Public Storage (PSA) Stock Forecast & Price Target

$348.05 -3.31 (-0.94%)

(As of 11/29/2024 ET)

Public Storage - Analysts' Recommendations and Stock Price Forecast (2025)

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

$339.64
-2.42% Downside

According to the 15 analysts' twelve-month price targets for Public Storage, the average price target is $339.64. 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 -2.42% from the current price of $348.05.

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PSA Analyst Ratings Over Time

Type	Current Forecast 12/2/23 to 12/1/24	1 Month Ago 11/2/23 to 11/1/24	3 Months Ago 9/3/23 to 9/2/24	1 Year Ago 12/2/22 to 12/2/23
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)	6 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)	3 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$339.64	$341.43	$323.77	$295.71
Forecasted Upside	-2.42% Downside	5.49% Upside	-5.80% Downside	11.17% 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	2.49	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	-2.42% Downside	7.96% Upside	6.51% Upside
News Sentiment Rating	Positive 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
11/12/2024	Barclays 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$381.00 ➝ $380.00	+13.80%
11/8/2024	Royal Bank of Canada 4 of 5 stars	B. Heffern Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Perform ➝ Sector Perform	$358.00 ➝ $344.00	+1.41%
11/5/2024	Wells Fargo & Company 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$375.00 ➝ $365.00	+10.05%
10/14/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	In-Line ➝ In-Line	$343.00 ➝ $338.00	-1.41%
10/2/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$293.00 ➝ $315.00	-11.54%
9/18/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$360.00 ➝ $422.00	+16.60%
Get the Latest News and Ratings for PSA and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Public Storage and its competitors with MarketBeat's FREE daily newsletter.
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%
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%
8/5/2024	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%
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 Sunday at 05:17 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, November 24, 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 market capitalization of approximately $58.85 billion, indicating a robust financial position and stability in the real estate investment trust (REIT) sector.
The company recently declared a quarterly dividend of $3.00 per share, translating to an annualized dividend of $12.00 and a yield of 3.61%. This consistent dividend payout can provide a reliable income stream for investors.
As of the latest trading session, Public Storage's stock price is $336.08, reflecting a solid performance in the market and potential for future appreciation.
Public Storage has a consensus rating of "Moderate Buy" from analysts, with an average price target of $339.64, suggesting that there is optimism about the stock's future performance.
The company has a relatively low beta of 0.70, indicating that its stock is less volatile compared to the overall market, which can be appealing for risk-averse investors.

Public Storage
Bear Case

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

The stock has a high price-to-earnings (PE) ratio of 35.12, which may suggest that it is overvalued compared to its earnings, potentially limiting future price appreciation.
Public Storage's dividend payout ratio is currently 124.61%, indicating that the company is paying out more in dividends than it earns, which could be unsustainable in the long term.
Recent analyst downgrades, including a reduction in price targets by firms like Bank of America and Wells Fargo, may signal a bearish outlook on the stock's near-term performance.
The company has a debt-to-equity ratio of 1.77, which suggests a higher level of debt relative to equity. This could pose risks, especially in a rising interest rate environment.
Public Storage's stock has experienced fluctuations, with a twelve-month high of $369.99 and a low of $251.49, indicating potential volatility that could deter conservative investors.

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 $339.64, with a high forecast of $422.00 and a low forecast of $250.00.
: 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Public Storage in the last twelve months. 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 analysts is that investors should "moderate buy" PSA shares.
: According to analysts, Public Storage's stock has a predicted downside of -2.42% based on their 12-month stock forecasts.
: Over the previous 90 days, Public Storage's stock had 1 upgrade by analysts.
: Public Storage has been rated by research analysts at Barclays, Evercore ISI, Jefferies Financial Group, Morgan Stanley, Royal Bank of Canada, 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.

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This page (NYSE:PSA) was last updated on 12/1/2024 by MarketBeat.com Staff

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Public Storage (PSA) Stock Forecast & Price Target