Public Storage (NYSE:PSA) Given New $305.00 Price Target at Evercore ISI

Public Storage (NYSE:PSA) had its price target cut by Evercore ISI from $309.00 to $305.00 in a research report report published on Monday,MarketScreener reports.

Other research analysts have also recently issued reports about the stock. Truist Financial dropped their price objective on shares of Public Storage from $320.00 to $315.00 and set a “buy” rating for the company in a research note on Tuesday, November 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Public Storage in a report on Wednesday, October 8th. Morgan Stanley began coverage on Public Storage in a report on Friday, December 5th. They issued an “equal weight” rating and a $290.00 price target for the company. UBS Group reduced their price objective 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. Finally, Deutsche Bank Aktiengesellschaft upgraded Public Storage from a “hold” rating to a “buy” rating and set a $325.00 price objective for the company in a research report on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Public Storage currently has an average rating of “Moderate Buy” and a consensus price target of $315.56.

Public Storage Price Performance

Shares of PSA stock traded up $5.67 during mid-day trading on Monday, reaching $293.44. The stock had a trading volume of 1,192,622 shares, compared to its average volume of 1,138,151. The company has a market cap of $51.49 billion, a P/E ratio of 30.47, a price-to-earnings-growth ratio of 6.82 and a beta of 1.01. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.99. Public Storage has a 12-month low of $256.54 and a 12-month high of $322.49. The business has a 50-day simple moving average of $269.59 and a 200 day simple moving average of $282.61.

Public Storage (NYSE:PSA) last issued its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $4.31 EPS for the quarter, beating analysts’ consensus estimates of $4.24 by $0.07. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Public Storage had a net margin of 39.53% and a return on equity of 36.09%. The firm’s revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the company earned $4.20 EPS. Public Storage has set its FY 2025 guidance at 16.700-17.000 EPS. On average, sell-side analysts anticipate that Public Storage will post 16.7 earnings per share for the current year.

Public Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th were issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, December 15th. Public Storage’s dividend payout ratio (DPR) is 124.61%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Planning Hawaii Inc. acquired a new stake in shares of Public Storage in the fourth quarter worth $384,000. Columbus Macro LLC boosted its position in Public Storage by 35.8% during the 4th quarter. Columbus Macro LLC now owns 36,739 shares of the real estate investment trust’s stock worth $9,534,000 after purchasing an additional 9,691 shares during the period. Cascade Investment Advisors Inc. increased its holdings in Public Storage by 3.1% in the 4th quarter. Cascade Investment Advisors Inc. now owns 4,649 shares of the real estate investment trust’s stock valued at $1,206,000 after purchasing an additional 140 shares in the last quarter. InTrack Investment Management Inc raised its position in Public Storage by 9.8% in the fourth quarter. InTrack Investment Management Inc now owns 2,579 shares of the real estate investment trust’s stock valued at $669,000 after purchasing an additional 230 shares during the period. Finally, Capital Investment Advisors LLC raised its position in Public Storage by 3.6% in the fourth quarter. Capital Investment Advisors LLC now owns 38,372 shares of the real estate investment trust’s stock valued at $9,957,000 after purchasing an additional 1,342 shares during the period. 78.79% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Public Storage

Here are the key news stories impacting Public Storage this week:

• Neutral Sentiment: Valuation/market-note: A recent piece questions whether PSA’s current market price matches discounted‑cash‑flow and P/E valuation signals, providing investors a fresh valuation perspective that can support buying interest if the stock looks cheap relative to DCF/P‑E metrics. Is Public Storage (PSA) Pricing Reflect Its DCF And P/E Valuation Signals Today
• Neutral Sentiment: Dividend tax clarity: Public Storage confirmed that all 2025 distributions (common and preferred series) were classified 100% as ordinary dividends (no capital gain distributions). That removes uncertainty around tax characterization for 2025 payouts and is useful for income investors doing tax planning. Public Storage Announces Tax Treatment of 2025 Dividends
• Negative Sentiment: Analyst downward revisions: Zacks Research cut multiple near‑term and full‑year EPS estimates (Q1, Q2, Q3 2027 and FY2026/FY2027), trimming FY2027 from $18.30 to $17.58 and lowering several quarterly forecasts — a signal that some sell‑side views are becoming more cautious about growth/operating trends, which may pressure sentiment if revisions continue.
• Negative Sentiment: Insider transaction: A report shows Rep. Gilbert Ray Cisneros, Jr. sold PSA shares. While single insider sales aren’t uncommon and aren’t definitive on company fundamentals, such filings can be read negatively by some investors until context (size, timing) is known. Rep. Gilbert Ray Cisneros, Jr. Sells Public Storage (NYSE:PSA) Stock

About Public Storage

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.