Public Storage (PSA) to Release Earnings on Wednesday

Public Storage (NYSE:PSA - Get Free Report) is expected to be announcing its Q1 2025 earnings results after the market closes on Wednesday, April 30th. Analysts expect the company to announce earnings of $4.09 per share and revenue of $1.18 billion for the quarter.

Public Storage Trading Up 0.3 %

PSA stock traded up $0.85 on Monday, hitting $291.76. 844,133 shares of the company were exchanged, compared to its average volume of 738,999. Public Storage has a twelve month low of $256.31 and a twelve month high of $369.99. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.97 and a quick ratio of 0.97. The business's fifty day moving average is $295.22 and its two-hundred day moving average is $309.08. The stock has a market capitalization of $51.18 billion, a price-to-earnings ratio of 30.30, a price-to-earnings-growth ratio of 4.91 and a beta of 0.76.

Public Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Thursday, March 13th were given a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 4.11%. The ex-dividend date was Thursday, March 13th. Public Storage's payout ratio is currently 112.89%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on PSA shares. Scotiabank raised shares of Public Storage from a "sector perform" rating to a "sector outperform" rating and dropped their price objective for the stock from $333.00 to $305.00 in a research report on Wednesday, April 9th. Truist Financial raised shares of Public Storage from a "hold" rating to a "buy" rating and set a $310.00 price objective for the company in a research report on Thursday, April 10th. Royal Bank of Canada dropped their price objective on shares of Public Storage from $342.00 to $329.00 and set a "sector perform" rating for the company in a research report on Wednesday, February 26th. Bank of America raised shares of Public Storage from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $349.00 to $368.00 in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company decreased their target price on shares of Public Storage from $365.00 to $330.00 and set an "overweight" rating for the company in a research note on Friday, February 21st. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $336.25.

Public Storage Company Profile

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.