Public Storage (NYSE:PSA) Stock Has Consensus Price Target of $326.21 According to Analysts

by · The Markets Daily

Shares of Public Storage (NYSE:PSA – Get Free Report) have received an average recommendation of “Hold” from the twenty-one ratings firms that are presently covering the company, Marketbeat Ratings reports. Fourteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $326.21.

Several research analysts have issued reports on PSA shares. BMO Capital Markets raised their price objective on shares of Public Storage from $305.00 to $340.00 and gave the stock a “market perform” rating in a research report on Monday, June 15th. Raymond James Financial initiated coverage on shares of Public Storage in a report on Thursday, July 16th. They issued a “market perform” rating for the company. JPMorgan Chase & Co. decreased their target price on shares of Public Storage from $338.00 to $330.00 and set a “neutral” rating for the company in a research note on Monday, September 21st. Mizuho increased their target price on shares of Public Storage from $316.00 to $319.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 2nd. Finally, Evercore set a $308.00 price target on Public Storage in a report on Monday, September 21st.

Check Out Our Latest Stock Report on Public Storage

Insiders Place Their Bets

In other Public Storage news, insider Nathaniel A. Vitan sold 1,414 shares of Public Storage stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $327.53, for a total value of $463,127.42. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 11.10% of the company’s stock.

Institutional Investors Weigh In On Public Storage

Several large investors have recently modified their holdings of PSA. V Square Quantitative Management LLC boosted its position in shares of Public Storage by 2.2% during the 1st quarter. V Square Quantitative Management LLC now owns 1,546 shares of the real estate investment trust’s stock worth $419,000 after purchasing an additional 34 shares in the last quarter. Nilsine Partners LLC lifted its stake in shares of Public Storage by 2.9% in the second quarter. Nilsine Partners LLC now owns 1,211 shares of the real estate investment trust’s stock valued at $385,000 after purchasing an additional 34 shares during the period. Gryphon Financial Partners LLC lifted its stake in shares of Public Storage by 2.6% in the first quarter. Gryphon Financial Partners LLC now owns 1,423 shares of the real estate investment trust’s stock valued at $385,000 after purchasing an additional 36 shares during the period. Chesapeake Capital Corp IL boosted its holdings in Public Storage by 1.3% during the second quarter. Chesapeake Capital Corp IL now owns 2,994 shares of the real estate investment trust’s stock worth $953,000 after buying an additional 38 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV boosted its holdings in Public Storage by 0.7% during the first quarter. Azzad Asset Management Inc. ADV now owns 5,358 shares of the real estate investment trust’s stock worth $1,451,000 after buying an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Public Storage Price Performance

PSA stock opened at $285.46 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.06. The company has a market capitalization of $50.13 billion, a P/E ratio of 27.24, a PEG ratio of 4.25 and a beta of 0.95. The business has a 50 day simple moving average of $311.14 and a 200-day simple moving average of $306.52. Public Storage has a twelve month low of $256.54 and a twelve month high of $335.55.

Public Storage (NYSE:PSA – Get Free Report) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $1.64. Public Storage had a net margin of 41.80% and a return on equity of 40.98%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company posted $4.28 EPS. The company’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. As a group, equities analysts anticipate that Public Storage will post 16.92 EPS for the current year.

Public Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 15th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 15th. Public Storage’s dividend payout ratio (DPR) is presently 114.50%.

Public Storage Company Profile

(Get Free Report)

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.

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