PSA
Public Storage Real Estate - Self-Storage REITs Investor Relations →
Public Storage (PSA) closed at $301.55 as of 2026-05-01, trading 10.6% above its 200-week moving average of $272.62. The stock is currently moving closer to the line, down from 13.2% last week. The 14-week RSI sits at 58, indicating neutral momentum.
Trading volume is running at 1.2x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.86 ratio) is neutral — neither side is clearly dominating.
Over the past 2323 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 +21.5%.
With a market cap of $52.9 billion, PSA is a large-cap stock. The company generates a free cash flow yield of 4.4%. Return on equity stands at 20.2%, indicating strong profitability. The stock trades at 10.8x book value.
Over the past 33.3 years, a hypothetical investment of $100 in PSA would have grown to $11635, compared to $2973 for the S&P 500. That represents an annualized return of 15.3% vs 10.7% for the index — confirming PSA as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 2.9% compound annual rate, with 4 consecutive years of positive cash generation.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($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 +20.7% after 12 months (median +14.0%), compared to +16.7% 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 +45.8% vs +28.5% 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 +21.5% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Oct 1981 | Jan 1982 | 12 | 6.0% | +15.6% | +16005.4% |
| Feb 1982 | Mar 1982 | 7 | 7.7% | +35.4% | +16005.4% |
| Aug 1982 | Aug 1982 | 1 | 0.2% | +32.7% | +15676.7% |
| May 1986 | May 1989 | 156 | 38.6% | -10.2% | +12074.2% |
| Dec 1989 | Oct 1991 | 97 | 34.9% | -36.9% | +13561.6% |
| Nov 1991 | Nov 1991 | 1 | 1.9% | +31.7% | +15960.9% |
| Oct 1999 | Jul 2000 | 39 | 13.7% | +4.8% | +3406.8% |
| Aug 2000 | Sep 2000 | 2 | 1.9% | +52.2% | +3241.8% |
| Sep 2000 | Dec 2000 | 12 | 10.1% | +43.5% | +3198.2% |
| Oct 2008 | Oct 2008 | 1 | 6.1% | +11.1% | +721.5% |
| Nov 2008 | Dec 2008 | 5 | 20.1% | +29.3% | +793.8% |
| Jan 2009 | Nov 2009 | 43 | 34.9% | +24.1% | +764.8% |
| Jan 2018 | Mar 2018 | 11 | 5.4% | +7.7% | +118.1% |
| Apr 2018 | Apr 2018 | 2 | 2.7% | +16.7% | +111.9% |
| Oct 2018 | Nov 2018 | 5 | 2.4% | +28.4% | +106.1% |
| Dec 2018 | Jan 2019 | 2 | 2.6% | +12.6% | +106.7% |
| Feb 2019 | Feb 2019 | 1 | 0.9% | +16.2% | +102.0% |
| Dec 2019 | Dec 2019 | 1 | 0.7% | +11.4% | +92.8% |
| Mar 2020 | May 2020 | 10 | 15.3% | +40.3% | +126.9% |
| Jun 2020 | Jul 2020 | 7 | 6.8% | +56.2% | +97.7% |
| Oct 2023 | Nov 2023 | 6 | 7.0% | +43.3% | +32.9% |
| Apr 2024 | Apr 2024 | 2 | 2.7% | +18.2% | +25.5% |
| Apr 2025 | Apr 2025 | 1 | 0.7% | +9.7% | +12.1% |
| Jul 2025 | Aug 2025 | 2 | 1.1% | N/A | +11.6% |
| Sep 2025 | Sep 2025 | 1 | 1.3% | N/A | +11.5% |
| Oct 2025 | Jan 2026 | 10 | 7.1% | N/A | +10.6% |
| Mar 2026 | Mar 2026 | 2 | 3.2% | N/A | +14.6% |
| Average | 16 | — | +21.5% | — |
Frequently Asked Questions
Is PSA below its 200-week moving average?
No. Public Storage (PSA) is currently 10.6% above its 200-week moving average of $272.62. It would need to fall to $272.62 to cross below the line.
What is PSA's 200-week moving average price?
Public Storage's 200-week moving average is $272.62 as of 2026-05-01. 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 +21.5%. 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 2026-05-01: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 58. Free cash flow yield is 4.4%. Return on equity is 20.2%. Price-to-book is 10.8x. 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 33.3 years, $100 invested in PSA would have grown to $11635, compared to $2973 for the S&P 500. That's 15.3% annualized vs 10.7% 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 398.00%.
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 2026-05-01