Public Storage (NYSE:PSA) Reaches New 12-Month High – Should You Buy?

Public Storage (NYSE:PSA)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $332.50 and last traded at $332.5630, with a volume of 106925 shares traded. The stock had previously closed at $324.02.

More Public Storage News

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

• Positive Sentiment: Public Storage raised its 2026 Core FFO outlook to $16.75–$17.05 per share, compared with the analyst consensus of $16.94. The higher guidance signals confidence in the company’s earnings outlook. Public Storage Reports Second Quarter 2026 Results and Raises Guidance
• Positive Sentiment: Second-quarter net income rose 44.9% year over year to $2.55 per diluted share, while total revenue reached $1.23 billion, broadly matching expectations. The company also expanded through the $1.2 billion agreement to acquire Public Storage Canada and the completed all-stock merger with National Storage Affiliates, creating a portfolio of more than 4,500 locations. Public Storage Raises 2026 Guidance After $503 Million Q2 Profit
• Neutral Sentiment: Public Storage acquired 20 facilities during the quarter for $222.5 million, adding 1.5 million net rentable square feet. These investments support long-term growth but also increase the company’s capital and integration requirements.
• Negative Sentiment: Core FFO, the key REIT performance measure, was $4.17 per share, below the $4.25 consensus estimate and down from $4.28 a year earlier. This likely weighs more heavily on investors than the headline net-income beat. Public Storage Q2 FFO Miss Estimates
• Negative Sentiment: Same-store revenue declined 0.6% and same-store net operating income fell 2.2%, while overall quarterly revenue was essentially flat to slightly lower year over year. The results indicate continued pressure on organic storage demand and pricing.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Raymond James Financial began coverage on shares of Public Storage in a report on Thursday, July 16th. They issued a “market perform” rating for the company. Mizuho increased their price target on shares of Public Storage from $301.00 to $316.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Royal Bank Of Canada boosted their price objective on shares of Public Storage from $301.00 to $305.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 29th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $341.00 price objective on shares of Public Storage in a research report on Wednesday, April 29th. Finally, Wall Street Zen upgraded Public Storage from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Seven equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $325.37.

Public Storage Stock Down 0.4%

The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.02. The firm has a market cap of $57.80 billion, a P/E ratio of 33.98, a PEG ratio of 4.44 and a beta of 0.96. The company’s 50 day simple moving average is $317.11 and its 200-day simple moving average is $301.39.

Public Storage (NYSE:PSA) last announced its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter last year, the firm posted $4.12 EPS. The business’s quarterly revenue was down .1% compared to the same quarter last year. Research analysts forecast that Public Storage will post 16.94 earnings per share for the current fiscal year.

Public Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $3.00 per share. The ex-dividend date was Monday, June 15th. This represents a $12.00 dividend on an annualized basis and a yield of 3.6%. Public Storage’s dividend payout ratio is 123.84%.

Insider Transactions at Public Storage

In other Public Storage news, insider Nathaniel A. Vitan sold 950 shares of Public Storage stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $324.81, for a total value of $308,569.50. Following the completion of the sale, the insider owned 1,414 shares of the company’s stock, valued at approximately $459,281.34. The trade was a 40.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 11.10% of the company’s stock.

Hedge Funds Weigh In On Public Storage

Institutional investors and hedge funds have recently modified their holdings of the company. Norges Bank purchased a new stake in Public Storage during the fourth quarter valued at $1,163,751,000. Capital International Investors boosted its position in Public Storage by 821.4% in the fourth quarter. Capital International Investors now owns 4,134,996 shares of the real estate investment trust’s stock worth $1,073,032,000 after purchasing an additional 3,686,211 shares during the last quarter. Vanguard Group Inc. boosted its position in Public Storage by 9.9% in the fourth quarter. Vanguard Group Inc. now owns 25,343,098 shares of the real estate investment trust’s stock worth $6,576,534,000 after purchasing an additional 2,274,397 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Public Storage by 287.7% during the 4th quarter. First Trust Advisors LP now owns 721,588 shares of the real estate investment trust’s stock valued at $187,252,000 after purchasing an additional 535,465 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of Public Storage by 498.7% during the 2nd quarter. AQR Capital Management LLC now owns 578,491 shares of the real estate investment trust’s stock valued at $166,970,000 after purchasing an additional 481,872 shares during the period. 78.79% of the stock is currently 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.