Evercore ISI Issues Pessimistic Forecast for Public Storage (NYSE:PSA) Stock Price

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

Several other research firms have also commented on PSA. UBS Group reduced their price target on shares of Public Storage from $293.00 to $276.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Raymond James Financial reduced their target price on Public Storage from $350.00 to $330.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, November 18th. Wall Street Zen lowered Public Storage from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. Barclays set a $331.00 price objective on Public Storage in a research report on Tuesday. Finally, Truist Financial decreased their target price on shares of Public Storage from $320.00 to $315.00 and set a “buy” rating on the stock in a research report on Tuesday, November 25th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Public Storage presently has a consensus rating of “Moderate Buy” and a consensus target price of $315.56.

Public Storage Trading Up 2.0%

Shares of NYSE PSA traded up $5.67 during trading on Monday, hitting $293.44. 1,192,622 shares of the company were exchanged, compared to its average volume of 1,138,151. The company has a fifty day moving average price of $269.59 and a 200-day moving average price of $282.61. 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 firm has a market capitalization of $51.49 billion, a PE ratio of 30.47, a P/E/G ratio of 6.82 and a beta of 1.01. Public Storage has a 12-month low of $256.54 and a 12-month high of $322.49.

Public Storage (NYSE:PSA) last released its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $4.31 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the business earned $4.20 earnings per share. Public Storage’s 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, equities research analysts expect that Public Storage will post 16.7 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new position in Public Storage in the 2nd quarter valued at approximately $1,153,971,000. Vanguard Group Inc. increased its position in shares of Public Storage by 10.8% during the third 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 period. AQR Capital Management LLC raised its stake in shares of Public Storage by 498.7% in the second quarter. AQR Capital Management LLC now owns 578,491 shares of the real estate investment trust’s stock valued at $166,970,000 after acquiring an additional 481,872 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Public Storage in the second quarter valued at $94,297,000. Finally, Centersquare Investment Management LLC boosted its holdings in 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.

Public Storage News Summary

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.