Head to Head Survey: Public Storage (PSA) versus Its Rivals

Public Storage (NYSE:PSA) is one of 35 public companies in the “Specialized REITs” industry, but how does it weigh in compared to its rivals? We will compare Public Storage to related businesses based on the strength of its profitability, earnings, analyst recommendations, risk, dividends, institutional ownership and valuation.

Dividends

Public Storage pays an annual dividend of $12.00 per share and has a dividend yield of 3.7%. Public Storage pays out 125.7% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Specialized REITs” companies pay a dividend yield of 3.4% and pay out 120.6% of their earnings in the form of a dividend.

Insider & Institutional Ownership

78.8% of Public Storage shares are held by institutional investors. Comparatively, 78.0% of shares of all “Specialized REITs” companies are held by institutional investors. 11.1% of Public Storage shares are held by insiders. Comparatively, 7.5% of shares of all “Specialized REITs” companies are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

Volatility and Risk

Public Storage has a beta of 0.94, suggesting that its stock price is 6% less volatile than the S&P 500. Comparatively, Public Storage’s rivals have a beta of 0.94, suggesting that their average stock price is 6% less volatile than the S&P 500.

Analyst Ratings

This is a breakdown of current ratings and recommmendations for Public Storage and its rivals, as provided by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Public Storage	0	14	7	0	2.33
Public Storage Competitors	516	2768	3649	191	2.49

Public Storage currently has a consensus target price of $323.68, suggesting a potential downside of 0.39%. As a group, “Specialized REITs” companies have a potential upside of 17.18%. Given Public Storage’s rivals stronger consensus rating and higher possible upside, analysts plainly believe Public Storage has less favorable growth aspects than its rivals.

Profitability

This table compares Public Storage and its rivals’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Public Storage	37.76%	29.93%	8.52%
Public Storage Competitors	-5.42%	-3.45%	2.01%

Earnings and Valuation

This table compares Public Storage and its rivals top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Public Storage	$5.03 billion	$1.78 billion	34.03
Public Storage Competitors	$2.65 billion	$596.00 million	31.86

Public Storage has higher revenue and earnings than its rivals. Public Storage is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.

Summary

Public Storage beats its rivals on 10 of the 15 factors compared.

About Public Storage

Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At December 31, 2023, we had: (i) interests in 3,044 self-storage facilities located in 40 states with approximately 218 million net rentable square feet in the United States and (ii) a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 275 self-storage facilities located in seven Western European nations with approximately 15 million net rentable square feet operated under the Shurgard brand. Our headquarters are located in Glendale, California.