Public Storage (NYSE:PSA) Given New $319.00 Price Target at Mizuho

Public Storage (NYSE:PSA) had its price objective hoisted by Mizuho from $316.00 to $319.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Mizuho’s target price suggests a potential upside of 5.55% from the company’s current price.

Several other research analysts also recently weighed in on PSA. Evercore set a $316.00 price target on Public Storage in a research note on Monday, July 6th. Raymond James Financial began coverage on Public Storage in a research note on Thursday, July 16th. They issued a “market perform” rating on the stock. BMO Capital Markets upped their price objective on shares of Public Storage from $305.00 to $340.00 and gave the company a “market perform” rating in a report on Monday, June 15th. Wells Fargo & Company set a $311.00 target price on shares of Public Storage in a research report on Tuesday. Finally, Weiss Ratings upgraded shares of Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 12th. Seven equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, Public Storage has an average rating of “Hold” and a consensus price target of $327.16.

Public Storage Stock Down 1.6%

PSA opened at $302.23 on Wednesday. The company’s 50-day moving average price is $321.71 and its two-hundred day moving average price is $307.78. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.06. Public Storage has a twelve month low of $256.54 and a twelve month high of $335.55. The stock has a market cap of $53.08 billion, a price-to-earnings ratio of 28.84, a PEG ratio of 3.62 and a beta of 0.95.

Public Storage (NYSE:PSA) last announced its quarterly earnings data on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share for the quarter, beating the consensus estimate of $2.53 by $1.64. Public Storage had a return on equity of 40.98% and a net margin of 41.80%.The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the company earned $4.28 earnings per share. Public Storage’s revenue was down .5% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. As a group, equities analysts expect that Public Storage will post 16.93 earnings per share for the current year.

Insider Buying and Selling at Public Storage

In related news, insider Nathaniel A. Vitan sold 1,414 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $327.53, for a total transaction of $463,127.42. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 11.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Bruce G. Allen Investments LLC increased its position in shares of Public Storage by 89.6% during the second quarter. Bruce G. Allen Investments LLC now owns 91 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 43 shares during the period. Continuum Advisory LLC bought a new position in shares of Public Storage in the second quarter valued at approximately $29,000. Harvest Fund Management Co. Ltd bought a new position in shares of Public Storage in the third quarter valued at approximately $27,000. Bayban purchased a new position in Public Storage during the fourth quarter valued at approximately $26,000. Finally, Meeder Asset Management Inc. purchased a new position in Public Storage during the second quarter valued at approximately $36,000. Hedge funds and other 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.