Zacks Research Expects Lower Earnings for Public Storage

Key Points

• Zacks Research has reduced its Q3 2025 earnings estimate for Public Storage to $4.23 per share, down from $4.25, with the full-year earnings estimate at $16.70 per share.
• Public Storage reported a quarterly earnings result of $4.28 per share, exceeding analyst estimates, and had a revenue of $1.20 billion for the quarter.
• Recent downgrades from several research firms have led to varied price targets for Public Storage, now averaging at $335.43 among analysts.

Public Storage (NYSE:PSA - Free Report) - Stock analysts at Zacks Research decreased their Q3 2025 earnings per share estimates for shares of Public Storage in a note issued to investors on Wednesday, August 20th. Zacks Research analyst Team now expects that the real estate investment trust will post earnings per share of $4.23 for the quarter, down from their prior estimate 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 FY2025 earnings at $16.85 EPS, Q1 2026 earnings at $4.16 EPS, Q2 2026 earnings at $4.32 EPS, Q4 2026 earnings at $4.48 EPS, FY2026 earnings at $17.38 EPS, Q1 2027 earnings at $4.41 EPS, Q2 2027 earnings at $4.54 EPS and FY2027 earnings at $18.29 EPS.

A number of other equities analysts have also recently commented on PSA. BNP Paribas Exane initiated coverage on Public Storage in a research note on Tuesday, June 24th. They issued an "outperform" rating and a $331.00 price target on the stock. Mizuho lifted their price target on Public Storage from $287.00 to $309.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. BNP Paribas raised Public Storage to a "strong-buy" rating in a research note on Tuesday, June 24th. Wall Street Zen cut Public Storage from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Finally, Wells Fargo & Company decreased their price target on Public Storage from $330.00 to $320.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $335.43.

Public Storage Trading Down 0.3%

Public Storage stock traded down $0.79 during trading hours on Monday, reaching $289.05. The company had a trading volume of 760,164 shares, compared to its average volume of 776,412. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.77 and a quick ratio of 1.77. The company has a 50-day moving average price of $287.66 and a 200 day moving average price of $294.34. The firm has a market cap of $50.71 billion, a price-to-earnings ratio of 31.52, a P/E/G ratio of 4.81 and a beta of 0.86. Public Storage has a 12-month low of $256.60 and a 12-month high of $369.99.

Public Storage (NYSE:PSA - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $4.28 earnings per share for the quarter, beating analysts' consensus estimates of $4.23 by $0.05. The company had revenue of $1.20 billion for the quarter, compared to analysts' expectations of $1.20 billion. Public Storage had a return on equity of 34.06% and a net margin of 38.13%.Public Storage's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the firm posted $4.23 EPS. Public Storage has set its FY 2025 guidance at 16.450-17.00 EPS.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PSA. Retirement Planning Co of New England Inc. raised its stake in shares of Public Storage by 1.6% in the first quarter. Retirement Planning Co of New England Inc. now owns 2,084 shares of the real estate investment trust's stock worth $624,000 after purchasing an additional 33 shares during the last quarter. Shum Financial Group Inc. raised its stake in shares of Public Storage by 1.7% in the first quarter. Shum Financial Group Inc. now owns 2,089 shares of the real estate investment trust's stock worth $625,000 after purchasing an additional 35 shares during the last quarter. Whitener Capital Management Inc. raised its stake in shares of Public Storage by 2.3% in the second quarter. Whitener Capital Management Inc. now owns 1,610 shares of the real estate investment trust's stock worth $472,000 after purchasing an additional 36 shares during the last quarter. Rosenberg Matthew Hamilton raised its stake in shares of Public Storage by 9.5% in the second quarter. Rosenberg Matthew Hamilton now owns 416 shares of the real estate investment trust's stock worth $122,000 after purchasing an additional 36 shares during the last quarter. Finally, Patrick M Sweeney & Associates Inc. raised its stake in shares of Public Storage by 3.5% in the second quarter. Patrick M Sweeney & Associates Inc. now owns 1,070 shares of the real estate investment trust's stock worth $317,000 after purchasing an additional 36 shares during the last quarter. Hedge funds and other institutional investors own 78.79% of the company's stock.

Public Storage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 4.2%. Public Storage's dividend payout ratio is presently 130.86%.

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.