PSA
Public Storage Real Estate - Self-Storage REITs Investor Relations →
Public Storage (PSA) closed at $265.78 as of 2026-03-20, trading 2.2% below its 200-week moving average of $271.70. This places PSA in the below line zone. The stock is currently moving closer to the line, down from 8.5% last week. The 14-week RSI sits at 49, indicating neutral momentum.
Trading volume is running at 1.9x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.79 ratio) is neutral — neither side is clearly dominating.
Over the past 2317 weeks of data, PSA has crossed below its 200-week moving average 27 times. On average, these episodes lasted 16 weeks. Historically, investors who bought PSA at the start of these episodes saw an average one-year return of +22.0%.
With a market cap of $46.7 billion, PSA is a large-cap stock. The company generates a free cash flow yield of 5.1%, which is healthy. Return on equity stands at 18.8%, a solid level. The stock trades at 9.5x book value.
Over the past 33.2 years, a hypothetical investment of $100 in PSA would have grown to $10255, compared to $2683 for the S&P 500. That represents an annualized return of 14.9% vs 10.4% for the index — confirming PSA as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 2.9% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: PSA vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After PSA Crosses Below the Line?
Across 21 historical episodes, buying PSA when it crossed below its 200-week moving average produced an average return of +21.7% after 12 months (median +17.0%), compared to +15.8% for the S&P 500 over the same periods. 88% of those episodes were profitable after one year. After 24 months, the average return was +47.3% vs +27.3% for the index.
Each line shows $100 invested at the moment PSA crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
PSA has crossed below its 200-week MA 27 times with an average 1-year return of +22.0% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Oct 1981 | Jan 1982 | 12 | 6.0% | +15.6% | +14095.0% |
| Feb 1982 | Mar 1982 | 7 | 7.7% | +35.4% | +14095.0% |
| Aug 1982 | Aug 1982 | 1 | 0.2% | +32.7% | +13805.3% |
| May 1986 | May 1989 | 156 | 38.6% | -10.2% | +10630.1% |
| Dec 1989 | Oct 1991 | 97 | 34.9% | -36.9% | +11941.1% |
| Nov 1991 | Nov 1991 | 1 | 1.9% | +31.7% | +14055.8% |
| Oct 1999 | Jul 2000 | 39 | 13.7% | +4.8% | +2990.8% |
| Aug 2000 | Sep 2000 | 2 | 1.9% | +52.2% | +2845.4% |
| Sep 2000 | Dec 2000 | 12 | 10.1% | +43.5% | +2807.0% |
| Oct 2008 | Oct 2008 | 1 | 6.1% | +11.1% | +624.1% |
| Nov 2008 | Dec 2008 | 5 | 20.1% | +29.3% | +687.8% |
| Jan 2009 | Nov 2009 | 43 | 34.9% | +24.1% | +662.2% |
| Jan 2018 | Mar 2018 | 11 | 5.4% | +7.7% | +92.3% |
| Apr 2018 | Apr 2018 | 2 | 2.7% | +16.7% | +86.7% |
| Oct 2018 | Nov 2018 | 5 | 2.4% | +28.4% | +81.7% |
| Dec 2018 | Jan 2019 | 2 | 2.6% | +12.6% | +82.2% |
| Feb 2019 | Feb 2019 | 1 | 0.9% | +16.2% | +78.1% |
| Dec 2019 | Dec 2019 | 1 | 0.7% | +11.4% | +70.0% |
| Mar 2020 | May 2020 | 10 | 15.3% | +40.3% | +100.0% |
| Jun 2020 | Jul 2020 | 7 | 6.8% | +56.2% | +74.3% |
| Oct 2023 | Nov 2023 | 6 | 7.0% | +43.3% | +17.1% |
| Apr 2024 | Apr 2024 | 2 | 2.7% | +18.2% | +10.6% |
| Apr 2025 | Apr 2025 | 1 | 0.7% | N/A | -1.2% |
| Jul 2025 | Aug 2025 | 2 | 1.1% | N/A | -1.7% |
| Sep 2025 | Sep 2025 | 1 | 1.3% | N/A | -1.7% |
| Oct 2025 | Jan 2026 | 10 | 7.1% | N/A | -2.6% |
| Mar 2026 | Ongoing | 1+ | 2.2% | Ongoing | N/A |
| Average | 16 | — | +22.0% | — |
Frequently Asked Questions
Is PSA below its 200-week moving average?
Yes. As of 2026-03-20, Public Storage (PSA) is trading 2.2% below its 200-week moving average of $271.70. The current price is $265.78.
What is PSA's 200-week moving average price?
Public Storage's 200-week moving average is $271.70 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when PSA drops below its 200-week moving average?
PSA has crossed below its 200-week moving average 27 times in our data. On average, buying at that moment produced a one-year return of +22.0%. These dips have historically been decent entry points. These episodes lasted 16 weeks on average.
Is PSA a good value right now?
Here's what our data says about PSA as of 2026-03-20: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 49. Free cash flow yield is 5.1%. Return on equity is 18.8%. Price-to-book is 9.5x. This is not a buy or sell recommendation — always do your own research.
How does PSA compare to the S&P 500?
Over the past 33.2 years, $100 invested in PSA would have grown to $10255, compared to $2683 for the S&P 500. That's 14.9% annualized vs 10.4% for the index. PSA has outperformed the broader market over this period.
Does PSA pay a dividend?
Yes. Public Storage currently pays a dividend yield of 452.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20