JPMorgan Chase & Co. Lowers Public Storage (NYSE:PSA) Price Target to $330.00

Key Points

• JPMorgan lowered Public Storage’s price target from $338 to $330 while maintaining a “neutral” rating, implying approximately 11.6% upside from the prior close.
• Analyst sentiment remains cautious: seven analysts rate the stock a buy and 14 recommend holding, producing an overall “Hold” consensus and an average target price of $326.63.
• Public Storage exceeded quarterly EPS expectations, reporting $4.17 versus the $2.53 consensus, while revenue held at $1.23 billion but declined 0.5% year over year.

Public Storage (NYSE:PSA - Get Free Report) had its price objective dropped by stock analysts at JPMorgan Chase & Co. from $338.00 to $330.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a "neutral" rating on the real estate investment trust's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 11.57% from the stock's previous close.

A number of other research analysts have also recently commented on PSA. Weiss Ratings reiterated a "hold (c+)" rating on shares of Public Storage in a research report on Wednesday, September 9th. Barclays upped their price objective on shares of Public Storage from $350.00 to $351.00 and gave the company an "equal weight" rating in a research note on Thursday, September 10th. Wells Fargo & Company set a $311.00 target price on shares of Public Storage in a report on Tuesday, September 1st. UBS Group boosted their price target on shares of Public Storage from $314.00 to $326.00 and gave the stock a "neutral" rating in a research note on Friday, July 10th. Finally, Citigroup raised their price objective on Public Storage from $325.00 to $363.00 and gave the company a "buy" rating in a research note on Tuesday, June 16th. Seven investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $326.63.

Public Storage Trading Down 0.2%

NYSE PSA opened at $295.77 on Monday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.06. The stock's 50-day simple moving average is $315.30 and its two-hundred day simple moving average is $307.42. Public Storage has a twelve month low of $256.54 and a twelve month high of $335.55. The company has a market capitalization of $51.94 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 4.03 and a beta of 0.95.

Public Storage (NYSE:PSA - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.17 EPS for the quarter, beating the consensus estimate of $2.53 by $1.64. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. Public Storage had a return on equity of 40.98% and a net margin of 41.80%.The company's revenue was down .5% on a year-over-year basis. During the same period in the prior year, the company earned $4.28 EPS. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. Research analysts forecast that Public Storage will post 16.92 EPS for the current fiscal year.

Insider Transactions at Public Storage

In other Public Storage news, insider Nathaniel A. Vitan sold 1,414 shares of the business'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 legal filing with the SEC, which is available at this hyperlink. 11.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Bayban bought a new stake in shares of Public Storage in the 4th quarter worth approximately $26,000. Bruce G. Allen Investments LLC raised its holdings in shares of Public Storage by 89.6% during the second quarter. Bruce G. Allen Investments LLC now owns 91 shares of the real estate investment trust's stock valued at $29,000 after acquiring an additional 43 shares in the last quarter. Continuum Advisory LLC bought a new position in shares of Public Storage during the second quarter valued at approximately $29,000. Meeder Asset Management Inc. purchased a new stake in Public Storage in the second quarter worth $36,000. Finally, Reflection Asset Management purchased a new stake in Public Storage in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 78.79% of the company's stock.

Public Storage Company Profile

Public Storage is a real estate investment trust that owns, operates and develops self-storage facilities in the United States. The company provides customers with storage units for household goods, business inventory, vehicles and other personal or commercial belongings.

Its facilities offer a range of unit sizes and may include features such as drive-up access, climate-controlled storage, electronic gate access and online account management. Public Storage also provides related services, including tenant insurance options and moving and packing supplies at select locations.

Founded in 1972 and headquartered in Glendale, California, Public Storage serves customers through a nationwide network of self-storage properties.

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