Zacks Research Raises Earnings Estimates for Public Storage

Public Storage (NYSE:PSA - Free Report) - Investment analysts at Zacks Research boosted their Q3 2025 earnings per share (EPS) 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 post earnings of $4.25 per share for the quarter, up from their prior 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.

A number of other research firms have also weighed in on PSA. Barclays dropped their target price on shares of Public Storage from $354.00 to $351.00 and set an "overweight" rating for the company in a report on Friday, May 16th. Evercore ISI increased their price objective on Public Storage from $297.00 to $309.00 and gave the stock an "in-line" rating in a report on Friday, May 2nd. Wells Fargo & Company reduced their target price on Public Storage from $365.00 to $330.00 and set an "overweight" rating on the stock in a research note on Friday, February 21st. Scotiabank raised their price target on Public Storage from $305.00 to $340.00 and gave the stock a "sector outperform" rating in a research note on Monday, May 12th. Finally, Royal Bank of Canada cut their price target on shares of Public Storage from $329.00 to $328.00 and set a "sector perform" rating on the stock in a report on Friday, May 2nd. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $337.42.

Public Storage Price Performance

Shares of Public Storage stock opened at $295.94 on Friday. The company's fifty day simple moving average is $293.74 and its two-hundred day simple moving average is $305.00. Public Storage has a 12-month low of $256.60 and a 12-month high of $369.99. The firm has a market cap of $51.92 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 4.91 and a beta of 0.91. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.77.

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

Public Storage Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Thursday, June 12th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend is Thursday, June 12th. Public Storage's dividend payout ratio (DPR) is presently 119.17%.

Institutional Trading of Public Storage

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Quent Capital LLC boosted its stake in Public Storage by 135.1% during the fourth quarter. Quent Capital LLC now owns 87 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 50 shares in the last quarter. Ameriflex Group Inc. purchased a new position in shares of Public Storage during the fourth quarter valued at approximately $30,000. Spectrum Wealth Counsel LLC bought a new stake in shares of Public Storage in the 1st quarter worth approximately $30,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Public Storage in the 4th quarter worth approximately $32,000. Finally, Opal Wealth Advisors LLC bought a new position in Public Storage during the 1st quarter valued at approximately $36,000. 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.

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