Mizuho Raises Public Storage (NYSE:PSA) Price Target to $319.00

Public Storage (NYSE:PSA) had its price target increased by equities researchers at Mizuho from $316.00 to $319.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s target price suggests a potential upside of 5.55% from the stock’s current price.

A number of other research analysts also recently weighed in on PSA. Evercore set a $316.00 price target on Public Storage in a research note on Monday, July 6th. JPMorgan Chase & Co. raised their price objective on Public Storage from $291.00 to $338.00 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Jefferies Financial Group boosted their price objective on Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Barclays upped their target price on Public Storage from $349.00 to $350.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 19th. Finally, Wells Fargo & Company set a $311.00 target price on Public Storage in a report on Tuesday. Seven investment 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, Public Storage presently has an average rating of “Hold” and a consensus target price of $327.16.

Public Storage Trading Down 1.6%

NYSE:PSA opened at $302.23 on Wednesday. Public Storage has a 12 month low of $256.54 and a 12 month high of $335.55. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.06. The stock has a market capitalization of $53.08 billion, a price-to-earnings ratio of 28.84, a PEG ratio of 3.62 and a beta of 0.95. The firm has a fifty day simple moving average of $321.71 and a two-hundred day simple moving average of $307.78.

Public Storage (NYSE:PSA) last announced its quarterly earnings data 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. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. Public Storage had a net margin of 41.80% and a return on equity of 40.98%. The business’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 earnings per share. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. Analysts expect that Public Storage will post 16.93 EPS for the current fiscal year.

Insider Buying and Selling at Public Storage

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 stock was sold at an average price of $327.53, for a total transaction of $463,127.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 11.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Public Storage

A number of institutional investors and hedge funds have recently bought and sold shares of PSA. Bruce G. Allen Investments LLC lifted its position in shares of Public Storage by 89.6% during the second quarter. Bruce G. Allen Investments LLC now owns 91 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 43 shares in the last quarter. Continuum Advisory LLC bought a new stake in Public Storage in the 2nd quarter worth about $29,000. Harvest Fund Management Co. Ltd bought a new stake in Public Storage in the 3rd quarter worth about $27,000. Bayban purchased a new stake in Public Storage in the 4th quarter valued at about $26,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Public Storage during the 2nd quarter worth approximately $36,000. 78.79% of the stock is owned by hedge funds and other 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.