Public Storage (NYSE:PSA) Expected to Earn Q1 2025 Earnings of $4.14 Per Share

Public Storage (NYSE:PSA) – Research analysts at Zacks Research cut their Q1 2025 earnings per share estimates for shares of Public Storage in a research report issued to clients and investors on Thursday, September 26th. Zacks Research analyst R. Department now expects that the real estate investment trust will post earnings of $4.14 per share for the quarter, down from their previous forecast of $4.16. The consensus estimate for Public Storage’s current full-year earnings is $16.75 per share. Zacks Research also issued estimates for Public Storage’s Q3 2025 earnings at $4.43 EPS, Q4 2025 earnings at $4.39 EPS, FY2025 earnings at $17.27 EPS and Q2 2026 earnings at $4.50 EPS.

Other equities analysts also recently issued research reports about the company. Wolfe Research upgraded Public Storage to a “strong-buy” rating in a research report on Wednesday, September 4th. Evercore ISI lifted their price objective on Public Storage from $334.00 to $343.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. Wells Fargo & Company lifted their price objective on Public Storage from $310.00 to $320.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Barclays lifted their price objective on Public Storage from $327.00 to $374.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Finally, Royal Bank of Canada assumed coverage on Public Storage in a research report on Tuesday, September 10th. They set a “sector perform” rating and a $358.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $339.08.

Public Storage Trading Up 2.0 %

Shares of PSA opened at $363.90 on Monday. The stock has a fifty day moving average price of $333.64 and a two-hundred day moving average price of $298.87. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.93 and a current ratio of 0.93. Public Storage has a 52-week low of $233.18 and a 52-week high of $366.80. The company has a market cap of $63.95 billion, a price-to-earnings ratio of 33.05, a PEG ratio of 5.10 and a beta of 0.67.

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

Public Storage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Friday, September 13th. Public Storage’s dividend payout ratio is currently 108.99%.

Institutional Trading of Public Storage

Hedge funds have recently bought and sold shares of the stock. Core Wealth Advisors Inc. acquired a new position in Public Storage during the fourth quarter worth $30,000. OFI Invest Asset Management bought a new position in Public Storage during the second quarter worth $32,000. Opal Wealth Advisors LLC bought a new position in Public Storage during the second quarter worth $36,000. ICA Group Wealth Management LLC bought a new position in Public Storage during the fourth quarter worth $37,000. Finally, Riverview Trust Co bought a new stake in shares of Public Storage in the first quarter valued at about $37,000. 78.79% of the stock is currently owned by institutional investors and hedge funds.

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.