Public Storage Shares Soar 4.73% in Six Days on Earnings

Public Storage (PSA) shares rose 0.44% today, marking the sixth consecutive day of gains, with a total increase of 4.73% over the past six days. The share price reached its highest level since March 2025, with an intraday gain of 0.52%.

The strategy of buying PSA shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 5-year CAGR of 7.98%. While the strategy captured some of the subsequent price appreciation, it also experienced volatility and underperformance at times, particularly during market downturns. The sharp decline in 2022, followed by a rebound in 2023, highlights the strategy's sensitivity to market conditions. Overall, while the strategy showed some resilience, it may not have been the most optimal approach, considering the broader market performance and PSA's characteristics.

Public Storage reported its first-quarter earnings, which is a critical factor influencing its stock price. The earnings report provides valuable insights into the company's financial health and future prospects, making it a key driver of stock performance.

JGP Wealth Management LLC reduced its holdings in Public Storage by 11.9% in the first quarter. This significant change in holdings by a major investor can impact market perceptions of the stock's future performance, potentially affecting its price.

The Royal Bank of Canada adjusted its price objective for Public Storage from $329.00 to $328.00. Analyst price targets can influence investor sentiment and stock price movements, as they reflect expert opinions on the stock's valuation and potential.

On May 23, 2025, Argus Research highlighted Public Storage with a stock price of $308.41. This ongoing analysis and valuation can affect investor decisions, contributing to the stock's price movements.