---
title: "Public Storage: Hold Rating Reiterated as Solid Q1 Meets Cautious Outlook; $305 Price Target Maintained"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284281886.md"
description: "BMO Capital analyst Juan C. Sanabria reiterated a Hold rating on Public Storage, maintaining a price target of $305. The company's solid Q1 performance was supported by an earlier tax refund and improved move-in trends. However, concerns about weakening in-place rents and unchanged full-year guidance indicate caution. Core FFO and same-store revenue guidance remain below estimates, prompting Sanabria to reaffirm his Hold rating. Evercore ISI also maintained a Hold rating with a $309 price target."
datetime: "2026-04-27T23:55:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284281886.md)
  - [en](https://longbridge.com/en/news/284281886.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284281886.md)
---

# Public Storage: Hold Rating Reiterated as Solid Q1 Meets Cautious Outlook; $305 Price Target Maintained

BMO Capital analyst Juan C. Sanabria maintained a Hold rating on Public Storage today and set a price target of $305.00.

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Juan C. Sanabria has given his Hold rating due to a combination of factors tied to both near-term strength and tempered forward expectations. Public Storage delivered a better-than-anticipated first quarter, with same-store NOI benefitting from an earlier tax refund and solid move-in trends as discounting eased, which should support a constructive near-term share reaction.

However, he notes that in-place rents are still weakening, and management chose to leave full-year guidance unchanged, signaling caution around the key upcoming leasing season and broader macro uncertainty. Core FFO and same-store revenue guidance remain below both Street and BMO estimates, and management did not revise ancillary or non-same-store growth expectations, leading Sanabria to reaffirm a Hold rating and keep his $305 price target unchanged.

In another report released on April 13, Evercore ISI also maintained a Hold rating on the stock with a $309.00 price target.

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