Public Storage (NYSE:PSA) Price Target Raised to $314.00 at UBS Group

Public Storage (NYSE:PSA) had its price target hoisted by analysts at UBS Group from $276.00 to $314.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. UBS Group’s target price would indicate a potential upside of 6.64% from the company’s current price.

Several other brokerages have also recently commented on PSA. Bank of America cut shares of Public Storage from a “buy” rating to a “neutral” rating and set a $310.00 target price for the company. in a research report on Thursday, February 5th. Royal Bank Of Canada raised their price target on Public Storage from $301.00 to $305.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 29th. Wells Fargo & Company downgraded Public Storage from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $330.00 to $295.00 in a report on Thursday, February 5th. William Blair set a $305.00 target price on Public Storage in a research note on Monday, March 16th. Finally, Evercore set a $306.00 target price on Public Storage in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $312.94.

Public Storage Price Performance

Shares of NYSE:PSA traded up $1.99 during trading on Monday, reaching $294.46. The stock had a trading volume of 58,345 shares, compared to its average volume of 1,163,194. The stock has a market capitalization 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 company has a debt-to-equity ratio of 2.02, a current ratio of 0.56 and a quick ratio of 0.56. Public Storage has a 52 week low of $256.54 and a 52 week high of $313.51. The business’s 50-day moving average price is $293.61 and its 200 day moving average price is $284.36.

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. 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 analyst estimates of $1.22 billion. During the same quarter in the prior year, the firm earned $4.12 EPS. The company’s revenue was down .1% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, equities analysts predict that Public Storage will post 16.89 earnings per share for the current year.

Institutional Inflows and Outflows

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