Public Storage’s (PSA) Sector Perform Rating Reaffirmed at Royal Bank Of Canada

Public Storage (NYSE:PSA)‘s stock had its “sector perform” rating restated by investment analysts at Royal Bank Of Canada in a research report issued on Tuesday, Benzinga reports. They presently have a $318.00 price target on the real estate investment trust’s stock. Royal Bank Of Canada‘s price target points to a potential upside of 5.36% from the company’s previous close.

Other analysts also recently issued research reports about the company. Wells Fargo & Company set a $311.00 price objective on Public Storage in a research note on Tuesday, September 1st. Truist Financial initiated coverage on shares of Public Storage in a research note on Friday, October 2nd. They set a “buy” rating and a $317.00 price target on the stock. Weiss Ratings lowered shares of Public Storage from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. UBS Group dropped their price objective on shares of Public Storage from $326.00 to $294.00 and set a “neutral” rating for the company in a research note on Friday. Finally, Barclays boosted their target price on shares of Public Storage from $350.00 to $351.00 and gave the stock an “equal weight” rating in a report on Thursday, September 10th. Seven equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $323.42.

Public Storage Price Performance

Shares of PSA stock traded up $6.12 during mid-day trading on Tuesday, hitting $301.81. The company had a trading volume of 646,403 shares, compared to its average volume of 1,059,635. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.66 and a quick ratio of 0.66. The stock’s 50 day moving average price is $301.07 and its 200-day moving average price is $307.68. Public Storage has a 52-week low of $256.54 and a 52-week high of $335.55. The company has a market capitalization of $53.00 billion, a P/E ratio of 28.80, a P/E/G ratio of 4.45 and a beta of 0.94.

Public Storage (NYSE:PSA) last posted its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share for the quarter, beating the consensus estimate of $2.53 by $1.64. Public Storage had a net margin of 41.80% and a return on equity of 40.98%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period last year, the company posted $4.28 earnings per share. Public Storage’s quarterly revenue was down .5% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. Equities research analysts forecast that Public Storage will post 16.93 earnings per share for the current year.

Insider Transactions at Public Storage

In other Public Storage news, insider Nathaniel A. Vitan sold 1,414 shares of Public Storage stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $327.53, for a total transaction of $463,127.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 11.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Public Storage

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC acquired a new position in Public Storage during the 2nd quarter valued at about $195,808,000. Nykredit A S purchased a new stake in Public Storage in the second quarter valued at about $17,378,000. PensionDanmark Pensionsforsikringsaktieselskab boosted its holdings in Public Storage by 15.6% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 26,610 shares of the real estate investment trust’s stock worth $8,470,000 after acquiring an additional 3,588 shares in the last quarter. Greenland Capital Management LP boosted its stake in Public Storage by 300.0% in the 2nd quarter. Greenland Capital Management LP now owns 6,600 shares of the real estate investment trust’s stock worth $2,101,000 after purchasing an additional 4,950 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its stake in shares of Public Storage by 25.3% during the second quarter. Benjamin Edwards Inc. now owns 16,577 shares of the real estate investment trust’s stock worth $5,277,000 after buying an additional 3,343 shares during the period. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Public Storage Company Profile

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.