Public Storage moved 1.4% this afternoon session, trading between a high of $276.03 and a low of $270.94 per share. Yesterday the stock finished at $272.12 per share, compared to an average analyst target price of $313.18.
Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. The large-cap real estate investment trusts company is based in the United States, and over the last twelve months it has returned a dividend yield of 3.7%. Public Storage has trailing twelve months earnings per share (EPS) of 23.1, which at today's prices amounts to a price to earnings (P/E) ratio of 11.9.
Based on its expected future earnings growth, the company has a price to earnings growth (PEG) ratio of 1.42. Usually a PEG ratio between 0 and 1 indicates a potentially undervalued company.
Snapshot of Public Storage's Operating Margins:
| Date Reported | Total Revenue ($ k) | Operating Expenses ($ k) | Operating Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2023-02-21 | 4,182,163 | -1,002,888 | 51 | 4.08 |
| 2022-02-22 | 3,415,824 | -814,682 | 49 | 2.08 |
| 2021-02-24 | 2,915,068 | -636,456 | 48 | -5.88 |
| 2020-02-25 | 2,855,108 | -575,064 | 51 | 0.0 |
| 2019-02-27 | 2,759,523 | -588,358 | 51 | -3.77 |
| 2018-03-01 | 2,668,528 | -537,408 | 53 |
Public Storage's operating margins have averaged 50.5% over the last 6 years, which is significantly higher than the Specialty Real Estate Investment Trust industry average of 25.46%. The firm's margins exhibit a relatively stable growth trend of -0.7%.
