Public Storage Q1 EPS Estimate Decreased by Zacks Research

Public Storage (NYSE:PSA - Free Report) - Stock analysts at Zacks Research decreased their Q1 2026 earnings per share (EPS) estimates for shares of Public Storage in a research note issued on Wednesday, May 21st. Zacks Research analyst R. Department now anticipates that the real estate investment trust will post earnings per share of $4.18 for the quarter, down from their prior forecast of $4.25. The consensus estimate for Public Storage's current full-year earnings is $16.70 per share. Zacks Research also issued estimates for Public Storage's Q2 2026 earnings at $4.31 EPS, Q3 2026 earnings at $4.43 EPS, FY2026 earnings at $17.33 EPS, Q1 2027 earnings at $4.42 EPS and FY2027 earnings at $18.23 EPS.

Public Storage (NYSE:PSA - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $4.12 EPS for the quarter, topping the consensus estimate of $4.06 by $0.06. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. Public Storage had a return on equity of 34.07% and a net margin of 40.54%. The company's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $4.03 earnings per share.

Several other analysts have also issued reports on PSA. Wells Fargo & Company reduced 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. Bank of America boosted their price target on shares of Public Storage from $368.00 to $380.00 and gave the stock a "buy" rating in a report on Tuesday, May 13th. Scotiabank increased their price objective on shares of Public Storage from $305.00 to $340.00 and gave the company a "sector outperform" rating in a research note on Monday, May 12th. Evercore ISI lifted their target price on shares of Public Storage from $297.00 to $309.00 and gave the stock an "in-line" rating in a research report on Friday, May 2nd. Finally, Royal Bank of Canada cut their target price on Public Storage from $329.00 to $328.00 and set a "sector perform" rating on the stock in a research note on Friday, May 2nd. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $337.42.

Public Storage Trading Down 3.8%

NYSE PSA opened at $296.13 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.77. The business has a fifty day simple moving average of $293.82 and a 200 day simple moving average of $305.26. Public Storage has a 12 month low of $256.60 and a 12 month high of $369.99. The firm has a market capitalization of $51.95 billion, a P/E ratio of 30.75, a PEG ratio of 4.91 and a beta of 0.91.

Public Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Thursday, June 12th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date is Thursday, June 12th. Public Storage's dividend payout ratio is currently 119.17%.

Hedge Funds Weigh In On Public Storage

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quent Capital LLC lifted its stake in shares of Public Storage by 135.1% during the 4th quarter. Quent Capital LLC now owns 87 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 50 shares in the last quarter. Ameriflex Group Inc. bought a new stake in Public Storage during the 4th quarter valued at $30,000. Spectrum Wealth Counsel LLC purchased a new stake in shares of Public Storage during the first quarter worth $30,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Public Storage during the fourth quarter worth $32,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Public Storage in the first quarter worth $36,000. Institutional investors own 78.79% of the company's stock.

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.

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