Public Storage (NYSE:PSA) Releases FY 2025 Earnings Guidance

Key Points

• Public Storage has issued FY 2025 earnings per share guidance of 16.450-17.00, compared to the consensus estimate of 16.847.
• The company declared a quarterly dividend of $3.00 per share, resulting in an annualized dividend of $12.00 and a dividend yield of 4.15%.
• Public Storage's stock is currently rated as a "Moderate Buy" with an average target price of $336.93 by analysts.

Public Storage (NYSE:PSA - Get Free Report) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 16.450-17.00 for the period, compared to the consensus EPS estimate of 16.847. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PSA shares. Wells Fargo & Company cut their target price on shares of Public Storage from $330.00 to $320.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. BNP Paribas Exane began coverage on Public Storage in a research note on Tuesday, June 24th. They issued an "outperform" rating and a $331.00 price target on the stock. BNP Paribas raised Public Storage to a "strong-buy" rating in a research report on Tuesday, June 24th. Royal Bank Of Canada cut their price objective on Public Storage from $328.00 to $309.00 and set a "sector perform" rating for the company in a report on Friday. Finally, Scotiabank raised their price objective on shares of Public Storage from $305.00 to $340.00 and gave the stock a "sector outperform" rating in a report on Monday, May 12th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $335.57.

Public Storage Price Performance

Shares of PSA stock traded up $7.52 during trading hours on Friday, reaching $279.46. The company had a trading volume of 866,980 shares, compared to its average volume of 808,867. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a fifty day moving average of $293.68 and a 200-day moving average of $295.85. The company has a market capitalization of $49.03 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 4.21 and a beta of 0.86. Public Storage has a 12-month low of $256.60 and a 12-month high of $369.99.

Public Storage (NYSE:PSA - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $4.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.23 by $0.05. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.20 billion. Public Storage had a return on equity of 33.66% and a net margin of 38.13%. The business's revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $4.23 earnings per share. On average, equities analysts anticipate that Public Storage will post 16.7 earnings per share for the current year.

Public Storage Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Thursday, June 12th were issued a dividend of $3.00 per share. The ex-dividend date was Thursday, June 12th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 4.3%. Public Storage's dividend payout ratio (DPR) is currently 119.17%.

Institutional Trading of Public Storage

An institutional investor recently raised its position in Public Storage stock. Empowered Funds LLC lifted its holdings in Public Storage (NYSE:PSA - Free Report) by 13.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,186 shares of the real estate investment trust's stock after purchasing an additional 373 shares during the period. Empowered Funds LLC's holdings in Public Storage were worth $954,000 at the end of the most recent reporting period. 78.79% of the stock is currently owned by institutional investors and hedge funds.

About Public Storage

Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At December 31, 2023, we had: (i) interests in 3,044 self-storage facilities located in 40 states with approximately 218 million net rentable square feet in the United States and (ii) a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 275 self-storage facilities located in seven Western European nations with approximately 15 million net rentable square feet operated under the Shurgard brand.