Public Storage (PSA) Stock Forecast, Price Target & Predictions
PSA Stock Forecast
Public Storage stock forecast is as follows: an average price target of $336.91 (represents a 1.22% upside from PSA’s last price of $332.86) and a rating consensus of 'Buy', based on 8 wall street analysts offering a 1-year stock forecast.
PSA Price Target
The average price target for Public Storage (PSA) is $336.91 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $378.00 to $306.00. This represents a potential 1.22% upside from PSA's last price of $332.86.
PSA Analyst Ratings
According to 8 Wall Street analysts, Public Storage's rating consensus is 'Buy'. The analyst rating breakdown for PSA stock is 1 'Strong Buy' (12.50%), 6 'Buy' (75.00%), 1 'Hold' (12.50%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Public Storage Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 18, 2024 | Caitlin Burrows | Goldman Sachs | $377.00 | $360.72 | 4.51% | 13.26% |
| Aug 29, 2024 | Eric Wolfe | Wolfe Research | $378.00 | $341.72 | 10.62% | 13.56% |
| Aug 28, 2024 | Steve Sakwa | Evercore ISI | $334.00 | $342.59 | -2.51% | 0.34% |
| Aug 22, 2024 | Nicholas Yulico | Scotiabank | $339.00 | $329.29 | 2.95% | 1.84% |
| Aug 05, 2024 | Jeffrey Spector | Bank of America Securities | $318.00 | $311.90 | 1.96% | -4.46% |
| Aug 01, 2024 | Ki Bin Kim | Truist Financial | $306.00 | $295.92 | 3.41% | -8.07% |
| Jul 19, 2024 | Nicholas Yulico | Scotiabank | $314.00 | $301.65 | 4.09% | -5.67% |
| May 20, 2024 | Brendan Lynch | Barclays | $327.00 | $288.67 | 13.28% | -1.76% |
| May 16, 2024 | Nicholas Yulico | Scotiabank | $289.00 | $288.10 | 0.31% | -13.18% |
| Apr 05, 2024 | Eric Luebchow | Wells Fargo | $310.00 | $280.64 | 10.46% | -6.87% |
The latest Public Storage stock forecast, released on Sep 18, 2024 by Caitlin Burrows from Goldman Sachs, set a price target of $377.00, which represents a 4.51% increase from the stock price at the time of the forecast ($360.72), and a 13.26% increase from PSA last price ($332.86).
Public Storage Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 4 | 12 |
| Avg Price Target | - | $357.00 | $329.33 |
| Last Closing Price | $332.86 | $332.86 | $332.86 |
| Upside/Downside | -100.00% | 7.25% | -1.06% |
In the current month, the average price target of Public Storage stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Public Storage's last price of $332.86. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 21, 2024 | Wells Fargo | Overweight | Overweight | Hold |
| Sep 18, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Sep 18, 2024 | Jefferies | Buy | Buy | Hold |
| Sep 16, 2024 | Evercore ISI | Positive | Positive | Hold |
| Sep 09, 2024 | RBC Capital | - | Sector Perform | Initialise |
| Aug 29, 2024 | Citigroup | Buy | Buy | Hold |
| Aug 22, 2024 | Scotiabank | Underperform | Underperform | Hold |
| Aug 22, 2024 | Barclays | Overweight | Overweight | Hold |
| Jul 19, 2024 | Scotiabank | Sector Perform | Sector Perform | Hold |
| May 20, 2024 | Barclays | Overweight | Overweight | Hold |
Public Storage's last stock rating was published by Wells Fargo on Oct 21, 2024. The company gave PSA a "Overweight" rating, the same as its previous rate.
Public Storage Financial Forecast
Public Storage Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $1.16B | $1.14B | $1.12B | $1.09B | $1.09B | $1.09B | $1.03B | $973.45M | $924.32M | $894.93M | $829.32M | $767.26M | $759.04M | $730.66M | $709.28M | $716.08M | $717.50M | $729.34M |
| Avg Forecast | $1.33B | $1.34B | $1.31B | $1.28B | $1.22B | $1.23B | $1.21B | $1.18B | $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 | $1.35B | $1.36B | $1.33B | $1.30B | $1.24B | $1.25B | $1.23B | $1.21B | $1.18B | $1.17B | $1.16B | $1.14B | $1.16B | $1.18B | $1.13B | $1.11B | $1.10B | $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 |
| Low Forecast | $1.31B | $1.32B | $1.29B | $1.26B | $1.21B | $1.22B | $1.19B | $1.16B | $1.15B | $1.17B | $1.16B | $1.14B | $1.12B | $1.05B | $1.09B | $1.07B | $1.07B | $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 |
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 6 | 3 | 3 | 3 | 6 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 9 | 9 | 9 | 5 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 1.01% | 1.01% | 1.00% | 1.01% | 1.02% | 1.04% | 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 $1.14B, and a high forecast of $1.14B. 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 6 | 3 | 3 | 3 | 6 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 9 | 9 | 9 | 5 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $795.66M | $1.06B | $1.03B | $805.03M | $816.57M | $802.16M | $806.82M | $736.17M | $854.79M | $702.38M | $605.15M | $595.14M | $506.91M | $477.48M | $466.69M | $515.68M | $533.54M | $539.77M |
| Avg Forecast | $1.10B | $1.12B | $1.09B | $1.06B | $1.02B | $1.03B | $1.00B | $981.71M | $976.57M | $974.36M | $964.64M | $575.97M | $947.16M | $945.88M | $923.14M | $523.61M | $557.66M | $792.13M | $741.53M | $476.01M | $686.03M | $641.51M | $598.07M | $447.20M | $548.80M | $540.21M | $529.65M | $491.55M | $538.63M | $548.22M |
| High Forecast | $1.12B | $1.13B | $1.11B | $1.08B | $1.04B | $1.04B | $1.02B | $1.01B | $984.84M | $976.01M | $964.64M | $691.16M | $963.77M | $984.13M | $938.61M | $628.33M | $669.20M | $792.13M | $741.53M | $571.21M | $686.03M | $641.51M | $598.07M | $536.64M | $548.80M | $540.21M | $529.65M | $589.86M | $538.63M | $548.22M |
| Low Forecast | $1.09B | $1.10B | $1.07B | $1.05B | $1.00B | $1.01B | $989.72M | $965.21M | $960.02M | $972.72M | $964.64M | $460.77M | $930.54M | $874.08M | $909.53M | $418.88M | $446.13M | $792.13M | $741.53M | $380.80M | $686.03M | $641.51M | $598.07M | $357.76M | $548.80M | $540.21M | $529.65M | $393.24M | $538.63M | $548.22M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.84% | 1.12% | 1.11% | 1.54% | 1.46% | 1.01% | 1.09% | 1.55% | 1.25% | 1.09% | 1.01% | 1.33% | 0.92% | 0.88% | 0.88% | 1.05% | 0.99% | 0.98% |
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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 6 | 3 | 3 | 3 | 6 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 9 | 9 | 9 | 5 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $441.90M | $616.64M | $581.16M | $302.53M | $412.36M | $5.00B | $653.85M | $513.94M | $592.23M | $490.09M | $410.43M | $433.04M | $351.27M | $324.87M | $314.92M | $366.16M | $386.01M | $397.94M |
| Avg Forecast | $496.22M | $516.33M | $501.61M | $449.27M | $469.51M | $478.22M | $466.04M | $439.20M | $450.04M | $457.73M | $452.71M | $541.24M | $480.01M | $494.40M | $511.28M | $492.04M | $404.30M | $486.88M | $447.69M | $447.31M | $383.57M | $377.41M | $340.91M | $325.39M | $340.58M | $302.78M | $288.81M | $349.03M | $353.51M | $335.43M |
| High Forecast | $507.04M | $527.58M | $512.54M | $459.06M | $479.74M | $488.64M | $476.20M | $452.89M | $456.44M | $461.18M | $452.73M | $649.49M | $489.26M | $515.44M | $522.42M | $590.45M | $485.16M | $486.88M | $447.69M | $536.77M | $383.57M | $377.41M | $340.91M | $390.47M | $340.58M | $302.78M | $288.81M | $418.83M | $353.51M | $335.43M |
| Low Forecast | $486.72M | $506.44M | $492.00M | $440.66M | $460.51M | $469.06M | $457.12M | $428.67M | $443.64M | $454.28M | $452.69M | $432.99M | $471.91M | $471.61M | $501.49M | $393.63M | $323.44M | $486.88M | $447.69M | $357.85M | $383.57M | $377.41M | $340.91M | $260.31M | $340.58M | $302.78M | $288.81M | $279.22M | $353.51M | $335.43M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.92% | 1.25% | 1.14% | 0.61% | 1.02% | 10.27% | 1.46% | 1.15% | 1.54% | 1.30% | 1.20% | 1.33% | 1.03% | 1.07% | 1.09% | 1.05% | 1.09% | 1.19% |
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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 6 | 3 | 3 | 3 | 6 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 9 | 9 | 9 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $23.17M | $28.63M | $25.43M | $25.54M | $33.34M | $21.38M | $21.78M | $17.50M | $15.62M | $25.39M | $24.04M | $16.28M | $15.59M | $17.96M | $14.72M | $16.91M | $17.47M | $14.33M |
| Avg Forecast | $26.76M | $27.08M | $26.41M | $25.78M | $24.72M | $24.91M | $24.38M | $23.83M | $23.70M | $23.65M | $23.41M | $24.18M | $22.99M | $22.96M | $22.41M | $21.99M | $10.19M | $27.42M | $25.67M | $19.99M | $23.75M | $22.21M | $20.70M | $12.23M | $19.00M | $18.70M | $18.33M | $16.12M | $18.65M | $18.98M |
| High Forecast | $27.21M | $27.54M | $26.85M | $26.21M | $25.13M | $25.33M | $24.79M | $24.43M | $23.90M | $23.69M | $23.41M | $29.02M | $23.39M | $23.89M | $22.78M | $26.38M | $12.22M | $27.42M | $25.67M | $23.98M | $23.75M | $22.21M | $20.70M | $14.68M | $19.00M | $18.70M | $18.33M | $19.34M | $18.65M | $18.98M |
| Low Forecast | $26.37M | $26.68M | $26.02M | $25.40M | $24.35M | $24.54M | $24.02M | $23.43M | $23.30M | $23.61M | $23.41M | $19.35M | $22.59M | $21.22M | $22.08M | $17.59M | $8.15M | $27.42M | $25.67M | $15.99M | $23.75M | $22.21M | $20.70M | $9.78M | $19.00M | $18.70M | $18.33M | $12.89M | $18.65M | $18.98M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.25% | 1.14% | 1.16% | 3.27% | 0.78% | 0.85% | 0.88% | 0.66% | 1.14% | 1.16% | 1.33% | 0.82% | 0.96% | 0.80% | 1.05% | 0.94% | 0.75% |
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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 6 | 3 | 3 | 3 | 6 | 8 | 5 | 4 | 4 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 9 | 9 | 9 | 5 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $2.51 | $3.51 | $3.31 | $1.72 | $2.07 | $28.52 | $3.44 | $2.65 | $3.38 | $2.53 | $1.98 | $2.21 | $1.67 | $1.41 | $1.41 | $1.80 | $1.88 | $1.94 |
| Avg Forecast | $2.82 | $2.94 | $2.85 | $2.55 | $2.67 | $2.72 | $2.65 | $2.50 | $2.56 | $2.60 | $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 | $2.88 | $3.00 | $2.91 | $2.61 | $2.73 | $2.78 | $2.71 | $2.58 | $2.60 | $2.62 | $2.57 | $2.49 | $2.78 | $2.93 | $2.97 | $2.75 | $2.71 | $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 |
| Low Forecast | $2.77 | $2.88 | $2.80 | $2.51 | $2.62 | $2.67 | $2.60 | $2.44 | $2.52 | $2.58 | $2.57 | $2.49 | $2.68 | $2.68 | $2.85 | $2.64 | $2.60 | $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 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.92% | 1.25% | 1.14% | 0.64% | 0.78% | 10.31% | 1.35% | 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 $2.49 and a high estimate of $2.49. This represents a -0.87% decrease compared to PSA previous annual EPS of $2.51 (Dec 23).
Public Storage Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| COLD | Americold Realty Trust | $22.81 | $32.25 | 41.39% | Buy |
| IIPR | Innovative Industrial Properties | $105.30 | $136.00 | 29.15% | Hold |
| REXR | Rexford Industrial Realty | $42.68 | $54.00 | 26.52% | Buy |
| PLD | Prologis | $114.54 | $142.87 | 24.73% | Buy |
| EGP | EastGroup Properties | $171.01 | $191.00 | 11.69% | Buy |
| NSA | National Storage Affiliates Trust | $43.90 | $49.00 | 11.62% | Hold |
| STAG | STAG Industrial | $35.99 | $39.69 | 10.28% | Buy |
| CUBE | CubeSmart | $48.31 | $52.00 | 7.64% | Buy |
| EXR | Extra Space Storage | $165.04 | $174.09 | 5.48% | Buy |
| PSA | Public Storage | $332.86 | $336.91 | 1.22% | Buy |
| LSI | Life Storage | $133.10 | $131.14 | -1.47% | Buy |