Public Storage (PSA) Stock Forecast & Price Target

$347.80

+2.81 (+0.81%)

(As of 10/16/2024 ET)

Public Storage - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 15 Analyst Ratings

Sell
1

Hold
6

Buy
8

Based on 15 Wall Street analysts who have issued ratings for Public Storage in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 15 analysts, 1 has given a sell rating, 6 have given a hold rating, 6 have given a buy rating, and 2 have given a strong buy rating for PSA.

Consensus Price Target

$337.00
-3.11% Downside

According to the 15 analysts' twelve-month price targets for Public Storage, the average price target is $337.00. The highest price target for PSA is $422.00, while the lowest price target for PSA is $250.00. The average price target represents a forecasted downside of -3.11% from the current price of $347.80.

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PSA Analyst Ratings Over Time

Type	Current Forecast 10/18/23 to 10/17/24	1 Month Ago 9/18/23 to 9/17/24	3 Months Ago 7/20/23 to 7/19/24	1 Year Ago 10/18/22 to 10/18/23
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	5 Buy rating(s)	6 Buy rating(s)	4 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$337.00	$325.85	$309.64	$305.80
Forecasted Upside	-3.11% Downside	-8.87% Downside	2.56% Upside	14.77% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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PSA Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

PSA Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Public Storage Stock vs. The Competition

Type	Public Storage	Finance Companies	S&P 500
Consensus Rating Score	2.60	2.47	2.50
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	-3.11% Downside	11.46% Upside	6.10% Upside
News Sentiment Rating	Neutral News See Recent PSA News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/14/2024	Evercore ISI 2 of 5 stars		Lower Target	In-Line ➝ In-Line	$343.00 ➝ $338.00	-1.41%
10/2/2024	Morgan Stanley 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$293.00 ➝ $315.00	-11.54%
9/18/2024	Jefferies Financial Group 2 of 5 stars		Boost Target	Buy ➝ Buy	$360.00 ➝ $422.00	+16.60%
9/10/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Heffern Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Sector Perform	$358.00	+1.85%
9/4/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Carl Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
8/30/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$303.00 ➝ $378.00	+11.04%
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8/22/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$308.00 ➝ $339.00	+2.36%
8/22/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$327.00 ➝ $374.00	+14.10%
8/5/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral	$318.00 ➝ $318.00	+1.96%
8/1/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Kim Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold	$306.00 ➝ $306.00	+3.41%
7/26/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$310.00 ➝ $320.00	+8.51%
3/28/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Strong-Buy	$330.00	+14.54%
3/19/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$325.00 ➝ $330.00	+19.00%
1/30/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sell	$250.00	-13.74%
1/11/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$307.00 ➝ $340.00	+15.17%
9/13/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$360.00 ➝ $340.00	+25.14%
6/13/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$338.00 ➝ $324.00	+12.62%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:32 AM ET.

Should I Buy Public Storage Stock? PSA Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, October 13, 2024. Please send any questions or comments about these Public Storage pros and cons to contact@marketbeat.com.

Public Storage
Bull Case

Here are some ways that investors could benefit from investing in Public Storage:

Public Storage has a strong net margin of 44.88% and a solid return on equity of 36.55%, indicating efficient operations and profitability.
The company announced a quarterly dividend of $3.00 per share, representing a dividend yield of 3.34%, providing investors with a steady income stream.
Public Storage's stock price has shown resilience, trading at $359.58 on the latest available date, potentially indicating market confidence in the company.
Despite missing earnings estimates in the previous quarter, Public Storage has a history of strong performance and is expected to post 16.75 earnings per share for the current fiscal year.
Public Storage is a member of the S&P 500 and FT Global 500, adding to its credibility and stability as an investment option.

Public Storage
Bear Case

Investors should be bearish about investing in Public Storage for these reasons:

Public Storage's revenue for the quarter was down 1.0% year-over-year, indicating a potential slowdown in growth.
The company's payout ratio is currently high at 108.99%, which may raise concerns about sustainability of the dividend payments in the long term.
Analyst estimates for revenue were not met in the previous quarter, suggesting potential challenges in meeting market expectations.
Public Storage's debt-to-equity ratio of 1.72 may pose risks in case of economic downturns or rising interest rates.
While the stock has a consensus rating of "Moderate Buy," there are mixed analyst opinions, with one sell rating and six hold ratings, indicating uncertainty in the market sentiment.

PSA Forecast - Frequently Asked Questions

: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Public Storage is $337.00, with a high forecast of $422.00 and a low forecast of $250.00.
: 15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last year. There is currently 1 sell rating, 6 hold ratings, 6 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PSA shares.
: According to analysts, Public Storage's stock has a predicted downside of -3.11% based on their 12-month stock forecasts.
: Over the previous 90 days, Public Storage's stock had 2 downgrades and 1 upgrade by analysts.
: Public Storage has been rated by research analysts at Bank of America, Barclays, Citigroup, Evercore ISI, Jefferies Financial Group, Morgan Stanley, Royal Bank of Canada, Scotiabank, Truist Financial, Wells Fargo & Company, and Wolfe Research in the past 90 days.
: Analysts like Public Storage more than other "finance" companies. The consensus rating for Public Storage is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how PSA compares to other companies.