Zacks Research Predicts Reduced Earnings for Public Storage

Public Storage (NYSE:PSA - Free Report) - Equities researchers at Zacks Research cut their Q1 2025 EPS estimates for Public Storage in a research note issued to investors on Tuesday, January 28th. Zacks Research analyst R. Department now anticipates that the real estate investment trust will post earnings of $4.14 per share for the quarter, down from their prior forecast of $4.16. 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 2025 earnings at $4.33 EPS, Q3 2025 earnings at $4.38 EPS, Q4 2025 earnings at $4.31 EPS, FY2025 earnings at $17.17 EPS, Q1 2026 earnings at $4.36 EPS, Q2 2026 earnings at $4.47 EPS, Q3 2026 earnings at $4.57 EPS, Q4 2026 earnings at $4.54 EPS and FY2026 earnings at $17.95 EPS.

Several other research analysts have also issued reports on PSA. Barclays dropped their price target on shares of Public Storage from $380.00 to $361.00 and set an "overweight" rating for the company in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft upgraded Public Storage from a "sell" rating to a "hold" rating and raised their target price for the stock from $298.00 to $299.00 in a research report on Friday, January 10th. Royal Bank of Canada dropped their price objective on Public Storage from $358.00 to $344.00 and set a "sector perform" rating for the company in a research note on Friday, November 8th. Truist Financial lifted their price objective on Public Storage from $306.00 to $340.00 and gave the company a "hold" rating in a report on Thursday, December 5th. Finally, Wells Fargo & Company lowered their target price on shares of Public Storage from $375.00 to $365.00 and set an "overweight" rating on the stock in a report on Tuesday, November 5th. Seven investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Public Storage currently has an average rating of "Moderate Buy" and an average price target of $344.54.

Public Storage Price Performance

Shares of NYSE:PSA traded down $2.64 during midday trading on Thursday, reaching $295.84. 745,851 shares of the company's stock were exchanged, compared to its average volume of 725,048. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.97 and a current ratio of 0.97. The company's 50 day simple moving average is $309.06 and its two-hundred day simple moving average is $325.85. Public Storage has a 12 month low of $256.31 and a 12 month high of $369.99. The firm has a market capitalization of $51.81 billion, a PE ratio of 30.72, a price-to-earnings-growth ratio of 4.81 and a beta of 0.74.

Insider Activity at Public Storage

In other Public Storage news, insider Nathaniel A. Vitan sold 450 shares of the company's stock in a transaction on Friday, December 13th. The stock was sold at an average price of $317.99, for a total transaction of $143,095.50. Following the transaction, the insider now owns 2,364 shares of the company's stock, valued at approximately $751,728.36. This represents a 15.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Public Storage

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Petredis Investment Advisors LLC increased its stake in Public Storage by 0.4% during the 3rd quarter. Petredis Investment Advisors LLC now owns 6,862 shares of the real estate investment trust's stock worth $2,497,000 after purchasing an additional 30 shares in the last quarter. S.A. Mason LLC boosted its holdings in shares of Public Storage by 3.8% in the third quarter. S.A. Mason LLC now owns 825 shares of the real estate investment trust's stock valued at $300,000 after buying an additional 30 shares during the period. Haverford Trust Co increased its position in shares of Public Storage by 0.7% during the third quarter. Haverford Trust Co now owns 4,282 shares of the real estate investment trust's stock worth $1,558,000 after acquiring an additional 30 shares in the last quarter. Huntington National Bank raised its holdings in shares of Public Storage by 5.4% during the third quarter. Huntington National Bank now owns 645 shares of the real estate investment trust's stock worth $235,000 after acquiring an additional 33 shares during the period. Finally, Chesapeake Wealth Management lifted its position in Public Storage by 2.2% in the 3rd quarter. Chesapeake Wealth Management now owns 1,538 shares of the real estate investment trust's stock valued at $560,000 after acquiring an additional 33 shares in the last quarter. 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.