Public Storage’s (PSA) Sector Perform Rating Reiterated at Royal Bank Of Canada

23 Oct 2026, 05:54 by Sarita Garza · The Markets Daily

Royal Bank Of Canada restated their sector perform rating on shares of Public Storage (NYSE:PSA – Free Report) in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a $318.00 price objective on the real estate investment trust’s stock.

Several other research analysts have also commented on PSA. UBS Group reduced their price target on Public Storage from $326.00 to $294.00 and set a “neutral” rating on the stock in a report on Friday, October 16th. Truist Financial initiated coverage on shares of Public Storage in a research note on Friday, October 2nd. They issued a “buy” rating and a $317.00 price target for the company. Raymond James Financial initiated coverage on shares of Public Storage in a report on Thursday, July 16th. They set a “market perform” rating for the company. JPMorgan Chase & Co. cut their price target on shares of Public Storage from $338.00 to $330.00 and set a “neutral” rating for the company in a report on Monday, September 21st. Finally, Barclays lifted their price target on shares of Public Storage from $350.00 to $351.00 and gave the company an “equal weight” rating in a research report on Thursday, September 10th. Seven analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Public Storage has an average rating of “Hold” and an average price target of $323.42.

Check Out Our Latest Analysis on PSA

Public Storage Stock Performance

NYSE:PSA opened at $308.90 on Tuesday. The company’s 50-day moving average price is $299.70 and its 200-day moving average price is $308.18. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.06. The company has a market cap of $54.25 billion, a P/E ratio of 17.59, a P/E/G ratio of 4.45 and a beta of 0.94. Public Storage has a twelve month low of $256.54 and a twelve month high of $335.55.

Public Storage (NYSE:PSA – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $1.64. Public Storage had a net margin of 41.80% and a return on equity of 40.98%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the business posted $4.28 earnings per share. Public Storage’s quarterly revenue was down .5% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. On average, sell-side analysts forecast that Public Storage will post 16.93 earnings per share for the current fiscal year.

Public Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 15th were issued a dividend of $3.00 per share. The ex-dividend date was Tuesday, September 15th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.9%. Public Storage’s dividend payout ratio is currently 114.50%.

Insider Activity

In related news, insider Nathaniel A. Vitan sold 1,414 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $327.53, for a total transaction of $463,127.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 11.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Bruce G. Allen Investments LLC boosted its stake in 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 worth $29,000 after buying an additional 43 shares during the period. Continuum Advisory LLC acquired a new stake in shares of Public Storage during the second quarter valued at about $29,000. Meeder Asset Management Inc. purchased a new stake in shares of Public Storage in the 2nd quarter valued at approximately $36,000. Knuff & Co LLC purchased a new stake in shares of Public Storage in the 2nd quarter valued at approximately $46,000. Finally, SHP Wealth Management purchased a new stake in shares of Public Storage in the 4th quarter valued at approximately $47,000. Institutional investors and hedge funds own 78.79% of the company’s stock.

Public Storage Company Profile

(Get Free Report)

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.