Public Storage (NYSE:PSA) Given New $338.00 Price Target at JPMorgan Chase & Co.

Public Storage (NYSE:PSA) had its target price increased by research analysts at JPMorgan Chase & Co. from $291.00 to $338.00 in a research note issued on Thursday,MarketScreener reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 3.45% from the company’s current price.

Several other equities research analysts have also issued reports on PSA. Jefferies Financial Group lifted their price target on Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. BNP Paribas Exane boosted their target price on shares of Public Storage from $331.00 to $335.00 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Public Storage in a research note on Tuesday, April 21st. William Blair set a $305.00 target price on shares of Public Storage in a research report on Monday, March 16th. Finally, Wall Street Zen upgraded Public Storage from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $319.28.

Public Storage Trading Up 0.6%

Public Storage stock traded up $2.02 during midday trading on Thursday, reaching $326.73. The stock had a trading volume of 170,031 shares, compared to its average volume of 1,123,490. Public Storage has a twelve month low of $256.54 and a twelve month high of $331.79. 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 firm has a market cap of $57.36 billion, a price-to-earnings ratio of 33.78, a PEG ratio of 4.41 and a beta of 0.98. The firm’s fifty day simple moving average is $302.35 and its two-hundred day simple moving average is $288.50.

Public Storage (NYSE:PSA) last posted its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $1.22 billion. During the same period in the previous year, the firm earned $4.12 earnings per share. Public Storage’s quarterly revenue was down .1% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Equities analysts anticipate that Public Storage will post 16.92 EPS for the current fiscal year.

Institutional Trading of Public Storage

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