Zacks Research Expects Increased Earnings for Public Storage

Public Storage (NYSE:PSA) – Zacks Research lifted their Q1 2025 earnings per share (EPS) estimates for Public Storage in a research note issued to investors on Wednesday, November 20th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will post earnings of $4.16 per share for the quarter, up from their previous estimate of $4.14. The consensus estimate for Public Storage’s current full-year earnings is $16.73 per share. Zacks Research also issued estimates for Public Storage’s FY2025 earnings at $17.33 EPS, Q1 2026 earnings at $4.40 EPS, Q2 2026 earnings at $4.53 EPS, Q3 2026 earnings at $4.63 EPS and FY2026 earnings at $18.16 EPS.

Other equities analysts have also issued research reports about the stock. Scotiabank upped their price objective on shares of Public Storage from $308.00 to $339.00 and gave the company a “sector perform” rating in a report on Thursday, August 22nd. Wolfe Research raised Public Storage to a “strong-buy” rating in a research note on Wednesday, September 4th. Barclays decreased their price objective on Public Storage from $381.00 to $380.00 and set an “overweight” rating for the company in a report on Tuesday, November 12th. Bank of America cut Public Storage from a “buy” rating to a “neutral” rating and set a $318.00 target price on the stock. in a report on Monday, August 5th. Finally, Evercore ISI lowered their price objective on shares of Public Storage from $343.00 to $338.00 and set an “in-line” rating on the stock in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $339.64.

Public Storage Stock Up 0.5 %

Public Storage stock opened at $337.58 on Monday. The company has a market capitalization of $59.11 billion, a PE ratio of 35.06, a PEG ratio of 5.59 and a beta of 0.70. Public Storage has a 12-month low of $251.49 and a 12-month high of $369.99. The firm’s fifty day moving average is $343.82 and its 200 day moving average is $317.02. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be issued a dividend of $3.00 per share. The ex-dividend date is Friday, December 13th. This represents a $12.00 dividend on an annualized basis and a yield of 3.55%. Public Storage’s dividend payout ratio (DPR) is currently 124.61%.

Hedge Funds Weigh In On Public Storage

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. OFI Invest Asset Management purchased a new position in Public Storage in the second quarter valued at approximately $32,000. Prospera Private Wealth LLC purchased a new position in shares of Public Storage during the 3rd quarter valued at $34,000. Opal Wealth Advisors LLC bought a new position in shares of Public Storage during the 2nd quarter worth $36,000. Ashton Thomas Securities LLC purchased a new stake in Public Storage in the 3rd quarter worth about $38,000. Finally, EdgeRock Capital LLC purchased a new stake in Public Storage in the 2nd quarter worth about $39,000. 78.79% of the stock is owned by hedge funds and other institutional investors.

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.