Public Storage

PSA · NYSE

$301.76+$6.07 (+2.05%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $295.69

PSA analyst rating

HoldConsensus of 14 analysts over the last 12 months. 29% rate it a buy.

Strong buy0
Buy4
Hold10
Underperform0
Sell0

12-month price target · 19 analysts

Average $343.55 (+13.8% upside)

Low: $287.85
Now: $301.76
High: $392.70

Upgrades and downgrades

The latest rating actions, newest first

PSA analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
RBC Capital	Oct 20, 2026	Maintains	Sector Perform	$318.00	38%
UBS	Oct 16, 2026	Maintains	Neutral	$326.00 → $294.00	45%
Truist Securities	Oct 2, 2026	Maintains	Buy	$338.00 → $317.00	54%
Evercore ISI Group	Sep 21, 2026	Maintains	In-Line	$319.00 → $308.00	45%
JP Morgan	Sep 21, 2026	Maintains	Neutral	$338.00 → $330.00	53%
Barclays	Sep 10, 2026	Maintains	Equal-Weight	$350.00 → $351.00	32%
Scotiabank	Sep 2, 2026	Maintains	Sector Outperform	$346.00 → $343.00	47%
Mizuho	Sep 2, 2026	Maintains	Neutral	$316.00 → $319.00	33%
Barclays	Aug 19, 2026	Maintains	Equal-Weight	$349.00 → $350.00	32%
Scotiabank	Aug 18, 2026	Maintains	Sector Outperform	$345.00 → $346.00	47%

The case for and against

Updated Sep 11, 2026

Bull case

Public Storage is the leading self-storage REIT in the US with a strong balance sheet and a diverse portfolio of revenue streams through its third-party management and insurance businesses. With a recent shift to positive move-in rates and strong occupancy, as well as potential catalysts such as pricing power recovery and increased demand from housing affordability, the company's growth prospects are looking up. Risks include economic trends and potential regulatory scrutiny, but with the recent acquisition of National Storage Affiliates and a strategic portfolio bifurcation, PSA's future outlook appears positive.

Bear case

Public Storage is a well-established and diversified company with both domestic and international exposure in the self-storage industry. However, with the uncertainty surrounding the demand and supply growth, potential capital constraints, and heavy reliance on marketing, there are concerns for the company's future performance. Furthermore, despite a strong initial quarter, the company's guidance remains slightly below prior consensus, and the recent uptick in transaction activity may not be sustainable.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.