Public Storage (NYSE:PSA) Given New $355.00 Price Target at Jefferies Financial Group

Public Storage (NYSE:PSA) had its price target increased by equities researchers at Jefferies Financial Group from $350.00 to $355.00 in a research note issued to investors on Wednesday,MarketScreener reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 16.01% from the company’s current price.

Several other brokerages have also recently weighed in on PSA. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Public Storage in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft lowered shares of Public Storage from a “buy” rating to a “hold” rating and set a $285.00 price objective on the stock. in a research report on Tuesday, January 20th. Bank of America downgraded 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. Wells Fargo & Company lowered shares of Public Storage from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $330.00 to $295.00 in a research note on Thursday, February 5th. Finally, JPMorgan Chase & Co. cut their price target on shares of Public Storage from $295.00 to $291.00 and set a “neutral” rating on the stock in a research report on Monday, March 23rd. Two 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $313.22.

Public Storage Stock Up 2.9%

Shares of PSA traded up $8.55 during midday trading on Wednesday, hitting $306.02. The stock had a trading volume of 172,907 shares, compared to its average volume of 1,157,680. The firm has a market cap of $53.72 billion, a price-to-earnings ratio of 31.56, a price-to-earnings-growth ratio of 4.04 and a beta of 1.00. The company has a 50 day simple moving average of $293.18 and a two-hundred day simple moving average of $284.40. Public Storage has a twelve month low of $256.54 and a twelve month 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.

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

Institutional Trading of Public Storage

Institutional investors and hedge funds have recently bought and sold shares of the business. V Square Quantitative Management LLC lifted its position in shares of Public Storage by 2.2% in the first quarter. V Square Quantitative Management LLC now owns 1,546 shares of the real estate investment trust’s stock valued at $419,000 after buying an additional 34 shares during the last quarter. Gryphon Financial Partners LLC lifted 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 valued at $385,000 after purchasing an additional 36 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. boosted its position in Public Storage by 1.7% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,215 shares of the real estate investment trust’s stock worth $575,000 after purchasing an additional 37 shares during the period. Raiffeisen Bank International AG increased its holdings in shares of Public Storage by 35.2% in the fourth quarter. Raiffeisen Bank International AG now owns 142 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 37 shares during the last quarter. Finally, Doliver Advisors LP raised its position in shares of Public Storage by 1.0% in the fourth quarter. Doliver Advisors LP now owns 4,129 shares of the real estate investment trust’s stock valued at $1,071,000 after purchasing an additional 39 shares during the period. Institutional investors 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.