Jefferies Financial Group Forecasts Strong Price Appreciation for Public Storage (NYSE:PSA) Stock

Public Storage (NYSE:PSA) had its target price lifted by equities researchers at Jefferies Financial Group from $330.00 to $350.00 in a research note issued to investors on Thursday,MarketScreener reports. Jefferies Financial Group’s target price would indicate a potential upside of 12.52% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Wells Fargo & Company lowered shares of Public Storage from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $330.00 to $295.00 in a research note on Thursday, February 5th. Evercore set a $306.00 target price on shares of Public Storage in a research note on Monday. JPMorgan Chase & Co. reduced their target price 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. Deutsche Bank Aktiengesellschaft lowered shares of Public Storage from a “buy” rating to a “hold” rating and set a $285.00 target price on the stock. in a research note on Tuesday, January 20th. Finally, Scotiabank raised their target price on shares of Public Storage from $319.00 to $321.00 and gave the company a “sector outperform” rating in a research note on Monday, March 23rd. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $309.78.

Public Storage Stock Up 0.6%

Shares of NYSE:PSA opened at $311.05 on Thursday. Public Storage has a 12 month low of $256.54 and a 12 month high of $313.51. The company’s 50-day moving average price is $293.68 and its two-hundred day moving average price is $284.41. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.02. The firm has a market cap of $54.60 billion, a P/E ratio of 32.10, a P/E/G ratio of 4.22 and a beta of 1.00.

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

Institutional Trading of Public Storage

A number of hedge funds have recently modified their holdings of the company. V Square Quantitative Management LLC raised its holdings in Public Storage by 2.2% during the 1st quarter. V Square Quantitative Management LLC now owns 1,546 shares of the real estate investment trust’s stock worth $419,000 after buying an additional 34 shares during the period. Gryphon Financial Partners LLC raised its holdings in Public Storage by 2.6% during the 1st quarter. Gryphon Financial Partners LLC now owns 1,423 shares of the real estate investment trust’s stock worth $385,000 after buying an additional 36 shares during the period. CoreCap Advisors LLC raised its holdings in Public Storage by 7.0% during the 3rd quarter. CoreCap Advisors LLC now owns 568 shares of the real estate investment trust’s stock worth $164,000 after buying an additional 37 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its holdings in Public Storage by 1.7% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,215 shares of the real estate investment trust’s stock worth $575,000 after buying an additional 37 shares during the period. Finally, Raiffeisen Bank International AG raised its holdings in Public Storage by 35.2% during the 4th quarter. Raiffeisen Bank International AG now owns 142 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 37 shares during the period. 78.79% of the stock is currently owned by institutional investors and hedge funds.

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.