Public Storage Shares: Navigating a Persistent Downtrend

The self-storage real estate investment trust Public Storage continues to experience sustained downward pressure. On Thursday, the stock concluded trading at $274.28, marking a 0.3% decline. Throughout the session, share values fluctuated between $273.73 and $277.23.

Market technicians paint a concerning picture for the REIT. Both short-term and long-term moving averages currently indicate selling pressure. The Relative Strength Index reading of 23 suggests the stock has reached significantly oversold territory. However, investors should note that oversold conditions don't guarantee an immediate rebound—some securities continue declining before eventually reversing direction.

Key technical levels to monitor include:
* Support: $273.96
* Resistance: $279.00
* Expected Trading Range: $271.50 to $277.06

Sustained Decline Across Multiple Timeframes

The recent losses extend well beyond single-day performance. Public Storage shares have declined in seven of the last ten trading sessions, resulting in a cumulative 2.3% decrease. The downward trend becomes more pronounced over longer periods, with a 6.7% drop over thirty days and a substantial 15.8% decline across twelve months. A particularly damaging nine-session losing streak in early November drove the equity down by as much as 11%.

Wall Street's Contrarian Outlook

Despite the persistent price deterioration, financial analysts maintain their favorable stance on the company. The consensus rating stands at "Moderate Buy" with an average price target of $325.38—approximately 18.7% above current valuation. Among fifteen covering analysts, eight recommend "Buy," one suggests "Strong Buy," and six advise "Hold."

Should investors sell immediately? Or is it worth buying Public Storage?

Recent adjustments to price targets reveal mixed sentiment:
* Jefferies reduced their target from $342 to $331
* Goldman Sachs raised their projection from $323 to $332
* Evercore ISI adjusted downward from $317 to $315
* RBC trimmed their target from $309 to $307

Fundamental Performance and Strategic Expansion

The company's operational results provide some justification for analyst confidence. Public Storage delivered robust third-quarter 2025 results, with net income climbing to $461.4 million ($2.62 per share). Core Funds From Operations advanced 2.6% to $4.31 per share. Based on this performance, management raised their full-year 2025 guidance.

The REIT continues its expansion strategy despite market headwinds. During the third quarter, Public Storage acquired 49 self-storage facilities encompassing 3.4 million square feet for $511.4 million. Year-to-date acquisitions total 6.1 million square feet, with cumulative investments reaching $934.5 million.

The company maintained its quarterly dividend at $3.00 per share. In a separate September transaction, a subsidiary issued €425 million in bonds, with proceeds allocated toward repaying maturing debt obligations. The Same-Store margin remained healthy at 78.5%.