Do Wall Street Analysts Like Public Storage Stock?

Do Wall Street Analysts Like Public Storage Stock?

Tue, August 25, 2026 at 4:51 PM GMT+3 3 min read

With a market cap of $57.1 billion, Public Storage (PSA) is the largest owner and operator of self-storage facilities in the United States, offering month-to-month storage solutions for personal and business use. The company operates over 3,000 facilities across 40 states and holds a 35% stake in Shurgard Self Storage, which manages 281 facilities in Western Europe.

Shares of the Frisco, Texas-based company have underperformed the broader market over the past 52 weeks. PSA stock has risen 10.6% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 18.3%. However, shares of the company are up 25.2% on a YTD basis, outpacing SPX's 11.8% gain.

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Focusing more closely, shares of the self-storage facility REIT has exceeded the State Street Real Estate Select Sector SPDR ETF's (XLRE) 7.7% return over the past 52 weeks and a 12.5% YTD return.

Public Storage shares fell 3.6% following its Q2 2026 results on Jul. 29 as core FFO of $4.17 per share missed the consensus estimate and declined 2.6% year-over-year. Also, the company's same-store NOI fell 2.2% as same-store revenue declined, realized annual rental income per occupied square foot dropped, and the NOI margin contracted 120 basis points to 74.2%. The pressure was compounded by higher costs, with direct operating expenses up 4.3% to $227.7 million and indirect costs up 5.7% to $32.5 million, driving same-store NOI down to $746.4 million despite revenue beating estimates at $1.23 billion.

For the fiscal year ending in December 2026, analysts expect Public Storage's core FFO per share to decline marginally year-over-year to $16.93. The company's earnings surprise history is mixed. It beat the consensus estimates in three of the last four quarters while missing on another occasion.

Among the 21 analysts covering the stock, the consensus rating is a "Moderate Buy." That's based on six "Strong Buy" ratings and 15 "Holds."

This configuration is slightly less bullish than three months ago, with seven "Strong Buy" ratings on the stock.

On Aug. 18, Scotiabank raised Public Storage's price target to $346 and maintained an "Outperform" rating.

The mean price target of $337.53 represents a 3.9% premium to PSA's current levels. The Street-high price target of $374 implies a potential upside of 15.1%.

On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com