KeyCorp Has Pessimistic View of Public Storage Q1 Earnings

Public Storage (NYSE:PSA) – Equities researchers at KeyCorp decreased their Q1 2025 earnings per share (EPS) estimates for shares of Public Storage in a report released on Wednesday, March 5th. KeyCorp analyst T. Thomas now anticipates that the real estate investment trust will post earnings per share of $4.11 for the quarter, down from their previous estimate of $4.25. The consensus estimate for Public Storage’s current full-year earnings is $16.70 per share. KeyCorp also issued estimates for Public Storage’s Q2 2025 earnings at $4.24 EPS, Q3 2025 earnings at $4.24 EPS, Q4 2025 earnings at $4.21 EPS, FY2025 earnings at $16.80 EPS, Q1 2026 earnings at $4.19 EPS, Q2 2026 earnings at $4.40 EPS, Q3 2026 earnings at $4.44 EPS, Q4 2026 earnings at $4.42 EPS and FY2026 earnings at $17.45 EPS.

Several other equities research analysts have also weighed in on the company. Truist Financial lifted their price objective on Public Storage from $306.00 to $340.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft raised Public Storage from a “sell” rating to a “hold” rating and lifted their target price for the company from $298.00 to $299.00 in a report on Friday, January 10th. Scotiabank reduced their target price on Public Storage from $338.00 to $333.00 and set a “sector perform” rating for the company in a report on Wednesday. Wells Fargo & Company reduced their target price on Public Storage from $365.00 to $330.00 and set an “overweight” rating for the company in a report on Friday, February 21st. Finally, Royal Bank of Canada reduced their target price on Public Storage from $342.00 to $329.00 and set a “sector perform” rating for the company in a report on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $340.23.

Public Storage Trading Up 1.8 %

Shares of PSA opened at $313.99 on Friday. The business has a 50-day moving average of $299.31 and a 200 day moving average of $324.77. Public Storage has a fifty-two week low of $256.31 and a fifty-two week high of $369.99. The firm has a market cap of $55.08 billion, a P/E ratio of 32.61, a price-to-earnings-growth ratio of 4.91 and a beta of 0.73. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.97 and a current ratio of 0.97.

Public Storage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 13th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.82%. Public Storage’s dividend payout ratio (DPR) is presently 112.89%.

Insider Activity

In other news, insider Nathaniel A. Vitan sold 450 shares of Public Storage stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $317.99, for a total transaction of $143,095.50. Following the completion of the sale, the insider now owns 2,364 shares in the company, valued at approximately $751,728.36. This trade represents a 15.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 11.00% of the company’s stock.

Institutional Trading of Public Storage

A number of hedge funds have recently bought and sold shares of the company. Haverford Trust Co lifted its position in Public Storage by 0.7% in the 3rd quarter. Haverford Trust Co now owns 4,282 shares of the real estate investment trust’s stock worth $1,558,000 after buying an additional 30 shares during the last quarter. Huntington National Bank lifted its position in Public Storage by 5.4% in the 3rd quarter. Huntington National Bank now owns 645 shares of the real estate investment trust’s stock worth $235,000 after buying an additional 33 shares during the last quarter. Chesapeake Wealth Management lifted its position in Public Storage by 2.2% in the 3rd quarter. Chesapeake Wealth Management now owns 1,538 shares of the real estate investment trust’s stock worth $560,000 after buying an additional 33 shares during the last quarter. Lindenwold Advisors INC lifted its position in Public Storage by 0.8% in the 3rd quarter. Lindenwold Advisors INC now owns 4,390 shares of the real estate investment trust’s stock worth $1,597,000 after buying an additional 34 shares during the last quarter. Finally, Doliver Advisors LP lifted its position in Public Storage by 2.6% in the 4th quarter. Doliver Advisors LP now owns 1,446 shares of the real estate investment trust’s stock worth $433,000 after buying an additional 36 shares during the last quarter. Institutional investors own 78.79% of the company’s stock.

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.