UBS Group Issues Positive Forecast for Public Storage (NYSE:PSA) Stock Price

Public Storage (NYSE:PSA) had its price objective lifted by equities research analysts at UBS Group from $276.00 to $314.00 in a report issued on Monday,MarketScreener reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. UBS Group’s price target points to a potential upside of 6.64% from the company’s current price.

A number of other equities research analysts have also recently weighed in on the stock. Truist Financial lifted their price objective on shares of Public Storage from $315.00 to $317.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Wolfe Research cut shares of Public Storage from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 26th. Wells Fargo & Company downgraded shares of Public Storage from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $330.00 to $295.00 in a research report on Thursday, February 5th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $341.00 price target on shares of Public Storage in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Public Storage from $295.00 to $291.00 and set a “neutral” rating on the stock in a research note on Monday, March 23rd. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $312.94.

Public Storage Stock Up 0.7%

PSA traded up $1.99 during trading on Monday, hitting $294.46. The company had a trading volume of 58,345 shares, compared to its average volume of 1,163,194. Public Storage has a 1-year low of $256.54 and a 1-year high of $313.51. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.56 and a quick ratio of 0.56. The company has a market cap of $51.69 billion, a PE ratio of 30.42, a P/E/G ratio of 3.99 and a beta of 1.00. The business has a 50-day moving average of $293.61 and a 200-day moving average of $284.36.

Public Storage (NYSE:PSA) last issued its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the business earned $4.12 EPS. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, analysts forecast that Public Storage will post 16.89 earnings per share for the current year.

Institutional Investors Weigh In On Public Storage

Several institutional investors and hedge funds have recently modified their holdings of the business. National Pension Service grew its holdings in shares of Public Storage by 4.2% during the 3rd quarter. National Pension Service now owns 255,300 shares of the real estate investment trust’s stock worth $73,743,000 after purchasing an additional 10,345 shares in the last quarter. J.W. Cole Advisors Inc. raised its stake in shares of Public Storage by 57.5% in the third quarter. J.W. Cole Advisors Inc. now owns 4,974 shares of the real estate investment trust’s stock valued at $1,437,000 after purchasing an additional 1,816 shares in the last quarter. Cornerstone Planning Group LLC lifted its position in Public Storage by 14,992.3% in the third quarter. Cornerstone Planning Group LLC now owns 11,772 shares of the real estate investment trust’s stock worth $3,400,000 after purchasing an additional 11,694 shares during the period. Jones Financial Companies Lllp lifted its position in Public Storage by 19.9% in the third quarter. Jones Financial Companies Lllp now owns 41,094 shares of the real estate investment trust’s stock worth $11,766,000 after purchasing an additional 6,814 shares during the period. Finally, Barclays PLC boosted its stake in Public Storage by 93.8% during the third quarter. Barclays PLC now owns 602,959 shares of the real estate investment trust’s stock worth $174,165,000 after buying an additional 291,895 shares in the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

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.