Public Storage’s (PSA) “Sector Perform” Rating Reiterated at Royal Bank Of Canada

Public Storage (NYSE:PSA)‘s stock had its “sector perform” rating reaffirmed by research analysts at Royal Bank Of Canada in a report issued on Tuesday, Benzinga reports. They currently have a $318.00 target price on the real estate investment trust’s stock. Royal Bank Of Canada‘s price target suggests a potential upside of 2.95% from the stock’s current price.

Several other equities research analysts have also recently weighed in on PSA. Scotiabank decreased their target price on Public Storage from $346.00 to $343.00 and set a “sector outperform” rating for the company in a research note on Wednesday, September 2nd. Wells Fargo & Company set a $311.00 price target on shares of Public Storage in a research note on Tuesday, September 1st. Truist Financial initiated coverage on shares of Public Storage in a report on Friday, October 2nd. They set a “buy” rating and a $317.00 price objective on the stock. Mizuho boosted their price objective on shares of Public Storage from $316.00 to $319.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 2nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Public Storage from $338.00 to $330.00 and set a “neutral” rating for the company in a report on Monday, September 21st. Seven research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $323.42.

Public Storage Price Performance

PSA opened at $308.90 on Tuesday. The stock’s 50-day moving average price is $299.70 and its 200 day moving average price is $308.18. Public Storage has a 12-month low of $256.54 and a 12-month high of $335.55. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.06. The firm has a market cap of $54.25 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 4.45 and a beta of 0.94.

Public Storage (NYSE:PSA) last posted its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $1.64. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. Public Storage had a return on equity of 40.98% and a net margin of 41.80%. The company’s revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.28 earnings per share. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. As a group, sell-side analysts expect that Public Storage will post 16.93 earnings per share for the current year.

Insider Buying and Selling at Public Storage

In related news, insider Nathaniel A. Vitan sold 1,414 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $327.53, for a total transaction of $463,127.42. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 11.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Public Storage

Institutional investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC raised its stake in shares of Public Storage by 2.2% in the 1st quarter. V Square Quantitative Management LLC now owns 1,546 shares of the real estate investment trust’s stock valued at $419,000 after acquiring an additional 34 shares during the period. Nilsine Partners LLC lifted its holdings in shares of Public Storage by 2.9% during the 2nd quarter. Nilsine Partners LLC now owns 1,211 shares of the real estate investment trust’s stock valued at $385,000 after acquiring an additional 34 shares in the last quarter. Gryphon Financial Partners LLC boosted its position 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 during the period. Chesapeake Capital Corp IL boosted its position in Public Storage by 1.3% during the 2nd quarter. Chesapeake Capital Corp IL now owns 2,994 shares of the real estate investment trust’s stock worth $953,000 after purchasing an additional 38 shares during the period. Finally, Azzad Asset Management Inc. ADV increased its holdings in Public Storage by 0.7% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 5,358 shares of the real estate investment trust’s stock valued at $1,451,000 after purchasing an additional 39 shares in the last quarter. 78.79% of the stock is currently owned by hedge funds and other institutional investors.

About Public Storage

Public Storage (NYSE: PSA) is a real estate investment trust focused on the ownership, operation and development of self-storage facilities. The company rents storage units to residential and business customers, offering solutions for household belongings, commercial inventory, records, vehicles and other personal property. Many locations provide features such as climate-controlled units, electronic access, online reservations and moving and packing supplies.

Founded in 1972, Public Storage has grown into one of the largest self-storage operators in the United States.