Truist cuts target for Public Storage stock from USD 338.00 to USD 317.00

Published on 10/14/2026 at 10:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Public Storage stock costs EUR 257.95 on October 14, 2026 before October 26 results. Market value was USD 53.8 billion.

Analyst target and reporting date

Truist set a USD 317.00 target on October 1, 2026, down from USD 338.00.
Second-quarter 2026 revenue reached USD 1.23 billion, up 2.60 percent year over year.
Public Storage stock traded at EUR 257.95 at 10:09 a.m. CEST at Lang & Schwarz on October 14, 2026.

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Truist cut its Public Storage target from USD 338.00 to USD 317.00 on October 1, 2026, according to Markets Insider. Public Storage stock was trading at EUR 257.95 at Lang & Schwarz on October 14, 2026 at 10:09 a.m. CEST, while the next results date is October 26, 2026.

Three dated company developments

On July 22, 2026, Public Storage completed the National Storage Affiliates Trust acquisition, an event reported in the company timeline carried by ScanX. On July 29, 2026, second-quarter revenue reached USD 1.23 billion, up 2.60 percent year over year, while Core funds from operations came to USD 4.17 per share, down 2.60 percent. On October 1, 2026, Truist assumed coverage with a Buy rating and cut its target from USD 338.00 to USD 317.00, as Markets Insider reported.

What does the second quarter show?

The operating picture was mixed. ScanX reported second-quarter Core funds from operations of USD 4.17 per share, down 2.60 percent from USD 4.28 a year earlier, while same-store revenue fell 0.60 percent and same-store net operating income declined 2.20 percent. Average same-store occupancy held at 92.50 percent, leaving acquisition integration and organic demand as separate parts of the earnings story.

The company raised full-year 2026 Core funds from operations guidance to USD 16.75 billion to USD 17.05 billion from USD 16.35 billion to USD 17.00 billion, according to ScanX. The midpoint therefore increased by USD 0.225 per share, but the guidance lift came alongside weaker same-store operating measures.

October results set the next test

Public Storage will release third-quarter 2026 results after the market close on October 26, 2026, and hold its conference call on October 27, 2026 at 11:00 a.m. CT, according to Inside Self-Storage. The release will test whether occupancy and acquired properties can offset the 2.20 percent second-quarter same-store net operating income decline.

Public Storage had a market capitalization of USD 53.8 billion as of October 13, 2026. Its 52-week range was USD 256.54 to USD 335.55, placing the latest US quote near the lower end of that span.

Price holds ahead of results

At Lang & Schwarz, Public Storage was trading at EUR 257.95 on October 14, 2026 at 10:09 a.m. CEST. The reference price is presented without a daily percentage because the dated Xetra closing base was not established in the quoted market records.

Market context: Market report S&P 500.

The further course of trading is shown by the continuously updated real-time quote of Public Storage stock.