Truist Securities Reiterates Buy Rating for Public Storage
Truist Securities maintains its buy rating on Public Storage, setting a target price of $338, a 5.38% upside from the current price.
Key Points
- Truist Securities reaffirmed its buy rating on Public Storage with a price target of $338 on June 23, 2026.
- Truist Securities's $338 price target implies 5.38% upside from Public Storage's ($PSA) current $320.74 share price.
- Public Storage shares traded near $320.22 on Tuesday, with a market cap of $56.22 billion and a P/E ratio of 33.11.
- Insider activity included sales by Chief Legal Officer Nathaniel Vitan and multiple buys by other insiders in May and June 2026.
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Truist Securities reiterated its buy rating for Public Storage (NYSE:PSA) on June 23, 2026, setting a target price of $338. Analyst Ki Bin Kim maintained the positive outlook on the self-storage REIT. This comes as shares of Public Storage traded around $320.22 on Tuesday.
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Analysts Set New Price Targets
On June 23, 2026, Truist Securities maintained its buy rating for Public Storage, setting a target price of $338. Evercore ISI Group also maintained a hold rating with a $318 target on the same day. Earlier in June, Scotiabank and Citigroup reaffirmed their buy ratings with targets of $342 and $363, respectively.
Public Storage Stock Up 2.3%
Shares of NYSE:PSA traded near $320.22 on Tuesday. Public Storage has a market cap of about $56.22 billion, with a P/E ratio of 33.11 and a forward P/E of 30.56. The stock's 52-week range is between $256.54 and $331.79, with a 50-day moving average of $306.29 and a 200-day moving average of $289.34. The company's current ratio stands at 0.188, and it has a debt-to-equity ratio of 107.65.
$PSA price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at Public Storage
Recent insider activity at Public Storage includes a sale by Chief Legal Officer Nathaniel Vitan, who sold 950 shares on June 12, 2026, at an average price of $324.81. Earlier, insiders Tamara Hughes Gustavson, Kristy Pipes, Rebecca Owen, Shankh Mitra, and Maria Hawthorne each purchased 3,232 shares on May 6, 2026.
About Public Storage
Public Storage, based in Glendale, California, is a leading real estate investment trust (REIT) that focuses on acquiring, developing, and operating self-storage facilities. As of March 31, 2026, it managed 3,546 facilities in the United States and held a 35% interest in Shurgard Self Storage Limited, which operates in seven Western European countries. The company was founded in 1972 and is led by CEO Mr. H. Thomas Boyle III.
Bottom Line
Truist Securities' reaffirmation of its buy rating on Public Storage reflects confidence in the company's market position and growth prospects. Investors watch such analyst updates closely as they provide insights into future expectations. It's important to note that analyst ratings and targets are forward-looking and based on various assumptions and projections.
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