Analysts Set Public Storage (NYSE:PSA) Target Price at $327.00

Public Storage (NYSE:PSA) has earned an average recommendation of “Hold” from the twenty-one brokerages that are currently covering the company, Marketbeat.com 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 price objective among brokers that have covered the stock in the last year is $327.00.

A number of equities research analysts have issued reports on PSA shares. BNP Paribas Exane raised their price target on shares of Public Storage from $331.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. Mizuho upped their price objective on shares of Public Storage from $316.00 to $319.00 and gave the company a “neutral” rating in a research note on Wednesday, September 2nd. Jefferies Financial Group increased their target price on shares of Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Wells Fargo & Company set a $311.00 target price on Public Storage in a research note on Tuesday, September 1st. Finally, Raymond James Financial began coverage on Public Storage in a report on Thursday, July 16th. They set a “market perform” rating on the stock.

Public Storage Price Performance

Shares of Public Storage stock opened at $301.43 on Wednesday. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.66 and a quick ratio of 0.66. Public Storage has a one year low of $256.54 and a one year high of $335.55. The business’s 50 day simple moving average is $319.83 and its two-hundred day simple moving average is $307.88. The stock has a market capitalization of $52.94 billion, a P/E ratio of 28.76, a price-to-earnings-growth ratio of 4.11 and a beta of 0.95.

Public Storage (NYSE:PSA) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter last year, the business earned $4.28 earnings per share. The business’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. Analysts forecast that Public Storage will post 16.93 EPS for the current year.

Public Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 15th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Tuesday, September 15th. Public Storage’s dividend payout ratio (DPR) is currently 114.50%.

Insider Activity

In other news, insider Nathaniel A. Vitan sold 1,414 shares of the business’s 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 legal filing with the SEC, which is available through the SEC website. Company insiders own 11.10% of the company’s stock.

Institutional Trading of Public Storage

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC boosted its stake in shares of Public Storage by 13.3% during the 1st quarter. Empowered Funds LLC now owns 3,186 shares of the real estate investment trust’s stock valued at $954,000 after purchasing an additional 373 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Public Storage in the second quarter worth about $929,000. Nebula Research & Development LLC purchased a new stake in Public Storage in the second quarter worth about $1,113,000. Treasurer of the State of North Carolina lifted its holdings in Public Storage by 1.9% in the second quarter. Treasurer of the State of North Carolina now owns 73,774 shares of the real estate investment trust’s stock worth $21,647,000 after buying an additional 1,390 shares during the period. Finally, Ieq Capital LLC lifted its holdings in Public Storage by 219.8% in the second quarter. Ieq Capital LLC now owns 48,190 shares of the real estate investment trust’s stock worth $14,140,000 after buying an additional 33,122 shares during the period. Hedge funds and other institutional investors own 78.79% of the company’s stock.

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.