Public Storage (NYSE:PSA) Stock Rated "Buy" in New Coverage at Truist Financial

Key Points

• Truist Financial initiated coverage of Public Storage with a “Buy” rating and a $317 price target, implying approximately 11.16% upside from the prior close.
• Analyst sentiment remains mixed: seven analysts rate the stock a Buy and 14 rate it a Hold, producing an overall “Hold” consensus with an average price target of $325.11.
• Public Storage reported quarterly EPS of $4.17, well above the $2.53 consensus estimate, while revenue was $1.23 billion and declined 0.5% year over year; management issued fiscal 2026 EPS guidance of $16.75–$17.05.

Research analysts at Truist Financial started coverage on shares of Public Storage (NYSE:PSA - Get Free Report) in a research report issued on Friday. The brokerage set a "buy" rating and a $317.00 price target on the real estate investment trust's stock. Truist Financial's price target points to a potential upside of 11.16% from the stock's previous close.

Several other research analysts also recently commented on the company. Weiss Ratings restated a "hold (c+)" rating on shares of Public Storage in a research note on Wednesday, September 9th. Mizuho increased their price target on shares of Public Storage from $316.00 to $319.00 and gave the stock a "neutral" rating in a report on Wednesday, September 2nd. Wells Fargo & Company set a $311.00 price objective on shares of Public Storage in a research report on Tuesday, September 1st. BMO Capital Markets upped their target price on shares of Public Storage from $305.00 to $340.00 and gave the stock a "market perform" rating in a report on Monday, June 15th. Finally, Evercore set a $308.00 target price on shares of Public Storage in a research note on Monday, September 21st. Seven investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $325.11.

Public Storage Stock Performance

PSA stock traded up $1.16 during midday trading on Friday, reaching $285.16. 21,049 shares of the company's stock traded hands, compared to its average volume of 1,066,214. The company has a 50-day moving average price of $309.93 and a two-hundred day moving average price of $306.32. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.66 and a current ratio of 0.66. Public Storage has a 52 week low of $256.54 and a 52 week high of $335.55. The firm has a market capitalization of $50.08 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 4.22 and a beta of 0.94.

Public Storage (NYSE:PSA - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 EPS for the quarter, topping analysts' consensus estimates of $2.53 by $1.64. The firm had revenue of $1.23 billion during 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 business's revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the company earned $4.28 earnings per share. 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.

Insider Buying and Selling at Public Storage

In related news, insider Nathaniel A. Vitan sold 1,414 shares of Public Storage stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $327.53, for a total value of $463,127.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 11.10% of the company's stock.

Institutional Inflows and Outflows

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

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.

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