Zacks Research Lowers Earnings Estimates for Public Storage

Public Storage (NYSE:PSA - Free Report) - Research analysts at Zacks Research lowered their Q1 2025 EPS estimates for shares of Public Storage in a report released on Thursday, March 13th. Zacks Research analyst R. Department now anticipates that the real estate investment trust will post earnings of $4.10 per share for the quarter, down from their previous forecast of $4.14. The consensus estimate for Public Storage's current full-year earnings is $16.70 per share. Zacks Research also issued estimates for Public Storage's Q2 2025 earnings at $4.22 EPS, Q3 2025 earnings at $4.24 EPS, Q4 2025 earnings at $4.22 EPS, FY2025 earnings at $16.79 EPS, Q1 2026 earnings at $4.25 EPS, Q2 2026 earnings at $4.34 EPS, Q3 2026 earnings at $4.46 EPS, Q4 2026 earnings at $4.39 EPS, FY2026 earnings at $17.44 EPS and FY2027 earnings at $18.51 EPS.

Several other research analysts also recently weighed in on PSA. Royal Bank of Canada dropped their target price on shares of Public Storage from $342.00 to $329.00 and set a "sector perform" rating on the stock in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft raised shares of Public Storage from a "sell" rating to a "hold" rating and lifted their target price for the stock from $298.00 to $299.00 in a research report on Friday, January 10th. Wells Fargo & Company dropped their target price on shares of Public Storage from $365.00 to $330.00 and set an "overweight" rating on the stock in a research report on Friday, February 21st. Truist Financial decreased their price target on shares of Public Storage from $316.00 to $310.00 and set a "hold" rating for the company in a report on Tuesday. Finally, Barclays restated an "overweight" rating and set a $354.00 price target (down from $361.00) on shares of Public Storage in a report on Wednesday, March 12th. Seven investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $338.00.

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Public Storage Trading Up 0.2 %

Shares of Public Storage stock traded up $0.63 during trading on Monday, hitting $296.25. The stock had a trading volume of 311,752 shares, compared to its average volume of 674,330. The stock has a 50 day simple moving average of $299.90 and a 200 day simple moving average of $322.67. The company has a market capitalization of $51.97 billion, a PE ratio of 30.74, a P/E/G ratio of 4.91 and a beta of 0.73. 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 has a 1 year low of $256.31 and a 1 year high of $369.99.

Public Storage Announces Dividend

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

Institutional Trading of Public Storage

A number of institutional investors and hedge funds have recently modified their holdings of PSA. Quent Capital LLC lifted its stake in shares of Public Storage by 135.1% in the fourth quarter. Quent Capital LLC now owns 87 shares of the real estate investment trust's stock worth $26,000 after buying an additional 50 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in shares of Public Storage in the fourth quarter worth $30,000. Strategic Investment Solutions Inc. IL bought a new position in Public Storage during the fourth quarter worth $32,000. Prospera Private Wealth LLC bought a new position in Public Storage during the third quarter worth $34,000. Finally, Synergy Asset Management LLC bought a new position in Public Storage during the fourth quarter worth $38,000. 78.79% of the stock is currently owned by institutional investors and hedge funds.

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.