Public Storage (NYSE:PSA) Stock Rating Reaffirmed as “Sector Perform” by Royal Bank Of Canada

Public Storage (NYSE:PSA)‘s stock had its “sector perform” rating reissued by analysts at Royal Bank Of Canada in a research report issued on Tuesday, Benzinga reports. They presently have a $318.00 price target on the real estate investment trust’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 5.64% from the company’s current price.

A number of other research firms also recently weighed in on PSA. Weiss Ratings downgraded shares of Public Storage from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Raymond James Financial initiated coverage on shares of Public Storage in a research report on Thursday, July 16th. They set a “market perform” rating for the company. Mizuho upped their price objective on shares of Public Storage from $316.00 to $319.00 and gave the company a “neutral” rating in a research report on Wednesday, September 2nd. Wells Fargo & Company set a $311.00 price objective on shares of Public Storage in a report on Tuesday, September 1st. Finally, UBS Group decreased their price target on shares of Public Storage from $326.00 to $294.00 and set a “neutral” rating on the stock in a research note on Friday. Seven equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, Public Storage presently has an average rating of “Hold” and a consensus target price of $323.42.

Public Storage Stock Up 1.8%

NYSE:PSA traded up $5.33 during trading hours on Tuesday, hitting $301.02. 158,606 shares of the stock traded hands, compared to its average volume of 1,057,155. The firm has a 50 day moving average price of $301.07 and a 200 day moving average price of $307.68. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.06. Public Storage has a fifty-two week low of $256.54 and a fifty-two week high of $335.55. The firm has a market cap of $52.87 billion, a price-to-earnings ratio of 28.69, a PEG ratio of 4.45 and a beta of 0.94.

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

Insider Transactions at Public Storage

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

Institutional Investors Weigh In On Public Storage

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PSA. BlackRock Inc. bought a new position in shares of Public Storage in the second quarter valued at $5,495,077,000. Dimensional Fund Advisors LP lifted its stake in shares of Public Storage by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,280,540 shares of the real estate investment trust’s stock valued at $617,720,000 after buying an additional 67,787 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Public Storage in the second quarter valued at $601,650,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Public Storage in the second quarter valued at $558,904,000. Finally, Deutsche Bank AG bought a new position in shares of Public Storage in the second quarter valued at $400,776,000. 78.79% of the stock is currently owned by institutional investors and hedge funds.

About Public Storage

Public Storage (NYSE: PSA) is a real estate investment trust focused on the ownership, operation and development of self-storage facilities. The company rents storage units to residential and business customers, offering solutions for household belongings, commercial inventory, records, vehicles and other personal property. Many locations provide features such as climate-controlled units, electronic access, online reservations and moving and packing supplies.

Founded in 1972, Public Storage has grown into one of the largest self-storage operators in the United States.