Zacks Research Expects Weaker Earnings for Public Storage

Public Storage (NYSE:PSA - Free Report) - Stock analysts at Zacks Research dropped their Q3 2025 earnings estimates for Public Storage in a research note issued on Thursday, December 26th. Zacks Research analyst R. Department now expects that the real estate investment trust will post earnings per share of $4.42 for the quarter, down from their prior forecast of $4.43. The consensus estimate for Public Storage's current full-year earnings is $16.71 per share.

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group increased their price target on Public Storage from $360.00 to $422.00 and gave the stock a "buy" rating in a report on Wednesday, September 18th. Morgan Stanley increased their target price on Public Storage from $293.00 to $315.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 2nd. Wolfe Research raised shares of Public Storage to a "strong-buy" rating in a research note on Wednesday, September 4th. Evercore ISI lowered their price objective on shares of Public Storage from $343.00 to $338.00 and set an "in-line" rating for the company in a research report on Monday, October 14th. Finally, Barclays cut their price objective on shares of Public Storage from $381.00 to $380.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Public Storage has a consensus rating of "Moderate Buy" and an average price target of $342.07.

Public Storage Trading Down 0.8 %

Public Storage stock traded down $2.29 during mid-day trading on Monday, hitting $295.81. 549,676 shares of the company's stock were exchanged, compared to its average volume of 718,844. The company's 50 day simple moving average is $327.81 and its 200-day simple moving average is $325.19. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.77. The firm has a market capitalization of $51.80 billion, a P/E ratio of 30.72, a PEG ratio of 5.29 and a beta of 0.71. Public Storage has a fifty-two week low of $256.31 and a fifty-two week high of $369.99.

Public Storage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 4.06%. The ex-dividend date is Friday, December 13th. Public Storage's dividend payout ratio (DPR) is currently 124.61%.

Insider Activity

In other Public Storage news, insider Nathaniel A. Vitan sold 450 shares of the company's stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $317.99, for a total value of $143,095.50. Following the sale, the insider now owns 2,364 shares in the company, valued at $751,728.36. This represents a 15.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 11.00% of the company's stock.

Institutional Investors Weigh In On Public Storage

A number of large investors have recently added to or reduced their stakes in PSA. Signaturefd LLC raised its holdings in Public Storage by 13.9% in the 2nd quarter. Signaturefd LLC now owns 1,435 shares of the real estate investment trust's stock valued at $413,000 after acquiring an additional 175 shares during the period. IFG Advisory LLC bought a new position in shares of Public Storage during the second quarter worth approximately $317,000. Commonwealth Equity Services LLC lifted its holdings in Public Storage by 0.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 48,011 shares of the real estate investment trust's stock worth $13,811,000 after purchasing an additional 446 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Public Storage by 138.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,930 shares of the real estate investment trust's stock valued at $547,000 after purchasing an additional 1,121 shares during the period. Finally, Aptus Capital Advisors LLC grew its holdings in Public Storage by 25.7% in the 2nd quarter. Aptus Capital Advisors LLC now owns 21,286 shares of the real estate investment trust's stock valued at $6,123,000 after buying an additional 4,353 shares in 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.