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

Public Storage (NYSE:PSA) had its price objective hoisted by analysts at Evercore from $306.00 to $317.00 in a report issued on Monday,MarketScreener reports. Evercore’s price target points to a potential upside of 2.03% from the stock’s current price.

PSA has been the topic of a number of other research reports. Jefferies Financial Group increased their price target on shares of Public Storage from $350.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, May 20th. Scotiabank boosted their price target on shares of Public Storage from $321.00 to $340.00 in a research note on Monday, May 11th. Royal Bank Of Canada raised their price objective on Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of Public Storage in a report on Tuesday, April 21st. Finally, Barclays lowered their target price on Public Storage from $352.00 to $349.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, Public Storage has an average rating of “Hold” and a consensus price target of $316.67.

Public Storage Price Performance

PSA traded up $1.00 during trading on Monday, reaching $310.68. 41,041 shares of the company were exchanged, compared to its average volume of 1,120,324. 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 is $298.08 and its two-hundred day moving average is $287.01. 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 company has a market cap of $54.54 billion, a price-to-earnings ratio of 32.12, a P/E/G ratio of 4.22 and a beta of 0.98.

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, beating the consensus estimate of $2.42 by $0.29. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the company earned $4.12 earnings per share. Public Storage’s revenue for the quarter was down .1% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. Research analysts forecast that Public Storage will post 16.92 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSA. Bayban bought a new stake in Public Storage during the 4th quarter valued at about $26,000. Harvest Fund Management Co. Ltd purchased a new stake in Public Storage during the 3rd quarter valued at $27,000. Raiffeisen Bank International AG purchased a new stake in Public Storage during the 3rd quarter valued at $30,000. Wealth Watch Advisors INC bought a new stake in shares of Public Storage in the 3rd quarter worth $34,000. Finally, Knuff & Co LLC bought a new stake in shares of Public Storage in the 4th quarter worth $38,000. Institutional investors 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.