Public Storage stock gets a Buy rating at a USD 317 target

Published on 10/05/2026 at 19:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Public Storage stock traded at USD 281.86 on October 5, 2026, while Truist set a USD 317.00 target. Q2 revenue reached USD 1.23 billion.

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Public Storage (ISIN US74460D1090) was trading at USD 281.86 on the NYSE on October 5, 2026, down 0.69 percent, with a market capitalization of USD 52.6 billion. The latest analyst action came on October 2, when Truist Financial initiated coverage with a Buy rating and a USD 317.00 price target, according to MarketBeat.

Truist sets a USD 317 target

Truist's target lies 12.5 percent above the October 5 trading price. The brokerage had previously used a USD 338.00 target before setting the new level, making the latest view a lower target despite the Buy rating, as Markets Insider reported on October 1, 2026.

The broader view is less bullish. MarketBeat listed seven Buy ratings and 14 Hold ratings, producing a Hold consensus and an average target of USD 325.11 on October 2, 2026; that target lies 15.3 percent above the current trading price.

Q2 revenue reached USD 1.23 billion

Public Storage reported second-quarter 2026 revenue of USD 1.23 billion and EPS of USD 4.17 in the market summary carried by MarketBeat. The reported EPS exceeded the USD 2.53 consensus estimate by USD 1.64, while revenue declined 0.5 percent from the prior year.

Standardized Q2 figures show diluted GAAP EPS of USD 2.55 and net income of USD 502.9 million for the quarter ended June 30, 2026. That distinction matters for investors because the higher USD 4.17 figure is presented as the operating measure in the linked market coverage, while GAAP earnings provide the statutory comparison.

Dividend payment is scheduled for October 6

Public Storage declared a USD 3.00 quarterly common dividend payable on October 6, 2026, to shareholders of record on September 15, 2026, according to Simply Wall St. The payment equals USD 12.00 on an annualized basis and frames the stock as an income-oriented REIT while operating results remain mixed.

Public Storage stock trades below its yearly high

Public Storage was trading at USD 281.86 on October 5, 2026, with a session range of USD 281.26 to USD 284.38 and volume of 326,530 shares. Its 52-week range was USD 256.54 to USD 335.55, placing the share price 16.0 percent below the high and leaving the analyst target as the main near-term valuation reference.