Public Storage stock draws Truist coverage at USD 317 target
Published on 10/03/2026 at 21:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Public Storage stock (ISIN US74460D1090) was last at USD 283.81 on the NYSE on October 2, 2026 at 4:00 p.m. ET, down 0.07 percent from the prior close. The immediate catalyst is fresh analyst coverage, while the latest quarterly figures show earnings strength alongside softer revenue.
Truist sets USD 317 target
MarketBeat reported on October 2, 2026 that Truist Financial initiated coverage with a Buy rating and a USD 317.00 price target. That target stands USD 33.19 above the October 2 price, a 11.69 percent difference calculated against the stock price.
The same MarketBeat report listed seven Buy ratings and fourteen Hold ratings, producing a Hold consensus with an average target of USD 325.11. The split matters because the new bullish call sits inside a broader analyst picture that remains more measured.
Q2 earnings beat consensus
According to StockTitan in its coverage of the July 29, 2026 results, Public Storage reported Q2 diluted earnings per share of USD 2.55, up from USD 1.76 a year earlier. Core FFO per share was USD 4.17 versus USD 4.28 in the prior-year quarter, while same-store NOI declined 2.2 percent.
Finance data show Q2 revenue of USD 1,232.9 million and net income of USD 502.9 million for the period ended June 30, 2026. Zacks reported that fiscal 2026 Core FFO guidance was raised to USD 16.75 to USD 17.05 per share from USD 16.35 to USD 17.00.
Stock remains below yearly high
At USD 283.81, Public Storage was USD 51.74 below its 52-week high of USD 335.55 and USD 27.27 above its 52-week low of USD 256.54 on October 2, 2026. The NYSE session recorded a high of USD 288.91, a low of USD 283.60 and volume of 816,983 shares, while market capitalization stood at USD 52.9 billion.
November results date approaches
Investing.com lists November 2, 2026 as Public Storage's next earnings date. That report will give investors a fresh test of the raised FFO outlook and the balance between acquisition-related expansion and same-store operating pressure.
Public Storage stock at a glance
- Company: Public Storage
- ISIN: US74460D1090
- Ticker: PSA
- Trading venue: NYSE
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 283.81
- Market capitalization: USD 52.9 billion (as of October 2, 2026)
- 52-week range: USD 256.54-335.55 (as of October 2, 2026)
- Sector / Industry: Real Estate / REIT - Industrial
- Index membership: S&P 500
- Next earnings date: November 2, 2026
