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

Public Storage (NYSE:PSA)‘s stock had its “sector perform” rating restated by research analysts at Royal Bank Of Canada in a research note issued 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 target price would indicate a potential upside of 5.50% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Wells Fargo & Company set a $311.00 target price on shares of Public Storage in a research note on Tuesday, September 1st. Mizuho increased their price objective on Public Storage from $316.00 to $319.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 2nd. Raymond James Financial initiated coverage on Public Storage in a research note on Thursday, July 16th. They issued a “market perform” rating on the stock. UBS Group dropped their target price on Public Storage from $326.00 to $294.00 and set a “neutral” rating on the stock in a report on Friday. Finally, Scotiabank cut their price target on Public Storage from $346.00 to $343.00 and set a “sector outperform” rating for the company in a research note on Wednesday, September 2nd. Seven investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, Public Storage has a consensus rating of “Hold” and a consensus price target of $323.42.

Public Storage Stock Performance

Shares of Public Storage stock traded up $5.72 during trading on Tuesday, reaching $301.41. The company’s stock had a trading volume of 187,898 shares, compared to its average volume of 1,057,306. The company has a 50-day moving average price of $301.07 and a two-hundred day moving average price of $307.68. Public Storage has a fifty-two week low of $256.54 and a fifty-two week high of $335.55. The firm has a market cap of $52.93 billion, a PE ratio of 28.76, a P/E/G ratio of 4.45 and a beta of 0.94. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.06.

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 for the quarter, topping analysts’ consensus estimates of $2.53 by $1.64. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Public Storage had a net margin of 41.80% and a return on equity of 40.98%. Public Storage’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.28 EPS. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. On average, analysts forecast that Public Storage will post 16.93 EPS for the current year.

Insider Activity

In other news, insider Nathaniel A. Vitan sold 1,414 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $327.53, for a total value of $463,127.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 11.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PSA. BlackRock Inc. purchased a new position in shares of Public Storage in the second quarter valued at $5,495,077,000. Legal & General Group Plc acquired a new position in shares of Public Storage during the 2nd quarter worth $601,650,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Public Storage in the 2nd quarter worth about $558,904,000. Deutsche Bank AG purchased a new stake in shares of Public Storage in the 2nd quarter worth about $400,776,000. Finally, Bank of America Corp DE acquired a new stake in Public Storage in the 2nd quarter valued at about $333,063,000. Institutional investors and hedge funds own 78.79% of the company’s stock.

About Public Storage

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.