Truist cut its target for Public Storage stock to USD 317.00

Published on 10/13/2026 at 11:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter 2026 revenue reached USD 1.24 billion. Public Storage stock was EUR 259.55 on October 13, 2026, between EUR 258.30 and EUR 260.80.

Truist cut its Public Storage price target from USD 338.00 to USD 317.00 on October 1, 2026, while keeping a Buy rating.
Public Storage reported USD 1.24 billion of revenue and USD 742.9 million of funds from operations in the second quarter of 2026.
Public Storage was trading at EUR 259.55 at Lang & Schwarz on October 13, 2026, at 11:09 a.m. CEST.
Third-quarter 2026 results are scheduled for October 26, 2026, with a conference call on October 27, 2026.

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Public Storage (ISIN US74460D1090) was trading at EUR 259.55 at Lang & Schwarz on October 13, 2026, at 11:09 a.m. CEST, between the EUR 258.30 bid and EUR 260.80 ask. The latest analyst action came on October 1, 2026, when Truist cut its target from USD 338.00 to USD 317.00 while maintaining a Buy rating, as Markets Insider reported.

Truist cuts the target

The reduction of USD 21.00 represents a 6.21 percent cut from the former USD 338.00 target. Truist still described the stock as a Buy, pointing to industry consolidation and a recovering operating environment in its research note, according to Markets Insider.

The broader analyst picture is less uniform. MarketBeat reported seven Buy ratings and 14 Holds, with a consensus target of USD 325.11 on October 2, 2026.

Second-quarter figures set the baseline

Public Storage reported USD 1.24 billion of revenue and USD 742.9 million of funds from operations in the second quarter of 2026, with funds from operations per share at USD 4.20, according to Simply Wall St. Revenue increased 3.20 percent from the second quarter of 2025, while funds from operations rose 23.00 percent over the same period.

The primary listing is on the NYSE, where the stock's 52-week range was USD 256.54 to USD 335.55 and market capitalization was USD 53.9 billion as of October 12, 2026. Public Storage's operating scale remains central to the valuation debate: the company owns and operates self-storage properties, while analysts are weighing acquisition integration against demand resilience.

What comes next for Public Storage?

Public Storage is scheduled to release third-quarter 2026 results after the market close on October 26, 2026, with a conference call on October 27, 2026, at 11:00 a.m. CT, according to ScanX. The next report will test whether the second-quarter revenue base and funds-from-operations growth can offset the lower Truist target.

Trading remains below the analyst target

At EUR 259.55, Public Storage was trading at Lang & Schwarz on October 13, 2026, at 11:09 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Public Storage stock.