Fintel reports that on April 22, 2025, B of A Securities upgraded their outlook for Public Storage (NYSE:PSA) from Neutral to Buy.
Analyst Price Forecast Suggests 15.26% Upside
As of April 2, 2025, the average one-year price target for Public Storage is $342.08/share. The forecasts range from a low of $301.99 to a high of $396.90. The average price target represents an increase of 15.26% from its latest reported closing price of $296.78 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Public Storage is 4,844MM, an increase of 2.73%. The projected annual non-GAAP EPS is 10.30.
What is the Fund Sentiment?
There are 2,045 funds or institutions reporting positions in Public Storage. This is an increase of 30 owner(s) or 1.49% in the last quarter. Average portfolio weight of all funds dedicated to PSA is 0.46%, an increase of 8.12%. Total shares owned by institutions increased in the last three months by 0.68% to 164,491K shares. 
The put/call ratio of PSA is 1.21, indicating a bearish outlook.
What are Other Shareholders Doing?
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 6,078K shares representing 3.47% ownership of the company. In its prior filing, the firm reported owning 6,229K shares , representing a decrease of 2.48%. The firm decreased its portfolio allocation in PSA by 7.19% over the last quarter.
Price T Rowe Associates holds 5,912K shares representing 3.37% ownership of the company. In its prior filing, the firm reported owning 6,104K shares , representing a decrease of 3.25%. The firm decreased its portfolio allocation in PSA by 20.20% over the last quarter.
Cohen & Steers holds 5,433K shares representing 3.10% ownership of the company. In its prior filing, the firm reported owning 4,840K shares , representing an increase of 10.91%. The firm decreased its portfolio allocation in PSA by 1.67% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,958K shares representing 2.83% ownership of the company. In its prior filing, the firm reported owning 5,014K shares , representing a decrease of 1.12%. The firm decreased its portfolio allocation in PSA by 19.80% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 4,266K shares representing 2.43% ownership of the company. In its prior filing, the firm reported owning 4,125K shares , representing an increase of 3.31%. The firm decreased its portfolio allocation in PSA by 19.48% over the last quarter.
Public Storage Background Information
(This description is provided by the company.)
Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. At December 31, 2020, The Company had: interests in 2,548 self-storage facilities located in 38 states with approximately 175 million net rentable square feet in the United States, an approximate 35% common equity interest in Shurgard Self Storage SA which owned 241 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the 'Shurgard' brand and an approximate 42% common equity interest in PS Business Parks, Inc. which owned and operated approximately 28 million rentable square feet of commercial space at December 31, 2020. Its headquarters are located in Glendale, California.
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