The Goldman Sachs Group Lowers Public Storage (NYSE:PSA) Price Target to $321.00

Public Storage (NYSE:PSA) had its price objective decreased by The Goldman Sachs Group from $332.00 to $321.00 in a report issued on Thursday,MarketScreener reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. The Goldman Sachs Group’s price objective would suggest a potential upside of 9.39% from the stock’s current price.

PSA has been the topic of a number of other reports. Truist Financial dropped their price target on Public Storage from $320.00 to $315.00 and set a “buy” rating on the stock in a report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft raised Public Storage from a “hold” rating to a “buy” rating and set a $325.00 target price for the company in a research report on Monday, October 13th. Wall Street Zen downgraded shares of Public Storage from a “hold” rating to a “sell” rating in a report on Saturday, January 10th. BNP Paribas Exane decreased their price objective on shares of Public Storage from $329.00 to $315.00 in a report on Tuesday, December 23rd. Finally, Mizuho lowered their price objective on shares of Public Storage from $310.00 to $285.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $315.56.

Public Storage Stock Up 2.0%

Public Storage stock traded up $5.67 during midday trading on Thursday, hitting $293.44. 1,192,622 shares of the stock were exchanged, compared to its average volume of 1,138,151. Public Storage has a 52-week low of $256.54 and a 52-week high of $322.49. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 1.99. The business’s 50-day moving average price is $269.59 and its 200-day moving average price is $282.61. The stock has a market capitalization of $51.49 billion, a price-to-earnings ratio of 30.47, a price-to-earnings-growth ratio of 6.82 and a beta of 1.01.

Public Storage (NYSE:PSA) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $4.31 EPS for the quarter, beating the consensus estimate of $4.24 by $0.07. Public Storage had a net margin of 39.53% and a return on equity of 36.09%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the business posted $4.20 EPS. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. Public Storage has set its FY 2025 guidance at 16.700-17.000 EPS. On average, research analysts expect that Public Storage will post 16.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Public Storage

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSA. Clear Creek Financial Management LLC purchased a new position in Public Storage during the 2nd quarter valued at about $342,000. Vanderbilt University boosted its position in shares of Public Storage by 103.1% in the third quarter. Vanderbilt University now owns 9,112 shares of the real estate investment trust’s stock valued at $2,632,000 after acquiring an additional 4,626 shares during the period. Carnegie Investment Counsel boosted its position in shares of Public Storage by 23.0% in the third quarter. Carnegie Investment Counsel now owns 112,769 shares of the real estate investment trust’s stock valued at $32,573,000 after acquiring an additional 21,073 shares during the period. Diversified Trust Co purchased a new position in Public Storage during the second quarter valued at approximately $418,000. Finally, Baird Financial Group Inc. increased its holdings in Public Storage by 24.3% during the 2nd quarter. Baird Financial Group Inc. now owns 25,424 shares of the real estate investment trust’s stock worth $7,460,000 after acquiring an additional 4,975 shares during the period. Institutional investors own 78.79% of the company’s stock.

Public Storage News Summary

Here are the key news stories impacting Public Storage this week:

• Neutral Sentiment: Valuation/market-note: A recent piece questions whether PSA’s current market price matches discounted‑cash‑flow and P/E valuation signals, providing investors a fresh valuation perspective that can support buying interest if the stock looks cheap relative to DCF/P‑E metrics. Is Public Storage (PSA) Pricing Reflect Its DCF And P/E Valuation Signals Today
• Neutral Sentiment: Dividend tax clarity: Public Storage confirmed that all 2025 distributions (common and preferred series) were classified 100% as ordinary dividends (no capital gain distributions). That removes uncertainty around tax characterization for 2025 payouts and is useful for income investors doing tax planning. Public Storage Announces Tax Treatment of 2025 Dividends
• Negative Sentiment: Analyst downward revisions: Zacks Research cut multiple near‑term and full‑year EPS estimates (Q1, Q2, Q3 2027 and FY2026/FY2027), trimming FY2027 from $18.30 to $17.58 and lowering several quarterly forecasts — a signal that some sell‑side views are becoming more cautious about growth/operating trends, which may pressure sentiment if revisions continue.
• Negative Sentiment: Insider transaction: A report shows Rep. Gilbert Ray Cisneros, Jr. sold PSA shares. While single insider sales aren’t uncommon and aren’t definitive on company fundamentals, such filings can be read negatively by some investors until context (size, timing) is known. Rep. Gilbert Ray Cisneros, Jr. Sells Public Storage (NYSE:PSA) 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.