KeyCorp Has Negative Outlook of Public Storage Q1 Earnings

Public Storage (NYSE:PSA - Free Report) - Research analysts at KeyCorp cut their Q1 2025 earnings estimates for shares of Public Storage in a note issued to investors on Wednesday, March 5th. KeyCorp analyst T. Thomas now expects that the real estate investment trust will post earnings per share of $4.11 for the quarter, down from their prior 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.

Other analysts also recently issued research reports about the stock. Barclays decreased their price objective on shares of Public Storage from $380.00 to $361.00 and set an "overweight" rating for the company in a research note on Monday, January 13th. Wells Fargo & Company decreased their price objective on shares of Public Storage from $365.00 to $330.00 and set an "overweight" rating for the company in a research note on Friday, February 21st. Royal Bank of Canada decreased 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 research note on Wednesday, February 26th. Truist Financial lifted their price target on shares of Public Storage from $306.00 to $340.00 and gave the company a "hold" rating in a research note on Thursday, December 5th. Finally, Scotiabank decreased their price target on shares of Public Storage from $338.00 to $333.00 and set a "sector perform" rating for the company in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Public Storage currently has an average rating of "Moderate Buy" and an average target price of $340.23.

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Public Storage Trading Up 1.8 %

NYSE PSA traded up $5.56 during trading on Friday, hitting $313.99. The stock had a trading volume of 895,178 shares, compared to its average volume of 707,990. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market capitalization of $55.08 billion, a price-to-earnings ratio of 32.61, a P/E/G ratio of 4.91 and a beta of 0.73. Public Storage has a one year low of $256.31 and a one year high of $369.99. The stock has a 50 day simple moving average of $299.31 and a 200 day simple moving average of $324.76.

Public Storage Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Thursday, March 13th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 3.82%. The ex-dividend date is Thursday, March 13th. Public Storage's payout ratio is 112.89%.

Insider Activity at Public Storage

In other Public Storage news, insider Nathaniel A. Vitan sold 450 shares of Public Storage stock in a transaction on Friday, December 13th. The shares were sold at an average price of $317.99, for a total value of $143,095.50. Following the transaction, the insider now directly owns 2,364 shares of the company's stock, valued at approximately $751,728.36. The trade was a 15.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Public Storage

Several institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Public Storage in the fourth quarter worth about $931,286,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Public Storage by 732.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,543,857 shares of the real estate investment trust's stock worth $561,763,000 after acquiring an additional 1,358,493 shares during the period. Adelante Capital Management LLC raised its position in shares of Public Storage by 389.9% in the third quarter. Adelante Capital Management LLC now owns 1,463,338 shares of the real estate investment trust's stock worth $532,465,000 after acquiring an additional 1,164,630 shares during the period. FMR LLC raised its position in shares of Public Storage by 20.9% in the third quarter. FMR LLC now owns 5,025,869 shares of the real estate investment trust's stock worth $1,828,763,000 after acquiring an additional 869,066 shares during the period. Finally, Northern Trust Corp raised its position in shares of Public Storage by 43.4% in the fourth quarter. Northern Trust Corp now owns 2,476,596 shares of the real estate investment trust's stock worth $741,592,000 after acquiring an additional 749,913 shares during the period. 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.