Public Storage (NYSE:PSA) Rating Increased to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Public Storage (PSA) from a "sell" rating to a "hold," signaling a modest improvement in sentiment toward the stock.
• Analysts' views remain mixed but overall positive: the consensus is a Moderate Buy with an average target of $309, based on 2 Strong Buy, 6 Buy and 12 Hold ratings and price targets ranging roughly $276–$341.
• Public Storage beat quarterly EPS estimates ($2.71 vs. $2.42), reported $1.22B in revenue in line with expectations, and set FY2026 guidance of **16.35–17.00** EPS.

Public Storage (NYSE:PSA - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

Several other research firms also recently weighed in on PSA. Bank of America downgraded Public Storage from a "buy" rating to a "neutral" rating and set a $310.00 target price on the stock. in a research report on Thursday, February 5th. Scotiabank lifted their target price on Public Storage from $319.00 to $321.00 and gave the company a "sector outperform" rating in a research report on Monday, March 23rd. William Blair set a $305.00 target price on Public Storage in a research report on Monday, March 16th. The Goldman Sachs Group reiterated a "buy" rating and set a $341.00 target price on shares of Public Storage in a research report on Wednesday. Finally, UBS Group lowered their target price on Public Storage from $293.00 to $276.00 and set a "neutral" rating on the stock in a research report on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $309.00.

Public Storage Stock Performance

Shares of PSA opened at $301.89 on Friday. The firm has a market capitalization of $53.00 billion, a P/E ratio of 31.15, a PEG ratio of 4.03 and a beta of 1.00. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.56 and a quick ratio of 0.75. The business has a fifty day moving average of $293.63 and a 200 day moving average of $284.62. Public Storage has a one year low of $256.54 and a one year high of $313.51.

Public Storage (NYSE:PSA - Get Free Report) last released its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.29. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.Public Storage's quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $4.12 earnings per share. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, sell-side analysts anticipate that Public Storage will post 16.88 EPS for the current year.

Hedge Funds Weigh In On Public Storage

Several large investors have recently made changes to their positions in PSA. Norges Bank purchased a new position in shares of Public Storage in the fourth quarter valued at about $1,163,751,000. Capital International Investors lifted its position in shares of Public Storage by 821.4% in the fourth quarter. Capital International Investors now owns 4,134,996 shares of the real estate investment trust's stock valued at $1,073,032,000 after acquiring an additional 3,686,211 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Public Storage by 9.9% in the fourth quarter. Vanguard Group Inc. now owns 25,343,098 shares of the real estate investment trust's stock valued at $6,576,534,000 after acquiring an additional 2,274,397 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Public Storage by 287.7% in the fourth quarter. First Trust Advisors LP now owns 721,588 shares of the real estate investment trust's stock valued at $187,252,000 after acquiring an additional 535,465 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Public Storage by 498.7% in the second quarter. AQR Capital Management LLC now owns 578,491 shares of the real estate investment trust's stock valued at $166,970,000 after acquiring an additional 481,872 shares in the last quarter. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

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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