Argus Research Maintains Hold Rating on Public Storage with $283 Price Target

Public Storage (PSA) has received a Hold rating from Argus Research with a price target of $283.00. The company also received a Hold from Evercore ISI but a Buy rating from Raymond James. Insider sentiment is positive, with 26 insiders buying shares over the past quarter, including Director Luke Petherbridge who bought 700 shares for $198,975.00. The company has a one-year high of $369.99 and a one-year low of $256.60, with an average volume of 849.9K.

Public Storage (PSA), the largest self-storage real estate investment trust (REIT) in the United States, has seen a mix of analyst ratings and market performance in recent months. The company's stock has received varying recommendations from financial experts, with notable changes in ratings and price targets.

Analyst Ratings

- Argus Research maintained a Hold rating for PSA, setting a price target of $283.00 [1].
- Evercore ISI also maintained a Hold rating [1].
- Raymond James provided a Buy rating for PSA [1].

Market Performance

PSA's stock has been trading within a 52-week range of $256.60 to $369.99, reflecting its solid market position as a leading self-storage REIT [1]. The stock has seen varied analyst ratings, with eight buy ratings, six hold ratings, and one sell rating, and a consensus rating of "Moderate Buy" with an average target price of $335.57 [1].

Financial Highlights

PSA's financial performance for the second quarter (Q2) of 2025 showed earnings per share (EPS) of $4.28, beating the consensus estimate of $4.23 [1]. The company reported revenue of $1.20 billion, in line with consensus estimates. PSA has a strong balance sheet with a market capitalization of $49.45B and an enterprise value of $65.41B [1]. The company has a total cash position of $1.10B and total debt of $10.44B [1].

Insider Sentiment

Positive insider sentiment was evident as 26 insiders bought shares over the past quarter, including Director Luke Petherbridge who bought 700 shares for $198,975.00 [1].

Future Outlook

Analysts predict that PSA will post 2.57 earnings per share for the current fiscal year [1]. The company's strong balance sheet and dominant market position provide downside support and enable strategic acquisitions [1]. However, there are risks associated with the company's acquisition strategy and potential top-line growth pressures due to local rent restrictions in LA [1].

References

[1] https://www.tipranks.com/stocks/psa