Public Storage (NYSE:PSA) Stock Rated "Hold" by Wall Street Analysts

Key Points

• Wall Street’s consensus rating is “Hold”: Fourteen of 21 analysts rate Public Storage neutral, while seven recommend buying. The average 12-month price target is $326.21, above the reported share price of $288.16.
• Public Storage reported quarterly EPS of $4.17, exceeding the $2.53 analyst consensus, while revenue reached $1.23 billion and declined slightly year over year. Analysts expect roughly $16.92 in full-year EPS.
• The company declared a quarterly dividend of $3.00 per share, or $12.00 annualized, representing a 4.2% yield. Institutional investors own 78.79% of the stock, while insiders own 11.10%.

Shares of Public Storage (NYSE:PSA - Get Free Report) have earned an average rating of "Hold" from the twenty-one ratings firms that are currently covering the firm, MarketBeat.com reports. Fourteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $326.21.

PSA has been the subject of a number of recent research reports. Citigroup boosted their target price on Public Storage from $325.00 to $363.00 and gave the stock a "buy" rating in a research report on Tuesday, June 16th. Royal Bank Of Canada boosted their price objective on shares of Public Storage from $305.00 to $318.00 and gave the stock a "sector perform" rating in a report on Friday, July 31st. UBS Group increased their target price on shares of Public Storage from $314.00 to $326.00 and gave the company a "neutral" rating in a report on Friday, July 10th. Wells Fargo & Company set a $311.00 price target on shares of Public Storage in a research note on Tuesday, September 1st. Finally, JPMorgan Chase & Co. cut their price target on shares of Public Storage from $338.00 to $330.00 and set a "neutral" rating for the company in a research report on Monday, September 21st.

Insiders Place Their Bets

In other news, insider Nathaniel A. Vitan sold 1,414 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $327.53, for a total transaction of $463,127.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 11.10% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. 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 stake in Public Storage in the second quarter valued at $29,000. Bayban purchased a new position in Public Storage during the 4th quarter valued at $26,000. Meeder Asset Management Inc. purchased a new position in Public Storage during the 2nd quarter valued at $36,000. Finally, Knuff & Co LLC purchased a new position in Public Storage during the 2nd quarter valued at $46,000. Institutional investors own 78.79% of the company's stock.

Public Storage Stock Performance

NYSE PSA opened at $288.16 on Friday. Public Storage has a 52-week low of $256.54 and a 52-week high of $335.55. 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 company has a market capitalization of $50.61 billion, a P/E ratio of 27.50, a P/E/G ratio of 4.25 and a beta of 0.95. The company has a fifty day moving average of $312.24 and a 200-day moving average of $306.78.

Public Storage (NYSE:PSA - Get Free Report) last released 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 return on equity of 40.98% and a net margin of 41.80%.The business had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same quarter in the prior year, the firm earned $4.28 earnings per share. The firm's 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 research analysts predict that Public Storage will post 16.92 EPS for the current fiscal year.

Public Storage Announces Dividend

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

About Public Storage

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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