Truist cuts target for Public Storage stock to USD 317.00
Published on 10/08/2026 at 16:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Truist lowered its Public Storage target from USD 338.00 to USD 317.00 on October 2, 2026.
- Second-quarter 2026 revenue rose 2.60 percent to USD 1.23 billion, while core funds from operations per share fell 2.60 percent to USD 4.17.
- Public Storage stock was EUR 251.55 at Lang & Schwarz on October 8, 2026, down 0.14 percent versus the EUR 251.90 prior close.
Truist lowered its Public Storage stock target from USD 338.00 to USD 317.00 on October 2, 2026, according to Yahoo Finance. The change leaves the rating at Buy while the stock trades below the revised target in the US market.
Target falls to USD 317
The lower target arrives ahead of Public Storage's third-quarter report. MarketBeat reported on October 2 that Truist initiated coverage with a Buy rating and a USD 317.00 target, while its analyst consensus showed seven Buy ratings and 14 Hold ratings with an average target of USD 325.11.
Three dates shape the setup
On July 22, 2026, Public Storage completed the USD 8.60 billion acquisition of National Storage Affiliates Trust, according to Simply Wall St. On July 29, second-quarter revenue reached USD 1.23 billion and core funds from operations per share came to USD 4.17, according to Zacks. On October 2, Truist set the USD 317.00 target after the prior USD 338.00 level, as recorded by Yahoo Finance.
What does the target change mean?
The operating picture is mixed. Zacks reported that second-quarter revenue increased 2.60 percent year over year to USD 1.23 billion, but core funds from operations per share declined 2.60 percent from USD 4.28 a year earlier to USD 4.17.
Same-store revenue fell 0.60 percent year over year to USD 1.01 billion, while average occupancy improved to 92.50 percent. Public Storage raised its 2026 core funds from operations guidance to USD 16.75-17.05 per share from USD 16.35-17.00, creating a more constructive full-year range despite pressure in the mature portfolio.
Next results arrive October 26
Public Storage plans to release third-quarter 2026 results after the market close on October 26, 2026, and host its conference call on October 27, 2026, according to Business Wire. The dates give investors a defined checkpoint for occupancy, same-store revenue and the integration of recent acquisitions.
EUR 251.55 in trading
Public Storage was trading at EUR 251.55 at Lang & Schwarz on October 8, 2026 at 4:39 p.m. CEST, down 0.14 percent versus the EUR 251.90 prior close of October 7, 2026. The NYSE quote was USD 280.90 on October 8, 2026 at 10:50 a.m. EDT, while the 52-week range was USD 256.54 to USD 335.55.
The further course of trading is shown by the continuously updated real-time quote of Public Storage stock.
Public Storage stock facts
- Company: Public Storage
- ISIN: US74460D1090
- Ticker: PSA
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 8, 2026 at 4:39 p.m. CEST: EUR 251.55
- Change versus prior close: minus 0.14 percent
- Prior close Lang & Schwarz (October 7, 2026): EUR 251.90
- Market capitalization: USD 52.4 billion (as of October 8, 2026)
- Sector / Industry: Real Estate / REIT - Industrial
- Index membership: S&P 500
- Next earnings date: October 26, 2026
Market context: Market report S&P 500.
