financetom
Personal Finance
financetom
/
Personal Finance
/
Research Alert: CFRA Keeps Hold Opinion On Shares Of Public Storage
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Research Alert: CFRA Keeps Hold Opinion On Shares Of Public Storage
May 1, 2026 1:25 PM

03:55 PM EDT, 05/01/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our target by $4 to $322 on a forward P/FFO of 19.2x our 2026 FFO estimate, a premium to self-storage peers at 16.7x and to PSA's three-year forward average P/FFO of 17.4x. We decrease our 2025 FFO view by $0.26 to $16.73 and decrease 2027 by $0.09 to $17.93. Q1's most positive news was a material reduction in customer churn that led to lower move-out activity, improving occupancy by 40 bps Y/Y. If this continues throughout FY 2026 we would have to increase our FFO outlook. However, weakness remains in the Sun Belt markets, with Atlanta, Phoenix, and parts of Florida facing headwinds from negative same-property revenue growth Y/Y. Los Angeles also remains a drag, with the state of emergency negatively impacting pricing and creating an 80 bps drag on same-store revenue growth this year. We expect PSA's top-line performance to weaken in Q2-Q3 this year with revenue headwinds before the outlook improves in Q4 heading into 2027.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Research Alert: CFRA Reiterates Buy Opinion On Shares Of Carnival Corporation & Plc
Research Alert: CFRA Reiterates Buy Opinion On Shares Of Carnival Corporation & Plc
Sep 30, 2025
01:50 PM EDT, 09/30/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We raise our 12-month target by $2 to $35 based on an unchanged FY 26 (Nov.) P/E of 14x, which is slightly below its 16x long-term average forward multiple, reflecting...
Research Alert: CFRA Keeps Buy Opinion On Shares Of Jefferies Financial Group Inc.
Research Alert: CFRA Keeps Buy Opinion On Shares Of Jefferies Financial Group Inc.
Sep 30, 2025
01:00 PM EDT, 09/30/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We hold our 12-month target price at $76 on a P/E of 17.5x our FY 26 (Nov.) EPS view, in line with peers. We increase our FY 25 EPS estimate...
Research Alert: CFRA Keeps Buy Opinion On Shares Of Seagate Technology Holdings Plc
Research Alert: CFRA Keeps Buy Opinion On Shares Of Seagate Technology Holdings Plc
Sep 30, 2025
01:35 PM EDT, 09/30/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lift our 12-month target to $275 from $174, shifting to 22x our CY 27 EPS view of $12.50. We lift our FY 26 EPS view to $10.74 from $10.24...
Research Alert: CFRA Maintains Buy Opinion On Shares Of Cencora Inc.
Research Alert: CFRA Maintains Buy Opinion On Shares Of Cencora Inc.
Sep 29, 2025
12:30 AM EDT, 09/30/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We raise our 12-month price target by $35 to $350, 20x our FY 26 (Sep.) EPS estimate (down $0.01 to $17.46; FY 25 estimate up $0.02 to $15.94), a premium...
Copyright 2023-2026 - www.financetom.com All Rights Reserved