Public Storage (NYSE:PSA) Stock Has Average Target Price of $323.42 According to Analysts

Key Points

• Analysts maintain a cautious outlook: Public Storage has an average “Hold” rating from 21 analysts, with a consensus 12-month price target of $323.42 versus the reported share price of $298.17.
• Quarterly earnings beat expectations: The REIT reported $4.17 in earnings per share, exceeding the $2.53 consensus estimate, while revenue reached $1.23 billion and declined 0.5% year over year.
• Dividend yield remains attractive but payout is high: Public Storage declared a quarterly dividend of $3.00, equal to $12.00 annually and a 4.0% yield; its dividend payout ratio stands at 114.5%.

Shares of Public Storage (NYSE:PSA - Get Free Report) have received an average recommendation of "Hold" from the twenty-one ratings firms that are currently covering the stock, Marketbeat reports. Fourteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $323.42.

A number of equities research analysts recently commented on the stock. Raymond James Financial began coverage on shares of Public Storage in a research report on Thursday, July 16th. They issued a "market perform" rating for the company. Mizuho boosted their target price on Public Storage from $316.00 to $319.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 2nd. Weiss Ratings downgraded Public Storage from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. Scotiabank reduced their price target on Public Storage from $346.00 to $343.00 and set a "sector outperform" rating for the company in a report on Wednesday, September 2nd. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $318.00 price target on shares of Public Storage in a report on Tuesday.

Public Storage Stock Down 1.2%

Shares of Public Storage stock opened at $298.17 on Thursday. Public Storage has a one year low of $256.54 and a one year high of $335.55. The company has a market cap of $52.36 billion, a P/E ratio of 28.45, a PEG ratio of 4.51 and a beta of 0.94. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.66 and a current ratio of 0.66. The firm has a fifty day moving average of $300.10 and a two-hundred day moving average of $307.98.

Public Storage (NYSE:PSA - Get Free Report) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $1.23 billion. During the same quarter in the previous year, the firm earned $4.28 earnings per share. The business's quarterly revenue was down .5% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. On average, analysts forecast that Public Storage will post 16.93 earnings per share for the current year.

Public Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 15th were given a $3.00 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $12.00 annualized dividend and a yield of 4.0%. Public Storage's dividend payout ratio is presently 114.50%.

Insider Transactions at Public Storage

In other Public Storage news, insider Nathaniel A. Vitan sold 1,414 shares of the firm's stock in a transaction on Thursday, August 13th. The stock was 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 Securities & Exchange Commission, which is available at the SEC website. Insiders own 11.10% of the company's stock.

Institutional Trading of Public Storage

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Public Storage during the 2nd quarter worth approximately $5,495,077,000. Legal & General Group Plc acquired a new stake in Public Storage in the second quarter valued at $601,650,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Public Storage in the second quarter valued at $558,904,000. Deutsche Bank AG acquired a new stake in Public Storage in the second quarter valued at $400,776,000. Finally, Bank of America Corp DE purchased a new position in shares of Public Storage in the second quarter valued at $333,063,000. 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, offering solutions for household belongings, commercial inventory, records, vehicles and other personal property. Many locations provide features such as climate-controlled units, electronic access, online reservations and moving and packing supplies.

Founded in 1972, Public Storage has grown into one of the largest self-storage operators in the United States.

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