Truist starts coverage with USD 317 target for Public Storage stock

Published on 10/09/2026 at 16:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 2.60 percent to USD 1.23 billion. Public Storage stock costs EUR 255.05 on October 9, 2026 versus EUR 254.70.

Key points in brief

Truist started coverage on October 1, 2026, with a Buy rating and a USD 317.00 target, down from USD 338.00.
Second-quarter 2026 revenue rose 2.60 percent to USD 1.23 billion, while core FFO per share fell 2.60 percent to USD 4.17.
Public Storage stock was trading at EUR 255.05 at Lang & Schwarz on October 9, 2026, up 0.14 percent versus the prior close.
Public Storage is scheduled to report third-quarter 2026 results on October 26, 2026, followed by a conference call on October 27.

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Public Storage (ISIN US74460D1090) was trading at EUR 255.05 at Lang & Schwarz on October 9, 2026, up 0.14 percent versus the prior close of EUR 254.70. According to Markets Insider on October 1, 2026, Truist started coverage with a Buy rating and a USD 317.00 price target, down from USD 338.00.

Three dated catalysts

On March 16, 2026, Public Storage agreed to acquire National Storage Affiliates for USD 8.60 billion, according to Simply Wall St. On July 29, 2026, second-quarter revenue rose 2.60 percent year over year to USD 1.23 billion, while core FFO per share declined 2.60 percent to USD 4.17, according to Zacks. On October 1, 2026, Truist set its USD 317.00 target after starting coverage, compared with USD 338.00 previously.

What does the guidance show?

Public Storage raised its full-year 2026 core FFO per share guidance to USD 16.75-17.05 from USD 16.35-17.00. The revised range came alongside a 2.20 percent decline in same-store net operating income and a 0.60 percent fall in same-store revenue during the second quarter, according to Zacks. The contrast matters: acquisition and development activity supported consolidated growth while the mature same-store portfolio faced cost and demand pressure.

Next dates carry the setup

Public Storage is scheduled to release third-quarter 2026 results after the market close on October 26, 2026. Its conference call is scheduled for October 27, 2026, at 11:00 a.m. CT, according to ScanX.

NYSE context and euro quote

Public Storage has a market capitalization of USD 53.4 billion as of October 9, 2026, while its NYSE quotation was last at USD 286.11 at 10:15 a.m. EDT, up 0.21 percent from USD 285.52. The primary-exchange 52-week range is USD 256.54 to USD 335.55, keeping the US quotation below its yearly high while the euro quote remains close to the prior Lang & Schwarz close.

Public Storage was trading at EUR 255.05 at Lang & Schwarz on October 9, 2026 at 4:07 p.m. CEST, plus 0.14 percent versus the prior close of EUR 254.70. The further course of trading is shown by the continuously updated real-time quote of Public Storage stock.