Public Storage (NYSE:PSA) Now Covered by Analysts at Truist Financial

Analysts at Truist Financial started coverage on shares of Public Storage (NYSE:PSA) in a note issued to investors on Friday. The firm set a “buy” rating and a $317.00 price target on the real estate investment trust’s stock. Truist Financial’s target price would indicate a potential upside of 11.16% from the stock’s current price.

Several other research firms also recently issued reports on PSA. Scotiabank decreased their price objective on shares of Public Storage from $346.00 to $343.00 and set a “sector outperform” rating on the stock in a report on Wednesday, September 2nd. Royal Bank Of Canada upped their price target on shares of Public Storage from $305.00 to $318.00 and gave the stock a “sector perform” rating in a research report on Friday, July 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Public Storage in a research note on Wednesday, September 9th. Citigroup lifted their price objective on Public Storage from $325.00 to $363.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Finally, Wells Fargo & Company set a $311.00 price objective on Public Storage in a research note on Tuesday, September 1st. Seven investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $325.11.

Public Storage Price Performance

Shares of Public Storage stock traded up $1.16 on Friday, reaching $285.16. The company’s stock had a trading volume of 21,049 shares, compared to its average volume of 1,066,214. The company has a market capitalization of $50.08 billion, a P/E ratio of 27.31, a PEG ratio of 4.22 and a beta of 0.94. Public Storage has a 52-week low of $256.54 and a 52-week high of $335.55. The stock has a 50-day moving average price of $309.93 and a 200-day moving average price of $306.32. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.06.

Public Storage (NYSE:PSA) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share for the quarter, topping the consensus estimate of $2.53 by $1.64. Public Storage had a return on equity of 40.98% and a net margin of 41.80%.The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the company posted $4.28 EPS. The business’s quarterly revenue was down .5% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. Analysts expect that Public Storage will post 16.92 EPS for the current year.

Insider Activity at Public Storage

In other news, insider Nathaniel A. Vitan sold 1,414 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $327.53, for a total value of $463,127.42. The transaction was disclosed in a filing with the SEC, which is available through this link. 11.10% of the stock is owned by company insiders.

Institutional Trading of Public Storage

Several large investors have recently bought and sold shares of PSA. BlackRock Inc. acquired a new position in shares of Public Storage during the 2nd quarter worth approximately $5,495,077,000. Capital International Investors lifted its position in Public Storage by 821.4% during the fourth quarter. Capital International Investors now owns 4,134,996 shares of the real estate investment trust’s stock worth $1,073,032,000 after buying an additional 3,686,211 shares in the last quarter. Cohen & Steers Inc. boosted its stake in Public Storage by 9.3% during the fourth quarter. Cohen & Steers Inc. now owns 3,993,623 shares of the real estate investment trust’s stock worth $1,036,375,000 after buying an additional 339,882 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Public Storage by 1.7% during the fourth quarter. JPMorgan Chase & Co. now owns 3,391,561 shares of the real estate investment trust’s stock worth $880,110,000 after buying an additional 57,073 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Public Storage by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,280,540 shares of the real estate investment trust’s stock worth $617,720,000 after acquiring an additional 67,787 shares during the last quarter. 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 focused on the ownership, operation and development of self-storage facilities. The company rents storage units to residential and business customers seeking space for household belongings, vehicles, inventory, records and other personal or commercial items.

Founded in 1972, Public Storage has grown into one of the largest self-storage operators in the United States. Its facilities serve customers across numerous U.S. states and typically offer a range of unit sizes, electronic access, online reservations and payment services.