Public Storage (PSA) Expected to Announce Earnings on Wednesday

Public Storage (NYSE:PSA - Get Free Report) is expected to be releasing its Q2 2025 earnings data after the market closes on Wednesday, July 30th. Analysts expect Public Storage to post earnings of $4.23 per share and revenue of $1.20 billion for the quarter. Public Storage has set its FY 2025 guidance at 16.350-17.000 EPS.

Public Storage (NYSE:PSA - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $4.12 EPS for the quarter, beating the consensus estimate of $4.06 by $0.06. Public Storage had a net margin of 41.74% and a return on equity of 36.50%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period last year, the firm earned $4.03 EPS. The business's quarterly revenue was up .1% compared to the same quarter last year. On average, analysts expect Public Storage to post $17 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Public Storage Price Performance

NYSE:PSA traded up $0.39 during trading hours on Friday, hitting $287.70. The stock had a trading volume of 674,373 shares, compared to its average volume of 886,742. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.55 and a quick ratio of 0.55. Public Storage has a one year low of $256.60 and a one year high of $369.99. The firm has a market capitalization of $50.47 billion, a price-to-earnings ratio of 28.57, a P/E/G ratio of 4.19 and a beta of 0.86. The company has a 50 day simple moving average of $295.05 and a two-hundred day simple moving average of $296.05.

Public Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Thursday, June 12th were paid a $3.00 dividend. The ex-dividend date was Thursday, June 12th. This represents a $12.00 dividend on an annualized basis and a yield of 4.17%. Public Storage's dividend payout ratio is currently 119.17%.

Wall Street Analysts Forecast Growth

PSA has been the topic of several research analyst reports. Royal Bank Of Canada decreased their price objective on shares of Public Storage from $329.00 to $328.00 and set a "sector perform" rating on the stock in a research report on Friday, May 2nd. Bank of America raised their price target on Public Storage from $368.00 to $380.00 and gave the company a "buy" rating in a research report on Tuesday, May 13th. Wells Fargo & Company reduced 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. Scotiabank increased their target price on Public Storage from $305.00 to $340.00 and gave the company a "sector outperform" rating in a report on Monday, May 12th. Finally, BMO Capital Markets lowered Public Storage from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $340.00 to $325.00 in a research report on Friday, June 20th. Six 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 stock has an average rating of "Moderate Buy" and an average target price of $336.93.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Public Storage stock. Empowered Funds LLC grew its stake in shares of Public Storage (NYSE:PSA - Free Report) by 13.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing. 78.79% of the stock is owned by hedge funds and other institutional investors.

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.