Public Storage (NYSE:PSA) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Analysts rate Public Storage “Hold” overall: Fourteen of 21 analysts recommend holding the stock, while seven recommend buying it. The average 12-month price target is $327, above the reported opening price of $302.23.
• Public Storage reported quarterly EPS of $4.17, exceeding the $2.53 consensus estimate, while revenue totaled $1.23 billion and declined slightly year over year. The company guided to fiscal 2026 EPS of $16.75–$17.05.
• The REIT declared a quarterly dividend of $3.00 per share, equivalent to an annualized $12.00 dividend and a 4.0% yield. Institutional investors own 78.79% of the stock, while an insider recently sold shares worth approximately $463,000.

Shares of Public Storage (NYSE:PSA - Get Free Report) have been given a consensus rating of "Hold" by the twenty-one ratings firms that are presently covering the stock, MarketBeat reports. Fourteen research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $327.00.

A number of brokerages have commented on PSA. Jefferies Financial Group lifted their price target on Public Storage from $350.00 to $355.00 and gave the stock a "buy" rating in a research report on Wednesday, May 20th. JPMorgan Chase & Co. increased their price objective on Public Storage from $291.00 to $338.00 and gave the company a "neutral" rating in a report on Thursday, June 11th. BMO Capital Markets raised their price objective on Public Storage from $305.00 to $340.00 and gave the stock a "market perform" rating in a research note on Monday, June 15th. Evercore set a $316.00 target price on Public Storage in a report on Monday, July 6th. Finally, Citigroup upped their target price on Public Storage from $325.00 to $363.00 and gave the company a "buy" rating in a research report on Tuesday, June 16th.

Insider Buying and Selling

In other news, insider Nathaniel A. Vitan sold 1,414 shares of the company's 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 transaction 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 Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. V Square Quantitative Management LLC grew its position in 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 during the period. Nilsine Partners LLC raised its stake in shares of Public Storage by 2.9% during the 2nd quarter. Nilsine Partners LLC now owns 1,211 shares of the real estate investment trust's stock valued at $385,000 after buying an additional 34 shares during the last quarter. Gryphon Financial Partners LLC raised its stake in shares of Public Storage by 2.6% during the 1st 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 last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of Public Storage by 1.7% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,215 shares of the real estate investment trust's stock valued at $575,000 after buying an additional 37 shares during the period. Finally, Raiffeisen Bank International AG lifted its holdings in shares of Public Storage by 35.2% in the 4th quarter. Raiffeisen Bank International AG now owns 142 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 37 shares during the period. Hedge funds and other institutional investors own 78.79% of the company's stock.

Public Storage Stock Performance

Shares of NYSE:PSA opened at $302.23 on Wednesday. The company has a market capitalization of $53.08 billion, a price-to-earnings ratio of 28.84, a price-to-earnings-growth ratio of 3.62 and a beta of 0.95. Public Storage has a 52 week low of $256.54 and a 52 week high of $335.55. 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 firm has a 50 day moving average of $321.71 and a 200 day moving average of $307.78.

Public Storage (NYSE:PSA - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.53 by $1.64. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. Public Storage had a return on equity of 40.98% and a net margin of 41.80%.The business's quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $4.28 earnings per share. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. On average, sell-side analysts predict that Public Storage will post 16.93 earnings per share for the current fiscal year.

Public Storage Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $12.00 dividend on an annualized basis and a yield of 4.0%. Public Storage's dividend payout ratio (DPR) is currently 114.50%.

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.

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