Brokerages Set Public Storage (NYSE:PSA) Price Target at $314.33

Shares of Public Storage (NYSE:PSA) have earned a consensus recommendation of “Hold” from the twenty brokerages that are presently covering the firm, MarketBeat.com reports. Twelve investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $316.0556.

PSA has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price target on Public Storage from $295.00 to $291.00 and set a “neutral” rating on the stock in a research report on Monday, March 23rd. William Blair set a $305.00 price target on Public Storage in a research report on Monday, March 16th. Royal Bank Of Canada upped their price target on Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 29th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $341.00 price target on shares of Public Storage in a research report on Wednesday, April 29th. Finally, Mizuho upped their price target on Public Storage from $301.00 to $316.00 and gave the company a “neutral” rating in a research report on Wednesday.

Public Storage Stock Up 0.1%

Shares of NYSE:PSA opened at $304.01 on Monday. The company has a market capitalization of $53.37 billion, a PE ratio of 31.37, a price-to-earnings-growth ratio of 4.14 and a beta of 0.98. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.56 and a quick ratio of 0.56. The business has a fifty day moving average price of $294.80 and a two-hundred day moving average price of $286.00. Public Storage has a 1 year low of $256.54 and a 1 year high of $313.51.

Public Storage (NYSE:PSA) last issued its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the prior year, the firm earned $4.12 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Analysts forecast that Public Storage will post 16.9 earnings per share for the current year.

Public Storage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, June 15th. Public Storage’s dividend payout ratio is currently 123.84%.

Institutional Trading of Public Storage

A number of institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC lifted its holdings in Public Storage by 2.2% during the 1st quarter. V Square Quantitative Management LLC now owns 1,546 shares of the real estate investment trust’s stock worth $419,000 after purchasing an additional 34 shares in the last quarter. Gryphon Financial Partners LLC lifted its holdings in Public Storage by 2.6% during the 1st quarter. Gryphon Financial Partners LLC now owns 1,423 shares of the real estate investment trust’s stock worth $385,000 after purchasing an additional 36 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Public Storage by 1.7% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,215 shares of the real estate investment trust’s stock worth $575,000 after purchasing an additional 37 shares in the last quarter. Raiffeisen Bank International AG lifted its holdings in Public Storage by 35.2% during the 4th quarter. Raiffeisen Bank International AG now owns 142 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 37 shares in the last quarter. Finally, Doliver Advisors LP lifted its holdings in Public Storage by 1.0% during the 4th quarter. Doliver Advisors LP now owns 4,129 shares of the real estate investment trust’s stock worth $1,071,000 after purchasing an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 78.79% of the company’s stock.

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.