12-15 2014-12-30 Non-Qualified Regular Quarter
$1.4000 2014-07-31 2014-09-11 2014-09-15 2014-09-30 Non-Qualified Regular Quarter
$1.4000 2014-05-01 2014-06-11 2014-06-13 2014-06-30 Non-Qualified Regular Quarter
$1.4000 2014-02-20 2014-03-12 2014-03-14 2014-03-31 Non-Qualified Regular Quarter
$1.4000 2013-10-31 2013-12-11 2013-12-13 2013-12-30 Non-Qualified Regular Quarter
$1.2500 2013-08-01 2013-09-11 2013-09-13 2013-09-30 Non-Qualified Regular Quarter
$1.2500 2013-05-09 2013-06-10 2013-06-12 2013-06-27 Non-Qualified Regular Quarter
$1.2500 2013-02-21 2013-03-11 2013-03-13 2013-03-28 Non-Qualified Regular Quarter
$1.1000 2012-11-08 2012-12-10 2012-12-12 2012-12-27 Non-Qualified Regular Quarter
$1.1000 2012-08-02 2012-09-10 2012-09-12 2012-09-27 Non-Qualified Regular Quarter
$1.1000 2012-05-03 2012-06-11 2012-06-13 2012-06-28 Non-Qualified Regular Quarter
$1.1000 2012-02-23 2012-03-12 2012-03-14 2012-03-29 Non-Qualified Regular Quarter
$0.9500 2011-11-03 2011-12-12 2011-12-14 2011-12-29 Non-Qualified Regular Quarter
$0.9500 2011-08-04 2011-09-12 2011-09-14 2011-09-29 Non-Qualified Regular Quarter
$0.9500 2011-05-05 2011-06-13 2011-06-15 2011-06-30 Non-Qualified Regular Quarter
$0.8000 2011-02-25 2011-03-11 2011-03-15 2011-03-31 Non-Qualified Regular Quarter
$0.8000 2010-11-04 2010-12-13 2010-12-15 2010-12-30 Non-Qualified Regular Quarter
$0.8000 2010-08-05 2010-09-13 2010-09-15 2010-09-30 Non-Qualified Regular Quarter
$0.8000 2010-05-06 2010-06-11 2010-06-15 2010-06-30 Non-Qualified Regular Quarter
$0.6500 2010-02-26 2010-03-11 2010-03-15 2010-03-31 Non-Qualified Regular Quarter
$0.5500 2009-11-05 2009-12-11 2009-12-15 2009-12-30 Non-Qualified Regular Quarter
$0.5500 2009-08-06 2009-09-11 2009-09-15 2009-09-30 Non-Qualified Regular Quarter
$0.5500 2009-05-07 2009-06-11 2009-06-15 2009-06-30 Non-Qualified Regular Quarter
$0.5500 2009-02-26 2009-03-12 2009-03-16 2009-03-31 Non-Qualified Regular Quarter
$0.5500 2008-11-06 2008-12-11 2008-12-15 2008-12-30 Non-Qualified Regular Quarter
$0.6000 2008-11-06 2008-12-11 2008-12-15 2008-12-30 Non-Qualified Special N/A
$0.5500 2008-08-07 2008-09-11 2008-09-15 2008-09-30 Non-Qualified Regular Quarter
$0.5500 2008-05-08 2008-06-11 2008-06-13 2008-06-30 Non-Qualified Regular Quarter
$0.5500 2008-02-27 2008-03-12 2008-03-14 2008-03-31 Non-Qualified Regular Quarter
$0.5000 2007-11-02 2007-12-11 2007-12-13 2007-12-28 Non-Qualified Regular Quarter
$0.5000 2007-08-02 2007-09-10 2007-09-12 2007-09-27 Non-Qualified Regular Quarter
$0.5000 2007-05-04 2007-06-13 2007-06-15 2007-06-28 Non-Qualified Regular Quarter
$0.5000 2007-02-26 2007-03-13 2007-03-15 2007-03-29 Non-Qualified Regular Quarter
$0.5000 2006-11-06 2006-12-13 2006-12-15 2006-12-28 Non-Qualified Regular Quarter
$0.5000 2006-08-02 2006-09-13 2006-09-15 2006-09-28 Non-Qualified Regular Quarter
$0.5000 2006-05-03 2006-05-31 2006-06-02 2006-06-29 Non-Qualified Regular Quarter
$0.5000 2006-02-23 2006-03-13 2006-03-15 2006-03-30 Non-Qualified Regular Quarter
$0.5000 2005-10-31 2005-12-13 2005-12-15 2005-12-29 Non-Qualified Regular Quarter
$0.5000 2005-08-05 2005-09-13 2005-09-15 2005-09-29 Non-Qualified Regular Quarter
$0.4500 2005-05-05 2005-06-13 2005-06-15 2005-06-30 Non-Qualified Regular Quarter
$0.4500 2005-03-03 2005-03-11 2005-03-15 2005-03-31 Non-Qualified Regular Quarter
$0.4500 2004-11-04 2004-12-13 2004-12-15 2004-12-31 Non-Qualified Regular Quarter
$0.4500 2004-09-13 2004-09-15 2004-09-30 Non-Qualified Regular Quarter
$0.4500 2004-05-12 2004-06-14 2004-06-15 2004-06-30 Non-Qualified Regular Quarter
$0.4500 2004-03-11 2004-03-15 2004-03-31 Non-Qualified Regular Quarter
$0.4500 2003-11-06 2003-12-11 2003-12-15 2003-12-31 Non-Qualified Regular Quarter
$0.4500 2003-08-05 2003-09-11 2003-09-15 2003-09-30 Non-Qualified Regular Quarter
$0.4500 2003-05-08 2003-06-12 2003-06-16 2003-06-30 Non-Qualified Regular Quarter
$0.4500 2003-03-04 2003-03-12 2003-03-14 2003-03-31 Non-Qualified Regular Quarter
$0.4500 2002-11-07 2002-12-11 2002-12-13 2002-12-31 Unknown Regular Quarter
$0.4500 2002-08-08 2002-09-11 2002-09-13 2002-09-30 Unknown Regular Quarter
$0.4500 2002-05-09 2002-06-12 2002-06-14 2002-06-28 Unknown Regular Quarter
$0.4500 2002-03-04 2002-03-13 2002-03-15 2002-03-29 Unknown Regular Quarter
$0.4500 2001-11-08 2001-12-12 2001-12-14 2001-12-31 Unknown Regular Quarter
$0.4500 2001-08-09 2001-09-17 2001-09-14 2001-09-28 Unknown Regular Quarter
$0.3500 2001-08-09 2001-09-17 2001-09-14 2001-09-28 Unknown Special N/A
$0.2200 2001-05-10 2001-06-13 2001-06-15 2001-06-29 Unknown Regular Quarter
$0.2200 2001-03-05 2001-03-13 2001-03-15 2001-03-30 Unknown Regular Quarter
$0.2200 2000-11-02 2000-12-13 2000-12-15 2000-12-29 Unknown Regular Quarter
$0.6000 2000-08-30 2000-09-13 2000-09-15 2000-09-29 Unknown Special N/A
$0.2200 2000-08-03 2000-09-13 2000-09-15 2000-09-29 Unknown Regular Quarter
$0.2200 2000-05-02 2000-06-13 2000-06-15 2000-06-30 Unknown Regular Quarter
$0.2200 2000-03-03 2000-03-13 2000-03-15 2000-03-31 Unknown Regular Quarter
$0.0000 1999-11-04 1999-11-10 1999-11-15 2000-01-14 Unknown Special N/A
$0.2200 1999-11-04 1999-12-13 1999-12-15 1999-12-31 Unknown Regular Quarter
$0.2200 1999-08-05 1999-09-13 1999-09-15 1999-09-30 Unknown Regular Quarter
$0.2200 1999-05-06 1999-06-11 1999-06-15 1999-06-30 Unknown Regular Quarter
$0.2200 1999-03-05 1999-03-11 1999-03-15 1999-03-31 Unknown Regular Quarter
$0.2200 1998-11-06 1998-12-07 1998-12-09 1998-12-31 Unknown Regular Quarter
$0.2200 1998-08-06 1998-09-09 1998-09-11 1998-09-30 Unknown Regular Quarter
$0.2200 1998-06-03 1998-06-11 1998-06-15 1998-06-30 Unknown Regular Quarter
$0.2200 1998-03-03 1998-03-12 1998-03-16 1998-03-31 Unknown Regular Quarter
$0.2200 1997-11-11 1997-12-11 1997-12-15 1997-12-31 Unknown Regular Quarter
$0.2200 1997-08-13 1997-09-11 1997-09-15 1997-09-30 Unknown Regular Quarter
$0.2200 1997-05-14 1997-06-12 1997-06-16 1997-06-30 Unknown Regular Quarter
$0.2200 1997-02-26 1997-03-12 1997-03-14 1997-03-31 Unknown Regular Quarter
$0.2200 1996-12-05 1996-12-11 1996-12-13 1996-12-27 Unknown Regular Quarter
$0.2200 1996-08-29 1996-09-11 1996-09-13 1996-09-27 Unknown Regular Quarter
$0.2200 1996-06-06 1996-06-12 1996-06-14 1996-06-28 Unknown Regular Quarter
$0.2200 1996-02-29 1996-03-13 1996-03-15 1996-03-31 Unknown Regular Quarter
$0.2200 1995-11-13 1995-12-13 1995-12-15 1995-12-29 Unknown Regular Quarter
$0.2200 1995-08-09 1995-09-13 1995-09-15 1995-09-30 Unknown Regular Quarter
$0.2200 1995-05-09 1995-06-13 1995-06-15 1995-06-30 Unknown Regular Quarter
$0.2200 1995-02-01 1995-02-17 1995-02-24 1995-03-31 Unknown Regular Quarter
$0.2200 1994-10-20 1994-12-09 1994-12-15 1994-12-31 Unknown Regular Quarter
$0.2100 1994-08-10 1994-09-09 1994-09-15 1994-09-30 Unknown Regular Quarter
$0.2100 1994-05-11 1994-06-09 1994-06-15 1994-06-30 Unknown Regular Quarter
$0.2100 1994-03-04 1994-03-09 1994-03-15 1994-03-31 Unknown Regular Quarter
$0.2100 1993-11-10 1993-12-09 1993-12-15 1993-12-31 Unknown Regular Quarter
$0.2100 1993-08-13 1993-09-09 1993-09-15 1993-09-30 Unknown Regular Quarter
$0.2100 1993-05-13 1993-06-09 1993-06-15 1993-06-30 Unknown Regular Quarter
$0.2100 1993-03-03 1993-03-09 1993-03-15 1993-03-31 Unknown Regular Quarter
Company Profile

PSA Company Profile

Exchange: NYSE
Sector: Financial
Industry: REIT - Industrial

Public Storage (PSA) is a real estate investment trust (REIT) that owns and operates self-storage facilities in the United States and Europe. The company operates in three segments: Domestic Self-Storage segment, Europe Self-Storage segment, and Commercial. Public Storage was founded in 1972 and is based in Glendale, California.

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News

Public Storage News

  • Public Storage Posts Higher Net Income; Beats Earnings Estimates; Raises Dividend (PSA)

    Public Storage (PSA) announced its third quarter earnings after the bell on Thursday, posting an increase in net income and revenues. PSA Earnings in Brief -Public Storage announced total quarterly revenues of $419 million, which were up from last year's $397 million, but below the average analyst estimate of $464.58 million. -The company's net income came in at $231.4 million, or $1.34 per share, which was up from last year's Q3 net income of $202.5 million, or $1.18 per share. -PSA's core FFO per share was up from last year's $1.76 to $1.92 for the most recent quarter; this beat analysts' estimates of $1.89. Dividend Raise Public Storage announced that its board has approved to raise its dividend 12% to $1.40 per common share. This is a 15 cent raise from the company's previous quarterly payout of $1.25 and brings the annualized payout to $5.60. The new dividend is payable on December 30 to all shareholders on record as of December 13. Share Performance PSA stock was down 66 cents, or 0.39%, on the day, but was up steeply in after-hours trading. YTD, the company's stock is up 14.74%.  

    The Bottom Line

    Shares of Public Storage (PSA) have a yield of 3.35% based on Thursday's closing price of $166.97. Public Storage (PSA)  is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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  • Public Storage Price Target Lowered by Jefferies (PSA)

    Jefferies reported on Thursday that it was maintaining a "Hold" rating on the California-based self-storage REIT, Public Storage (PSA) , but went on to lower its price target for the company.Omotayo Okusanya, an analyst with the firm, cited that because the company's portfolio of storage locations was virtually full, there was limited growth potential. Furthermore, Okusanya went on to comment about how Public Storage will have a hard time growing earnings even via acquisitions given its current size. As such, Jefferies reiterated a "Hold" rating on the stock and lowered its price target from $165 to $160 a share. Public Storage shares inched lower on Thursday, shedding .85% on the day. The stock is up over 4.4% YTD. The Bottom Line Shares of Public Storage (PSA) are yielding 3.31% based on Thursday's closing price of $151.26. Public Storage (PSA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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  • UBS Upgrades Public Storage to "Neutral" But Still Sees Downside (PSA)

    On Tuesday, UBS analyst upgraded Public Storage (PSA) , as the self-storage facility operator has occupancy upside, pricing power, and an improving environment. The analysts upgraded PSA from "Sell" to "Neutral" and see shares reaching $159. Despite the upgrade, this price target still suggests a slight downside to the stock's Monday closing price of $161.88. Public Storage shares were inactive during pre-market trading on Tuesday. The stock is up 11.67% year-to-date. The Bottom Line Shares of Public Storage (PSA) offer a dividend yield of 3.09% based on last night's closing price of $161.88 and the company's annualized dividend payout of $5.00 per share. Public Storage (PSA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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  • These were some of the biggest dividend stock performers on the upside and the downside in today's market action. Highlights Procter & Gamble...
  • Public Storage Q1 FFO Rises, But Misses Estimates (PSA)

    After the close on Thursday, storage facility operator Public Storage (PSA) reported a rise in its first quarter funds from operations and revenue. Though revenue beat analysts' expectations, FFO came up short of views. The Glendale, California-based company said its first quarter funds from operations (FFO) rose to $270.8 million, or $1.57 per share, up from the $230.8 million, or $1.35 per share, earned in the same period last year. According to analysts polled by Thomson Reuters, Public Storage was expected to see FFO of $1.62 per share in the first quarter. Funds from operations is an earnings metric used by real estate investment trusts that takes into account depreciation and amortization and discounts gains from the sale of property. The company's first quarter net income rose to $161.9 million, or 94 cents per share, versus last year's net income of $125.3 million, or 73 cents per share. Total operating revenue for the quarter rose 7% to $470.90 from $439.84 million a year ago. Analysts were expecting revenue of $429.43 million for the quarter. Also announced on Thursday, Public Storage's Board of Trustees declared its quarterly dividend of $1.25 per common share. The dividend will be paid on June 27 with an ex-dividend date of June 10. Public Storage shares were inactive during pre-market trading on Friday. The stock is up +13.56% year-to-date. The Bottom Line Shares of Public Storage (PSA) have a dividend yield of 3.04% based on last night's closing price of $164.62 and the company's annualized dividend payout of $5.00 per share. Public Storage (PSA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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  • JP Morgan Raises Price Target on Public Storage (PSA)

    JP Morgan reported on Wednesday that it has increased its price target on real estate investment trust (REIT), Public Storage(PSA) . The firm has reiterated a "Overweight" rating, and has raised its price target from $157 to $164. This price target suggests a 6% increase from the stock's current price of $153.98. An analyst from the firm noted, "after 4Q earnings and yesterday's preferred stock issuance, we are increasing our 2013 FFO/share estimate $0.04 to $7.25 and our 2014 FFO/share estimate $0.05 to $7.71 based on updated investment guidance. … We rate shares of PSA Overweight, largely based on its balance sheet strength, acquisition potential, and the property type's leverage to an economic rebound." Public Storage shares were mostly flat during premarket trading Wednesday. The stock has increased 15% in the past year. The Bottom Line Shares of Public Storage(PSA) have a 3.25% yield, based on Tuesday's closing price of $153.98. Public Storage(PSA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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  • The following companies announced a change in their dividend payouts today. Companies Increasing Dividend Payouts Abercrombie & Fitch (ANF) ...
  • Public Storage Upgraded to "Buy" at Cantor Fitzgerald; Says Pullback Creates Buying Opportunity (PSA)

    Self-storage REIT Public Storage (PSA) on Tuesday caught a big upgrade from analysts at Cantor Fitzgerald. The firm boosted its rating on PSA from "Hold" to "Buy" and lifted its price target from $143.50 to $160.00. That new target suggests a 12% upside to the stock's Monday closing price of $142.52. A Cantor Fitzgerald analyst commented, "Relative YTD underperformance has provided a rare opportunity to accumulate shares of PSA at a modest premium to NAV. The Co's. high occupancy level should facilitate ever-stronger pricing power that should lead to above-average core NOI growth." Accordingly, the firm also lifted its earnings estimates for the company through 2013. Public Storage shares were mostly flat in premarket trading Tuesday. The Bottom Line Shares of Public Storage (PSA) have a 3.09% dividend yield, based on last night's closing stock price of $142.52. The stock has technical support in the $135-$137 price area. If the shares can firm up, we see overhead resistance around the $145-$147 price levels. Public Storage (PSA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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  • JP Morgan Raises Target, Estimates for Public Storage; Well-Positioned for Economic Rebound (PSA)

    Self-storage REIT Public Storage (PSA) on Friday caught some continued bullish commentary from analysts at JP Morgan. The firm reiterated its "Overweight" rating on PSA and lifted its price target from $154 to $157. That new target suggests a 9% upside to the stock's Wednesday closing price of $144.29. A JP Morgan analyst commented, "We rate shares of PSA Overweight, largely based on its balance sheet strength, acquisition potential, and the property type's leverage to an economic rebound." Continuing, "We are updating our model and estimates post 3Q earnings. We are increasing our 2012 'core' FFO from $6.54 to $6.61. Also note that our reported 2012 FFO estimate is $6.19. In addition, we are increasing our 2013 'core' FFO from $7.05 to $7.19. Finally, we are introducing our 2014 'core' FFO estimate of $7.62." Public Storage shares were unchanged in premarket trading Friday. The stock has risen about 7% since the start of 2012. The Bottom Line Shares of Public Storage (PSA) have a 3.05% dividend yield, based on Wednesday's closing stock price of $144.29. The stock has technical support in the $135 price area. The stock is not trading far off its all-time high range of $145-$150 a share. Public Storage (PSA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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  • Imperial Capital Boosts Public Storage's Price Target; Maintains "In-Line" Rating (PSA)

    On Monday analysts at Imperial Capital raised the price target for real estate investment trust Public Storage (PSA) as the analysts say its growth is not affected by a struggling economy. The firm reaffirmed the "In-Line" rating for PSA, but raised the price target from $140 to $144. The new target is a -1.2% downside from Friday's closing price of $145.70. Imperial Capital analyst David Harris noted that it seems that demand for storage space is not affected but the economy, but by certain life events such as divorce or attending college. "Many investors regard PSA as an attractive investment that combines defensive and growth characteristics," said Harris. He also noted, "PSA's balance sheet has virtually no debt but rather low coupon preferred shares with little refinancing risk. Moreover, PSA has more than doubled its common dividend since 2008 and seems likely to increase its pay-out at a faster pace than average over the next few years at least." Public Storage shares were down 77 cents, or -0.53%, in morning trading on Monday. The Bottom Line Shares of Public Storage (PSA) have a 3.02% dividend yield, based on Friday's closing stock price of $145.70. The stock has technical support in the $135 price area. The stock is not trading far off its all-time high range of $145-$150 a share. Public Storage (PSA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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