Public Storage (PSA) Stock Forecast, Price Target & Predictions


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PSA Stock Forecast


Public Storage stock forecast is as follows: an average price target of $333.09 (represents a -7.26% downside from PSA’s last price of $359.16) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.

PSA Price Target


The average price target for Public Storage (PSA) is $333.09 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $378.00 to $306.00. This represents a potential -7.26% downside from PSA's last price of $359.16.

PSA Analyst Ratings


Buy

According to 6 Wall Street analysts, Public Storage's rating consensus is 'Buy'. The analyst rating breakdown for PSA stock is 1 'Strong Buy' (16.67%), 4 'Buy' (66.67%), 1 'Hold' (16.67%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Public Storage Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 29, 2024Eric WolfeWolfe Research$378.00$341.7210.62%5.25%
Aug 28, 2024Steve SakwaEvercore ISI$334.00$342.59-2.51%-7.01%
Aug 22, 2024Nicholas YulicoScotiabank$339.00$329.292.95%-5.61%
Aug 05, 2024Jeffrey SpectorBank of America Securities$318.00$311.901.96%-11.46%
Aug 01, 2024Ki Bin KimTruist Financial$306.00$295.923.41%-14.80%
Jul 19, 2024Nicholas YulicoScotiabank$314.00$301.654.09%-12.57%
May 20, 2024Brendan LynchBarclays$327.00$288.6713.28%-8.95%
May 16, 2024Nicholas YulicoScotiabank$289.00$288.100.31%-19.53%
Apr 05, 2024Eric LuebchowWells Fargo$310.00$280.6410.46%-13.69%
Mar 28, 2024Jonathan HughesRaymond James$330.00$288.1014.54%-8.12%
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The latest Public Storage stock forecast, released on Aug 29, 2024 by Eric Wolfe from Wolfe Research, set a price target of $378.00, which represents a 10.62% increase from the stock price at the time of the forecast ($341.72), and a 5.25% increase from PSA last price ($359.16).

Public Storage Price Target by Period


1M3M12M
# Anlaysts3611
Avg Price Target$350.33$331.50$325.00
Last Closing Price$359.16$359.16$359.16
Upside/Downside-2.46%-7.70%-9.51%

In the current month, the average price target of Public Storage stock is $350.33, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a -2.46% decrease as opposed to Public Storage's last price of $359.16. This month's average price target is up 5.68% compared to last quarter, and up 7.79% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 09, 2024RBC Capital-Sector PerformInitialise
Aug 29, 2024CitigroupBuyBuyHold
Aug 22, 2024ScotiabankUnderperformUnderperformHold
Aug 22, 2024BarclaysOverweightOverweightHold
Jul 19, 2024ScotiabankSector PerformSector PerformHold
May 20, 2024BarclaysOverweightOverweightHold
May 16, 2024ScotiabankSector PerformSector PerformHold
Apr 05, 2024Wells Fargo-OverweightUpgrade
Mar 28, 2024Raymond JamesOutperformStrong BuyUpgrade
Aug 16, 2022Raymond James-OutperformDowngrade
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Public Storage's last stock rating was published by RBC Capital on Sep 09, 2024. The company Initialise its PSA rating from "null" to "Sector Perform".

Public Storage Financial Forecast


Public Storage Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$1.16B$1.14B$1.12B$1.09B$1.09B$1.09B-$973.45M$924.32M$894.93M$829.32M$767.26M$759.04M$730.66M$709.28M$716.08M$717.50M$729.34M
Avg Forecast$1.34B$1.35B$1.31B$1.28B$1.21B$1.21B$1.19B$1.16B$1.17B$1.17B$1.16B$1.14B$1.14B$1.14B$1.11B$1.09B$1.08B$1.06B$996.83M$981.31M$922.22M$862.38M$803.98M$760.15M$737.75M$726.21M$712.00M$718.45M$724.07M$736.97M
High Forecast$1.37B$1.38B$1.34B$1.31B$1.23B$1.23B$1.22B$1.19B$1.19B$1.19B$1.18B$1.16B$1.16B$1.18B$1.13B$1.11B$1.10B$1.09B$996.83M$1.00B$940.08M$879.08M$819.55M$774.87M$752.03M$740.27M$725.79M$732.36M$738.09M$751.24M
Low Forecast$1.33B$1.34B$1.30B$1.27B$1.19B$1.19B$1.18B$1.15B$1.16B$1.16B$1.15B$1.13B$1.12B$1.05B$1.10B$1.08B$1.07B$1.05B$996.83M$956.76M$899.16M$840.81M$783.87M$741.14M$719.30M$708.04M$694.19M$700.48M$705.96M$718.54M
# Analysts3345452237336854435364661010101055
Surprise %------------1.02%1.01%1.01%1.00%1.01%1.02%-0.99%1.00%1.04%1.03%1.01%1.03%1.01%1.00%1.00%0.99%0.99%

Public Storage's average Quarter revenue forecast for Mar 24 based on 3 analysts is $1.14B, with a low forecast of $1.13B, and a high forecast of $1.16B. PSA's average Quarter revenue forecast represents a -1.70% decrease compared to the company's last Quarter revenue of $1.16B (Dec 23).

Public Storage EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts3345452237336854435364661010101055
EBITDA------------$795.66M$1.06B$1.03B$805.03M$816.57M$802.16M-$736.17M$854.79M$702.38M$605.15M$595.14M$506.91M$477.48M$466.69M$515.68M$533.54M$539.77M
Avg Forecast$999.37M$1.00B$976.41M$953.16M$897.34M$897.44M$886.66M$865.11M$867.70M$870.39M$862.59M$575.97M$846.95M$845.81M$825.48M$523.61M$804.48M$727.17M$741.53M$476.01M$506.97M$661.06M$559.71M$447.20M$577.46M$556.59M$527.18M$491.55M$570.70M$534.12M
High Forecast$1.02B$1.02B$995.79M$972.07M$915.15M$915.25M$904.26M$882.28M$884.92M$885.14M$879.71M$691.16M$861.81M$880.02M$841.86M$628.33M$820.44M$872.60M$741.53M$571.21M$608.36M$793.28M$671.65M$536.64M$692.95M$667.91M$632.62M$589.86M$684.84M$640.95M
Low Forecast$989.69M$993.79M$966.94M$943.92M$888.65M$888.74M$878.06M$856.72M$859.29M$863.01M$854.23M$460.77M$832.09M$781.61M$817.48M$418.88M$796.68M$581.74M$741.53M$380.80M$405.57M$528.85M$447.77M$357.76M$461.97M$445.27M$421.75M$393.24M$456.56M$427.30M
Surprise %------------0.94%1.25%1.24%1.54%1.02%1.10%-1.55%1.69%1.06%1.08%1.33%0.88%0.86%0.89%1.05%0.93%1.01%

3 analysts predict PSA's average Quarter EBITDA for Mar 24 to be $575.97M, with a high of $691.16M and a low of $460.77M. This is -27.61% lower than Public Storage's previous annual EBITDA (Dec 23) of $795.66M.

Public Storage Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts3345452237336854435364661010101055
Net Income------------$441.90M$616.64M$581.16M$302.53M$412.36M$5.00B-$513.94M$592.23M$490.09M$410.43M$433.04M$351.27M$324.87M$314.92M$366.16M$386.01M$397.94M
Avg Forecast$501.20M$522.90M$498.58M$442.15M$481.07M$491.98M$474.73M$436.31M$448.70M$458.60M$453.08M$541.24M$480.40M$494.80M$511.70M$492.04M$466.99M$507.39M$448.56M$447.31M$367.54M$461.26M$379.61M$325.39M$400.15M$378.69M$355.75M$349.03M$412.90M$393.78M
High Forecast$514.13M$536.39M$511.44M$453.56M$493.49M$504.67M$486.98M$447.57M$460.28M$463.99M$464.77M$649.49M$489.66M$515.86M$524.90M$590.45M$479.04M$608.87M$448.56M$536.77M$441.05M$553.51M$455.53M$390.47M$480.19M$454.43M$426.90M$418.83M$495.48M$472.53M
Low Forecast$494.88M$516.31M$492.30M$436.58M$475.01M$485.78M$468.75M$430.81M$443.05M$454.30M$447.37M$432.99M$472.30M$471.99M$505.25M$393.63M$461.11M$405.91M$448.56M$357.85M$294.03M$369.01M$303.69M$260.31M$320.12M$302.95M$284.60M$279.22M$330.32M$315.02M
Surprise %------------0.92%1.25%1.14%0.61%0.88%9.85%-1.15%1.61%1.06%1.08%1.33%0.88%0.86%0.89%1.05%0.93%1.01%

Public Storage's average Quarter net income forecast for Mar 24 is $541.24M, with a range of $432.99M to $649.49M. PSA's average Quarter net income forecast represents a 22.48% increase compared to the company's last Quarter net income of $441.90M (Dec 23).

Public Storage SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts3345452237336854435364661010101055
SG&A------------$23.17M$28.63M$25.43M$25.54M$33.34M$21.38M-$17.50M$15.62M$25.39M$24.04M$16.28M$15.59M$17.96M$14.72M$16.91M$17.47M$14.33M
Avg Forecast$34.59M$34.74M$33.80M$32.99M$31.06M$31.07M$30.69M$29.95M$30.04M$30.13M$29.86M$24.18M$29.32M$29.28M$28.57M$21.99M$27.85M$26.29M$25.67M$19.99M$9.26M$23.90M$22.23M$12.23M$17.76M$20.93M$16.63M$16.12M$18.68M$14.18M
High Forecast$35.28M$35.43M$34.47M$33.65M$31.68M$31.68M$31.30M$30.54M$30.63M$30.64M$30.45M$29.02M$29.83M$30.46M$29.14M$26.38M$28.40M$31.55M$25.67M$23.98M$11.11M$28.68M$26.68M$14.68M$21.31M$25.12M$19.96M$19.34M$22.42M$17.01M
Low Forecast$34.26M$34.40M$33.47M$32.68M$30.76M$30.77M$30.40M$29.66M$29.75M$29.87M$29.57M$19.35M$28.80M$27.06M$28.30M$17.59M$27.58M$21.03M$25.67M$15.99M$7.41M$19.12M$17.79M$9.78M$14.21M$16.75M$13.31M$12.89M$14.95M$11.34M
Surprise %------------0.79%0.98%0.89%1.16%1.20%0.81%-0.88%1.69%1.06%1.08%1.33%0.88%0.86%0.89%1.05%0.93%1.01%

Public Storage's average Quarter SG&A projection for Mar 24 is $24.18M, based on 3 Wall Street analysts, with a range of $19.35M to $29.02M. The forecast indicates a 4.37% rise compared to PSA last annual SG&A of $23.17M (Dec 23).

Public Storage EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jul 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts3345452237336854435364661010101055
EPS------------$2.51$3.51$3.31$1.72$2.07$28.52-$2.65$3.38$2.53$1.98$2.21$1.67$1.41$1.41$1.80$1.88$1.94
Avg Forecast$2.85$2.97$2.83$2.51$2.73$2.80$2.70$2.48$2.55$2.61$2.57$2.49$2.73$2.81$2.91$2.69$2.65$2.77$2.54$2.32$2.18$2.14$1.94$1.77$1.94$1.72$1.64$1.70$2.01$1.91
High Forecast$2.92$3.05$2.91$2.58$2.80$2.87$2.77$2.54$2.62$2.64$2.64$2.55$2.78$2.93$2.98$2.76$2.72$2.84$2.54$2.38$2.23$2.20$1.99$1.81$1.98$1.76$1.68$1.74$2.06$1.95
Low Forecast$2.81$2.93$2.80$2.48$2.70$2.76$2.66$2.45$2.52$2.58$2.54$2.46$2.68$2.68$2.87$2.66$2.62$2.73$2.54$2.24$2.11$2.07$1.87$1.71$1.87$1.66$1.59$1.64$1.94$1.84
Surprise %------------0.92%1.25%1.14%0.64%0.78%10.31%-1.14%1.55%1.18%1.02%1.25%0.86%0.82%0.86%1.06%0.94%1.02%

According to 3 Wall Street analysts, Public Storage's projected average Quarter EPS for Mar 24 is $2.49, with a low estimate of $2.46 and a high estimate of $2.55. This represents a -0.87% decrease compared to PSA previous annual EPS of $2.51 (Dec 23).

Public Storage Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
PLDPrologis$129.98$145.6712.07%Buy
COLDAmericold Realty Trust$29.02$32.2511.13%Buy
REXRRexford Industrial Realty$50.59$54.006.74%Buy
IIPRInnovative Industrial Properties$129.16$136.675.81%Hold
NSANational Storage Affiliates Trust$47.66$49.002.81%Hold
EGPEastGroup Properties$187.50$189.601.12%Buy
STAGSTAG Industrial$40.04$39.69-0.87%Buy
LSILife Storage$133.10$131.14-1.47%Buy
EXRExtra Space Storage$177.90$169.56-4.69%Buy
PSAPublic Storage$359.16$333.09-7.26%Buy
CUBECubeSmart$54.00$48.88-9.48%Buy

PSA Forecast FAQ


Yes, according to 6 Wall Street analysts, Public Storage (PSA) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 4 'Buy' recommendations, accounting for 83.33% of PSA's total ratings.

Public Storage (PSA) average price target is $333.09 with a range of $306 to $378, implying a -7.26% from its last price of $359.16. The data is based on 6 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for PSA stock, the company can go down by -7.26% (from the last price of $359.16 to the average price target of $333.09), up by 5.25% based on the highest stock price target, and down by -14.80% based on the lowest stock price target.

PSA's average twelve months analyst stock price target of $333.09 does not support the claim that Public Storage can reach $500 in the near future.

3 Wall Street analysts forecast a $350.33 price target for Public Storage (PSA) this month, down -2.46% from its last price of $359.16. Compared to the last 3 and 12 months, the average price target decreased by -7.70% and decreased by -9.51%, respectively.

Public Storage's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $4.77B (high $4.86B, low $4.72B), average EBITDA is $3.55B (high $3.62B, low $3.51B), average net income is $1.88B (high $1.93B, low $1.86B), average SG&A $122.77M (high $125.21M, low $121.58M), and average EPS is $10.7 (high $10.98, low $10.57). PSA's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $5.29B (high $5.39B, low $5.24B), average EBITDA is $3.93B (high $4.01B, low $3.89B), average net income is $1.96B (high $2.02B, low $1.94B), average SG&A $136.13M (high $138.83M, low $134.81M), and average EPS is $11.16 (high $11.45, low $11.02).

Based on Public Storage's last annual report (Dec 2023), the company's revenue was $4.52B, beating the average analysts forecast of $4.47B by 0.97%. Apple's EBITDA was $3.32B, beating the average prediction of $3.04B by 9.16%. The company's net income was $2.16B, beating the average estimation of $1.98B by 9.16%. Apple's SG&A was $80.63M, missing the average forecast of $109.16M by -26.13%. Lastly, the company's EPS was $12.26, beating the average prediction of $11.14 by 10.03%. In terms of the last quarterly report (Dec 2023), Public Storage's revenue was $1.16B, beating the average analysts' forecast of $1.14B by 1.87%. The company's EBITDA was $795.66M, missing the average prediction of $846.95M by -6.06%. Public Storage's net income was $441.9M, missing the average estimation of $480.4M by -8.01%. The company's SG&A was $23.17M, missing the average forecast of $29.32M by -20.96%. Lastly, the company's EPS was $2.51, missing the average prediction of $2.73 by -8.04%