Public Storage Stock Symbol: Is PSA a Wonderful REIT at a Fair Price

Public Storage stock symbol is PSA, and it's a well-established name in the real estate investment trust (REIT) industry.

PSA has a long history of steady growth, with a dividend yield of around 4%.

One of the key factors contributing to Public Storage's success is its vast network of self-storage facilities.

With over 2,300 locations across the United States, Public Storage has a significant presence in the market.

The company's financials are also impressive, with a strong track record of generating cash flow and paying consistent dividends to shareholders.

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Public Storage's financial performance in 2023 saw a revenue increase of 7.21% to $4.55 billion.

Their earnings, however, took a hit with a decrease of -52.95% to $1.95 billion. This significant drop in earnings is a notable aspect of their financial performance.

Public Storage's share price has experienced some volatility, with a 1 month change of -11.76% and a 3 month change of -14.13%.

Public Storage's price volatility is an interesting aspect of their financial performance. The company's average weekly movement of 3.6% is actually lower than the industry average of 3.3% for Specialized REITs.

To put this into perspective, the market average movement is a whopping 6.3%, so Public Storage's price is relatively stable compared to the broader market.

Here's a comparison of Public Storage's price volatility to the industry and market averages:

This data suggests that Public Storage's price has been relatively stable over the past year, with a weekly volatility of 4% that has remained consistent.

Public Storage's fair value is estimated to be $346.00 per share, based on the consensus of 16 analysts, which represents a 16.66% upside.

This estimate suggests that the current market price of $296.58 is undervalued compared to the estimated fair value.

According to the analysts' consensus, Public Storage has a significant potential for growth, which is reflected in the estimated fair value.

Here's a summary of the analysts' estimates in a table:

The estimated fair value of $346.00 per share is a significant increase from the current market price, indicating that Public Storage has a strong potential for growth and investment.

Public Storage is a compelling REIT due to its focus on storage unit properties, offering stability and growth potential. The largest player in the American storage unit market, it holds a dominant position.

With a vast footprint and strategic expansion, Public Storage stands out in the self-storage market. Its robust performance and leverage are key factors in its success.

According to the consensus of 16 analysts, Public Storage has 16.66% upside to fair value with a price target of $346.00 per share.

Public Storage earnings have been falling on a year-over-year basis for 3 quarters in a row, with the most recent quarter reporting earnings per share of $2.16.

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Public Storage has a strong track record of revenue growth, with 55 quarters of consecutive year-over-year increases.

Their most recent quarter saw revenue of $1.2B, a significant milestone in the company's history.

The company's share price has fluctuated over the past year, with a 1-year change of -1.20% and a 3-year change of -18.82%.

Here's a summary of Public Storage's share price performance over the past year:

Public Storage has consistently demonstrated strong financial performance. In 2023, the company's revenue reached $4.55 billion, a 7.21% increase from the previous year.

This growth is impressive, especially considering the company's ability to maintain such a high level of revenue over time. Public Storage has grown year-over-year revenues for 55 quarters straight, a remarkable feat.

Here are the details of Public Storage's revenue growth over the past few years:

The company's most recent revenue report shows a significant decrease in earnings, with a $1.95 billion loss in 2023 compared to the previous year. However, this should be taken in context with the company's overall financial performance.

Public Storage's share price has seen significant fluctuations over the past year, with a 1 Year Change of -1.20%. Despite this, the company's performance over the long term is impressive, with a 5 Year Change of 38.53%.

The company's current share price is US$296.58, which is a far cry from its 52 Week High of US$369.99. On the other hand, the 52 Week Low of US$256.31 is a concern.

Public Storage's beta is relatively low at 0.71, indicating that the company's stock price is less volatile compared to the overall market. This stability is reflected in the company's 1 Month Change of -11.76%, which is not as drastic as some other companies.

Here's a summary of Public Storage's performance over different time periods:

The company's stock price has seen significant growth since its IPO, with a Change since IPO of 1,927.90%.

Public Storage has a share repurchase program in place, which can have a significant impact on share price. This is because a lower share count typically leads to higher earnings per share.

A share buyback program can result in a higher earnings per share, all else being equal, when the share count drops. This means that investors may see an increase in the company's financial performance.

The scale of a buyback program can materially affect share price. This is a key consideration for investors looking to make informed decisions about their investments.

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