Public Storage (NYSE:PSA) Receives Average Rating of “Hold” from Brokerages

Public Storage (NYSE:PSA) has been given an average recommendation of “Hold” by the twenty research firms that are presently covering the stock, MarketBeat.com reports. Twelve equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $314.3333.

PSA has been the topic of several research analyst reports. UBS Group upped their target price on shares of Public Storage from $276.00 to $314.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Barclays lowered their target price on shares of Public Storage from $352.00 to $349.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. BMO Capital Markets restated a “market perform” rating on shares of Public Storage in a research note on Monday, March 16th. Scotiabank upped their target price on shares of Public Storage from $321.00 to $340.00 in a research note on Monday, May 11th. Finally, Evercore set a $306.00 target price on shares of Public Storage in a research note on Monday, May 4th.

Hedge Funds Weigh In On Public Storage

Several hedge funds and other institutional investors have recently bought and sold shares of PSA. Segall Bryant & Hamill LLC bought a new position in shares of Public Storage in the 1st quarter worth approximately $400,000. CTC Alternative Strategies Ltd. bought a new position in shares of Public Storage in the 1st quarter worth approximately $390,000. Western Wealth Management LLC bought a new position in shares of Public Storage in the 1st quarter worth approximately $139,000. Anson Funds Management LP bought a new position in shares of Public Storage in the 1st quarter worth approximately $6,257,000. Finally, Kentucky Retirement Systems lifted its stake in shares of Public Storage by 20.3% in the 1st quarter. Kentucky Retirement Systems now owns 11,933 shares of the real estate investment trust’s stock worth $3,232,000 after purchasing an additional 2,017 shares during the period. Institutional investors own 78.79% of the company’s stock.

Public Storage Trading Down 0.1%

NYSE:PSA opened at $304.96 on Monday. The company’s 50 day moving average price is $293.18 and its 200-day moving average price is $284.94. Public Storage has a 52 week low of $256.54 and a 52 week high of $313.51. 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 stock has a market cap of $53.54 billion, a price-to-earnings ratio of 31.47, a PEG ratio of 4.17 and a beta of 1.00.

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

Public Storage Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $3.00 per share. The ex-dividend date is Monday, June 15th. This represents a $12.00 annualized dividend and a yield of 3.9%. Public Storage’s dividend payout ratio is currently 123.84%.

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.