BNP Paribas Exane Issues Positive Forecast for Public Storage (NYSE:PSA) Stock Price

Public Storage (NYSE:PSA) had its price objective lifted by investment analysts at BNP Paribas Exane from $331.00 to $335.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. BNP Paribas Exane’s price objective would suggest a potential upside of 9.78% from the company’s current price.

Other research analysts have also issued research reports about the company. Bank of America lowered Public Storage from a “buy” rating to a “neutral” rating and set a $310.00 target price for the company. in a report on Thursday, February 5th. William Blair set a $305.00 price target on shares of Public Storage in a report on Monday, March 16th. BMO Capital Markets restated a “market perform” rating on shares of Public Storage in a research report on Monday, March 16th. Barclays reduced their price objective on shares of Public Storage from $352.00 to $349.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Finally, Scotiabank increased their target price on shares of Public Storage from $321.00 to $340.00 in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $314.33.

Public Storage Stock Performance

Shares of NYSE:PSA traded up $0.17 during trading on Friday, hitting $305.16. 31,992 shares of the company were exchanged, compared to its average volume of 1,148,333. The company has a market cap of $53.57 billion, a PE ratio of 31.49, a P/E/G ratio of 4.14 and a beta of 1.00. The stock has a 50 day moving average of $293.08 and a 200 day moving average of $284.74. Public Storage has a 52-week low of $256.54 and a 52-week high of $313.51. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.56 and a quick ratio of 0.56.

Public Storage (NYSE:PSA) last announced its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.29. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the business earned $4.12 earnings per share. The firm’s quarterly revenue was down .1% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, equities research analysts predict that Public Storage will post 16.89 EPS for the current year.

Hedge Funds Weigh In On Public Storage

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd bought a new position in shares of Public Storage in the 3rd quarter worth $27,000. Bayban bought a new stake in shares of Public Storage during the 4th quarter worth $26,000. Raiffeisen Bank International AG purchased a new position in Public Storage in the third quarter worth $30,000. Wealth Watch Advisors INC purchased a new position in Public Storage in the third quarter worth $34,000. Finally, Knuff & Co LLC bought a new position in Public Storage in the fourth quarter valued at $38,000. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Public Storage Company Profile

Public Storage (NYSE: PSA) is a real estate investment trust (REIT) that specializes in self-storage services. Headquartered in Glendale, California, the company was founded in the early 1970s and has grown through development and acquisitions to become one of the largest owner-operators of self-storage facilities in the United States. It is publicly traded on the New York Stock Exchange under the ticker PSA.

The company’s core business is the ownership, operation and management of self-storage properties that serve both residential and commercial customers.