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 equities research analysts at Royal Bank Of Canada in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $318.00 price objective on the real estate investment trust’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 6.10% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Barclays raised their price target on shares of Public Storage from $350.00 to $351.00 and gave the company an “equal weight” rating in a research note on Thursday, September 10th. JPMorgan Chase & Co. lowered their price objective on shares of Public Storage from $338.00 to $330.00 and set a “neutral” rating for the company in a research report on Monday, September 21st. Weiss Ratings downgraded shares of Public Storage from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Mizuho raised their target price on shares of Public Storage from $316.00 to $319.00 and gave the company a “neutral” rating in a research report on Wednesday, September 2nd. Finally, Scotiabank decreased their target price on shares of Public Storage from $346.00 to $343.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, September 2nd. Seven research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $323.42.

Public Storage Price Performance

Shares of NYSE PSA traded up $4.02 during trading hours on Tuesday, hitting $299.71. 25,824 shares of the stock were exchanged, compared to its average volume of 1,056,446. The company’s fifty day simple moving average is $301.07 and its two-hundred day simple moving average is $307.68. The company has a market cap of $52.64 billion, a PE ratio of 28.60, a price-to-earnings-growth ratio of 4.45 and a beta of 0.94. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.66 and a current ratio of 0.66. Public Storage has a 1-year low of $256.54 and a 1-year high of $335.55.

Public Storage (NYSE:PSA) last issued its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $1.64. The company 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 for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the company posted $4.28 EPS. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. On average, sell-side analysts predict that Public Storage will post 16.93 EPS for the current year.

Insider Activity

In related news, insider Nathaniel A. Vitan sold 1,414 shares of the firm’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 value of $463,127.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 11.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Public Storage

Large investors have recently modified their holdings of the business. V Square Quantitative Management LLC boosted its holdings in Public Storage by 2.2% in the first quarter. V Square Quantitative Management LLC now owns 1,546 shares of the real estate investment trust’s stock valued at $419,000 after purchasing an additional 34 shares during the last quarter. Nilsine Partners LLC raised its stake 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 buying an additional 34 shares during the last quarter. Gryphon Financial Partners LLC raised its stake in shares of 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 valued at $385,000 after buying an additional 36 shares during the last quarter. Chesapeake Capital Corp IL lifted its holdings in shares of Public Storage by 1.3% in the 2nd quarter. Chesapeake Capital Corp IL now owns 2,994 shares of the real estate investment trust’s stock valued at $953,000 after buying an additional 38 shares during the period. Finally, Azzad Asset Management Inc. ADV lifted its holdings in shares of 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 buying an additional 39 shares during the period. 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.