BNP Paribas Exane Forecasts Strong Price Appreciation for Public Storage (NYSE:PSA) Stock

Public Storage (NYSE:PSA) had its price target upped by research analysts at BNP Paribas Exane from $331.00 to $335.00 in a report released on Friday,MarketScreener reports. The brokerage currently has an “outperform” rating on the real estate investment trust’s stock. BNP Paribas Exane’s target price suggests a potential upside of 9.78% from the company’s previous close.

Other analysts also recently issued reports about the company. Evercore set a $306.00 price target on Public Storage in a research report on Monday, May 4th. Royal Bank Of Canada upped their price objective on Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. decreased their target price on Public Storage from $295.00 to $291.00 and set a “neutral” rating for the company in a research report on Monday, March 23rd. Jefferies Financial Group lifted their target price on Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $341.00 price target on shares of Public Storage in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $314.33.

Public Storage Stock Up 0.1%

Shares of NYSE PSA traded up $0.17 during trading on Friday, hitting $305.16. The stock had a trading volume of 31,992 shares, compared to its average volume of 1,148,333. The firm has a fifty day moving average of $293.08 and a two-hundred day moving average of $284.74. The company has a market capitalization of $53.57 billion, a PE ratio of 31.49, a PEG ratio of 4.14 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 0.56. Public Storage has a 12 month low of $256.54 and a 12 month high of $313.51.

Public Storage (NYSE:PSA) last released its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The firm’s revenue was down .1% on a year-over-year basis. During the same period last year, the firm earned $4.12 earnings per share. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, equities research analysts forecast that Public Storage will post 16.89 EPS for the current fiscal year.

Institutional Trading of Public Storage

Several hedge funds have recently made changes to their positions in PSA. Bayban purchased a new stake in Public Storage in the 4th quarter worth about $26,000. Harvest Fund Management Co. Ltd purchased a new stake in Public Storage during the third quarter valued at about $27,000. Raiffeisen Bank International AG purchased a new stake in Public Storage during the third quarter valued at about $30,000. Wealth Watch Advisors INC bought a new position in Public Storage during the third quarter worth about $34,000. Finally, Knuff & Co LLC bought a new position in Public Storage during the fourth quarter worth about $38,000. 78.79% of the stock is currently owned by 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.