Jefferies Financial Group Increases Public Storage (NYSE:PSA) Price Target to $355.00

Public Storage (NYSE:PSA) had its price objective increased by equities researchers at Jefferies Financial Group from $350.00 to $355.00 in a research report issued on Wednesday,MarketScreener reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Jefferies Financial Group’s target price suggests a potential upside of 16.01% from the company’s current price.

PSA has been the topic of several other reports. Truist Financial raised their price target on Public Storage from $315.00 to $317.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Wolfe Research downgraded Public Storage from an “outperform” rating to a “peer perform” rating in a report on Monday, January 26th. Wells Fargo & Company lowered Public Storage from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $330.00 to $295.00 in a research note on Thursday, February 5th. JPMorgan Chase & Co. reduced their target price on Public Storage from $295.00 to $291.00 and set a “neutral” rating on the stock in a report on Monday, March 23rd. Finally, UBS Group boosted their target price on Public Storage from $276.00 to $314.00 and gave the stock a “neutral” rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, Public Storage presently has an average rating of “Moderate Buy” and a consensus target price of $313.22.

Public Storage Trading Up 2.9%

Shares of PSA traded up $8.55 on Wednesday, reaching $306.02. 172,907 shares of the company’s stock were exchanged, compared to its average volume of 1,157,680. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02. The stock has a market capitalization of $53.72 billion, a P/E ratio of 31.56, a price-to-earnings-growth ratio of 4.04 and a beta of 1.00. The business has a 50 day moving average price of $293.18 and a two-hundred day moving average price of $284.40. Public Storage has a 12 month low of $256.54 and a 12 month high of $313.51.

Public Storage (NYSE:PSA) last announced its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period last year, the firm earned $4.12 earnings per share. The business’s revenue for the quarter was down .1% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Research analysts anticipate that Public Storage will post 16.89 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd acquired a new stake in shares of Public Storage during the third quarter worth about $27,000. Bayban acquired a new position in shares of Public Storage in the 4th quarter valued at approximately $26,000. Raiffeisen Bank International AG bought a new stake in Public Storage during the 3rd quarter worth approximately $30,000. Wealth Watch Advisors INC acquired a new stake in Public Storage during the 3rd quarter worth approximately $34,000. Finally, Knuff & Co LLC acquired a new stake in Public Storage during the 4th quarter worth approximately $38,000. 78.79% of the stock is currently owned by institutional investors.

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.