Public Storage downgraded by BMO Capital Markets with a new price target
$PSA
Real Estate Investment Trusts
Real Estate
BMO Capital Markets downgraded Public Storage from Outperform to Market Perform and set a new price target of $325.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/24/2025 | $331.00 | Outperform | BNP Paribas Exane |
| 6/20/2025 | $325.00 | Outperform → Market Perform | BMO Capital Markets |
| 4/22/2025 | $368.00 | Neutral → Buy | BofA Securities |
| 4/10/2025 | Hold → Buy | Truist | |
| 4/9/2025 | $305.00 | Sector Perform → Sector Outperform | Scotiabank |
| 1/10/2025 | $298.00 → $299.00 | Sell → Hold | Deutsche Bank |
| 9/10/2024 | $358.00 | Sector Perform | RBC Capital Mkts |
| 8/5/2024 | $318.00 | Buy → Neutral | BofA Securities |
Public Storage (NYSE:PSA, the "Company")) announced today that the Company's subsidiary, Public Storage Operating Company ("PSOC"), has priced a public offering of $875 million aggregate principal amount of senior notes (the "Notes"). The Notes will be guaranteed by the Company. The Notes will be issued in two tranches with a weighted average interest rate of approximately 4.661%. The first tranche of $475 million aggregate principal amount of fixed rate senior notes due 2030 will bear interest at an annual rate of 4.375%, will be issued at 99.707% of par value and will mature on July 1, 2030 (the "2030 Notes"). Including the impact of interest rate swaps, the effective interest rate of t
Public Storage (NYSE:PSA) announced today that on May 7, 2025, our Board of Trustees declared a regular quarterly common dividend of $3.00 per common share. The Board also declared dividends with respect to our various series of preferred shares. All the dividends are payable on June 27, 2025, to shareholders of record as of June 12, 2025. About Public Storage Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At March 31, 2025, we: (i) owned and/or operated 3,399 self-storage facilities located in 40 states with approximately 247 million net rentable square feet in the United States and (ii) owned a 35% common
Public Storage (NYSE:PSA) announced today operating results for the three months ended March 31, 2025. "Public Storage's first quarter performance was in-line with our expectations and reflected broad operational stabilization across the portfolio," said Joe Russell, President and Chief Executive Officer. "We lead a resilient industry that is underpinned by needs-based customer demand and affordable rents relative to other space alternatives. Our investment in strategic initiatives across the company continues to distinguish our performance. We are growing our portfolio utilizing significant retained cash flow and our industry-leading balance sheet, while our experienced operations team se
8-K - Public Storage (0001393311) (Filer)
FWP - Public Storage (0001393311) (Subject)
S-8 - Public Storage (0001393311) (Filer)
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