Public Storage (PSA) Projected to Post Quarterly Earnings on Wednesday

Public Storage (NYSE:PSA - Get Free Report) is projected to release its Q1 2025 earnings data after the market closes on Wednesday, April 30th. Analysts expect the company to announce earnings of $4.09 per share and revenue of $1.18 billion for the quarter.

Public Storage Stock Performance

Shares of PSA opened at $296.57 on Wednesday. Public Storage has a one year low of $256.31 and a one year high of $369.99. The company has a market cap of $52.02 billion, a PE ratio of 30.80, a P/E/G ratio of 4.91 and a beta of 0.76. The stock has a 50-day moving average of $295.58 and a 200-day moving average of $310.80. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.97 and a quick ratio of 0.97.

Public Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Thursday, March 13th were paid a $3.00 dividend. The ex-dividend date was Thursday, March 13th. This represents a $12.00 dividend on an annualized basis and a yield of 4.05%. Public Storage's dividend payout ratio (DPR) is presently 112.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Bank of America upgraded Public Storage from a "neutral" rating to a "buy" rating and increased their target price for the stock from $349.00 to $368.00 in a report on Tuesday. Royal Bank of Canada reduced their price objective on shares of Public Storage from $342.00 to $329.00 and set a "sector perform" rating for the company in a report on Wednesday, February 26th. Scotiabank upgraded shares of Public Storage from a "sector perform" rating to a "sector outperform" rating and lowered their target price for the stock from $333.00 to $305.00 in a report on Wednesday, April 9th. Barclays reiterated an "overweight" rating and set a $354.00 price target (down previously from $361.00) on shares of Public Storage in a research note on Wednesday, March 12th. Finally, Wells Fargo & Company dropped their target price on Public Storage from $365.00 to $330.00 and set an "overweight" rating on the stock in a report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $336.25.

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.

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