Zacks Research Raises Earnings Estimates for Public Storage

Public Storage (NYSE:PSA - Free Report) - Research analysts at Zacks Research boosted their Q3 2025 earnings estimates for shares of Public Storage in a research report issued on Wednesday, May 21st. Zacks Research analyst R. Department now anticipates that the real estate investment trust will earn $4.25 per share for the quarter, up from their previous forecast of $4.24. 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 FY2025 earnings at $16.81 EPS and Q4 2026 earnings at $4.41 EPS.

Several other research firms have also recently weighed in on PSA. Scotiabank boosted their price target 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. Evercore ISI upped their price objective on Public Storage from $297.00 to $309.00 and gave the company an "in-line" rating in a research note on Friday, May 2nd. 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 increased their target price on Public Storage from $368.00 to $380.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Finally, Mizuho started coverage on Public Storage in a research note on Wednesday, April 9th. They issued a "neutral" rating and a $287.00 target price for the company. 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $337.42.

Public Storage Stock Up 0.6%

NYSE PSA traded up $1.86 during trading hours on Friday, hitting $302.00. The company's stock had a trading volume of 301,112 shares, compared to its average volume of 743,998. 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 company's 50-day simple moving average is $293.81 and its two-hundred day simple moving average is $304.03. The company has a market capitalization of $52.98 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 4.91 and a beta of 0.91. Public Storage has a 52 week low of $256.60 and a 52 week high of $369.99.

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, beating the consensus estimate of $4.06 by $0.06. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. Public Storage had a net margin of 40.54% and a return on equity of 34.07%. The firm's revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.03 EPS.

Institutional Investors Weigh In On Public Storage

Institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in Public Storage during the 4th quarter valued at about $931,286,000. Nuveen LLC purchased a new position in shares of Public Storage during the first quarter valued at approximately $271,196,000. Northern Trust Corp raised its holdings in shares of Public Storage by 43.4% during the fourth quarter. Northern Trust Corp now owns 2,476,596 shares of the real estate investment trust's stock valued at $741,592,000 after acquiring an additional 749,913 shares in the last quarter. Cohen & Steers Inc. lifted its stake in Public Storage by 12.3% in the fourth quarter. Cohen & Steers Inc. now owns 5,433,001 shares of the real estate investment trust's stock worth $1,626,731,000 after acquiring an additional 592,944 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Public Storage by 34,827.1% in the 1st quarter. GAMMA Investing LLC now owns 524,955 shares of the real estate investment trust's stock worth $157,114,000 after purchasing an additional 523,452 shares during the period. Hedge funds and other institutional investors own 78.79% of the company's stock.

Public Storage Dividend Announcement

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 issued a dividend of $3.00 per share. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.97%. Public Storage's dividend payout ratio is 119.17%.

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.