Evercore ISI Lowers Public Storage (NYSE:PSA) Price Target to $305.00

Public Storage (NYSE:PSA) had its price objective cut by equities researchers at Evercore ISI from $309.00 to $305.00 in a research note issued on Monday,MarketScreener reports. Evercore ISI’s target price points to a potential upside of 3.94% from the stock’s previous close.

A number of other analysts have also weighed in on PSA. Royal Bank Of Canada lowered their target price on Public Storage from $309.00 to $307.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of Public Storage in a research note on Wednesday, October 8th. UBS Group dropped 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. Wells Fargo & Company boosted their target price on shares of Public Storage from $320.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Finally, Morgan Stanley started coverage on shares of Public Storage in a research report on Friday, December 5th. They set an “equal weight” rating and a $290.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $315.56.

Public Storage Stock Up 2.0%

Public Storage stock traded up $5.67 during midday trading on Monday, hitting $293.44. 1,192,622 shares of the company’s stock were exchanged, compared to its average volume of 1,138,151. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.45 and a current ratio of 0.45. The company has a market cap of $51.49 billion, a PE ratio of 30.47, a P/E/G ratio of 6.82 and a beta of 1.01. The firm has a 50-day moving average of $269.59 and a two-hundred day moving average of $282.61. Public Storage has a 12 month low of $256.54 and a 12 month high of $322.49.

Public Storage (NYSE:PSA) last posted its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $4.31 EPS for the quarter, beating the consensus estimate of $4.24 by $0.07. Public Storage had a net margin of 39.53% and a return on equity of 36.09%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the business posted $4.20 EPS. The company’s quarterly revenue was down 5.4% compared to the same quarter last year. Public Storage has set its FY 2025 guidance at 16.700-17.000 EPS. As a group, analysts expect that Public Storage will post 16.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PSA. Norges Bank purchased a new stake in shares of Public Storage during the second quarter valued at $1,153,971,000. Vanguard Group Inc. raised its stake in Public Storage by 10.8% in the 3rd quarter. Vanguard Group Inc. now owns 23,068,701 shares of the real estate investment trust’s stock worth $6,663,394,000 after acquiring an additional 2,253,225 shares during the last quarter. AQR Capital Management LLC lifted its position in Public Storage by 498.7% during the 2nd quarter. AQR Capital Management LLC now owns 578,491 shares of the real estate investment trust’s stock worth $166,970,000 after acquiring an additional 481,872 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Public Storage during the 2nd quarter valued at about $94,297,000. Finally, Centersquare Investment Management LLC increased its holdings in shares of Public Storage by 38.0% in the third quarter. Centersquare Investment Management LLC now owns 1,145,607 shares of the real estate investment trust’s stock valued at $330,909,000 after purchasing an additional 315,370 shares during the period. Institutional investors and hedge funds own 78.79% of the company’s stock.

Key Stories 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.