Brokerages Set Public Storage (NYSE:PSA) Target Price at $326.05

Public Storage (NYSE:PSA) has been assigned a consensus rating of “Hold” from the twenty-one ratings firms that are presently covering the company, Marketbeat.com reports. Fourteen analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $326.0526.

PSA has been the subject of a number of research analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $341.00 target price on shares of Public Storage in a research report on Wednesday, April 29th. BNP Paribas Exane raised their price target on Public Storage from $331.00 to $335.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd. Royal Bank Of Canada lifted their price objective on Public Storage from $305.00 to $318.00 and gave the company a “sector perform” rating in a report on Friday, July 31st. Wall Street Zen raised shares of Public Storage from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Jefferies Financial Group increased their target price on shares of Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th.

Public Storage Stock Performance

Shares of NYSE:PSA opened at $325.99 on Friday. The firm’s 50 day simple moving average is $322.15 and its 200-day simple moving average is $304.57. 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 one year low of $256.54 and a one year high of $335.55. The firm has a market cap of $57.25 billion, a PE ratio of 31.11, a price-to-earnings-growth ratio of 3.87 and a beta of 0.96.

Public Storage (NYSE:PSA) last announced its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $1.64. Public Storage had a return on equity of 40.98% and a net margin of 41.80%.The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the business earned $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. As a group, equities analysts predict that Public Storage will post 16.93 EPS for the current year.

Public Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $3.00 per share. The ex-dividend date is Tuesday, September 15th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.7%. Public Storage’s dividend payout ratio (DPR) is currently 114.50%.

Insider Activity

In related news, insider Nathaniel A. Vitan sold 1,414 shares of Public Storage stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $327.53, for a total transaction of $463,127.42. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 11.10% of the company’s stock.

Institutional Trading of Public Storage

A number of hedge funds have recently bought and sold shares of PSA. Bruce G. Allen Investments LLC raised its position in shares of Public Storage by 89.6% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 91 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 43 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Public Storage during the third quarter valued at about $27,000. Bayban bought a new stake in Public Storage during the fourth quarter valued at about $26,000. Meeder Asset Management Inc. bought a new position in Public Storage in the second quarter worth about $36,000. Finally, Wealth Watch Advisors INC bought a new position in Public Storage in the third quarter worth about $34,000. Hedge funds and other institutional investors own 78.79% of the company’s stock.

About Public Storage

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.