Public Storage Expected to Post Q1 2025 Earnings of $4.25 Per Share (NYSE:PSA)

Public Storage (NYSE:PSA) – Equities research analysts at KeyCorp issued their Q1 2025 earnings per share estimates for Public Storage in a note issued to investors on Sunday, September 8th. KeyCorp analyst T. Thomas expects that the real estate investment trust will post earnings per share of $4.25 for the quarter. The consensus estimate for Public Storage’s current full-year earnings is $16.72 per share. KeyCorp also issued estimates for Public Storage’s Q2 2025 earnings at $4.41 EPS, Q3 2025 earnings at $4.46 EPS and Q4 2025 earnings at $4.45 EPS.

Public Storage (NYSE:PSA) last posted its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $2.66 earnings per share for the quarter, missing the consensus estimate of $4.20 by ($1.54). Public Storage had a return on equity of 36.55% and a net margin of 44.88%. The company had revenue of $921.70 million during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the company posted $4.28 earnings per share. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis.

Other equities research analysts also recently issued research reports about the company. Evercore ISI raised their price target on Public Storage from $330.00 to $334.00 and gave the company an “in-line” rating in a research report on Wednesday, August 28th. Scotiabank raised their price objective on Public Storage from $308.00 to $339.00 and gave the company a “sector perform” rating in a report on Thursday, August 22nd. Truist Financial lowered Public Storage from a “buy” rating to a “hold” rating and set a $306.00 target price for the company. in a research note on Thursday, August 1st. Wolfe Research raised shares of Public Storage to a “strong-buy” rating in a research note on Wednesday, September 4th. Finally, Barclays boosted their price objective on shares of Public Storage from $327.00 to $374.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $326.21.

Public Storage Stock Performance

NYSE PSA opened at $359.12 on Tuesday. Public Storage has a 52-week low of $233.18 and a 52-week high of $361.23. The company has a fifty day moving average of $315.94 and a 200-day moving average of $291.42. The company has a market capitalization of $62.85 billion, a P/E ratio of 32.62, a P/E/G ratio of 5.72 and a beta of 0.67. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.93 and a current ratio of 0.93.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PSA. Norges Bank purchased a new stake in Public Storage in the fourth quarter worth about $821,151,000. Daiwa Securities Group Inc. boosted its position in shares of Public Storage by 86.8% during the first quarter. Daiwa Securities Group Inc. now owns 645,168 shares of the real estate investment trust’s stock valued at $187,137,000 after purchasing an additional 299,826 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in Public Storage by 34.4% in the first quarter. Canada Pension Plan Investment Board now owns 1,100,705 shares of the real estate investment trust’s stock worth $319,270,000 after purchasing an additional 281,800 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Public Storage by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,432,643 shares of the real estate investment trust’s stock worth $1,575,794,000 after purchasing an additional 219,391 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Public Storage by 1.0% during the first quarter. Vanguard Group Inc. now owns 20,946,291 shares of the real estate investment trust’s stock valued at $6,075,681,000 after buying an additional 217,487 shares during the period. Institutional investors own 78.79% of the company’s stock.

Public Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $3.00 dividend. The ex-dividend date is Friday, September 13th. This represents a $12.00 annualized dividend and a dividend yield of 3.34%. Public Storage’s payout ratio is presently 108.99%.

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.