Truist cut target to USD 317 for Public Storage stock

Published on 10/12/2026 at 11:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Truist cut its target from USD 338.00 to USD 317.00 on October 1, 2026. Public Storage stock trades at EUR 258.75 on October 12, 2026.

Truist cut its Public Storage price target from USD 338.00 to USD 317.00 on October 1, 2026.
Public Storage reported second-quarter 2026 revenue of USD 1.23 billion, up 2.60 percent year over year.
The stock was at EUR 258.75 at Lang & Schwarz on October 12, 2026 at 11:33 a.m. CEST.
Public Storage is scheduled to report third-quarter 2026 results on October 26, 2026.

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Public Storage (ISIN US74460D1090) was at EUR 258.75 at Lang & Schwarz on October 12, 2026 at 11:33 a.m. CEST. Truist had cut its target from USD 338.00 to USD 317.00 on October 1, 2026, according to Markets Insider.

Three developments shape the setup

On June 30, 2026, Public Storage reported second-quarter revenue of USD 1.23 billion and net income of USD 502.94 million, according to Business Quant. Revenue increased 2.60 percent from the year-earlier quarter, while the companys reported net income was USD 502.94 million.

On August 28, 2026, Zacks reported core funds from operations of USD 4.17 per share for the second quarter, down 2.60 percent year over year, while quarterly revenue exceeded its USD 1.21 billion consensus estimate. On October 1, Truist started coverage with a Buy rating and the USD 317.00 target, down from USD 338.00.

What does the next report test

Public Storage is scheduled to report third-quarter 2026 results on October 26, 2026. finanzen.at said estimates from 8 analysts call for revenue of USD 1.35 billion, up 9.93 percent from USD 1.22 billion in the year-earlier quarter. Seven analysts expect earnings per share of USD 2.50, down 4.58 percent from USD 2.62.

The operating mix is the key issue. Zacks reported that same-store revenue fell 0.60 percent to USD 1.01 billion in the second quarter, while revenue from acquisition, development and expansion properties rose 25.60 percent. That contrast gives the October report a clear test: can newer facilities offset pressure in the mature portfolio?

Price stays below the yearly high

On the NYSE, Public Storage was last at USD 289.86 on October 9, 2026 at 4:00 p.m. ET. The USD 256.54 to USD 335.55 52-week range places that level 13.62 percent below the high, while market capitalization stood at USD 54.1 billion.

At Lang & Schwarz, the stock was EUR 258.75 on October 12, 2026 at 11:33 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Public Storage stock.