Public Storage to Post Q1 2025 Earnings of $4.14 Per Share, Zacks Research Forecasts (NYSE:PSA)

Public Storage (NYSE:PSA) – Analysts at Zacks Research reduced their Q1 2025 earnings per share (EPS) estimates for Public Storage in a research report issued to clients and investors on Thursday, September 26th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will post earnings of $4.14 per share for the quarter, down from their previous forecast of $4.16. The consensus estimate for Public Storage’s current full-year earnings is $16.75 per share. Zacks Research also issued estimates for Public Storage’s Q3 2025 earnings at $4.43 EPS, Q4 2025 earnings at $4.39 EPS, FY2025 earnings at $17.27 EPS and Q2 2026 earnings at $4.50 EPS.

A number of other analysts have also recently commented on the company. Wells Fargo & Company boosted their price objective on Public Storage from $310.00 to $320.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Citigroup increased their price target on Public Storage from $303.00 to $378.00 and gave the company a “buy” rating in a report on Friday, August 30th. Scotiabank boosted their price objective on Public Storage from $308.00 to $339.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 22nd. Evercore ISI raised their target price on Public Storage from $334.00 to $343.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Finally, Bank of America cut shares of Public Storage from a “buy” rating to a “neutral” rating and set a $318.00 price target on the stock. in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $339.08.

Public Storage Trading Up 0.0 %

Shares of Public Storage stock opened at $356.64 on Monday. Public Storage has a fifty-two week low of $233.18 and a fifty-two week high of $366.80. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $62.42 billion, a P/E ratio of 32.39, a price-to-earnings-growth ratio of 5.10 and a beta of 0.67. The firm has a 50-day simple moving average of $332.45 and a two-hundred day simple moving average of $298.29.

Public Storage (NYSE:PSA) last released its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $2.66 earnings per share for the quarter, missing analysts’ consensus estimates of $4.20 by ($1.54). The company had revenue of $921.70 million for the quarter, compared to analysts’ expectations of $1.16 billion. Public Storage had a net margin of 44.88% and a return on equity of 36.55%. During the same quarter in the previous year, the business posted $4.28 EPS. The business’s quarterly revenue was down 1.0% on a year-over-year basis.

Public Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a dividend of $3.00 per share. The ex-dividend date is Friday, September 13th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.36%. Public Storage’s payout ratio is currently 108.99%.

Institutional Trading of Public Storage

Several institutional investors have recently added to or reduced their stakes in PSA. Gryphon Financial Partners LLC grew its stake in shares of Public Storage by 2.5% in the fourth quarter. Gryphon Financial Partners LLC now owns 1,562 shares of the real estate investment trust’s stock valued at $476,000 after buying an additional 38 shares in the last quarter. Signet Financial Management LLC raised its stake in shares of Public Storage by 2.1% in the first quarter. Signet Financial Management LLC now owns 1,913 shares of the real estate investment trust’s stock valued at $555,000 after acquiring an additional 39 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Public Storage by 0.9% in the second quarter. Assenagon Asset Management S.A. now owns 4,174 shares of the real estate investment trust’s stock valued at $1,201,000 after purchasing an additional 39 shares during the period. Brookstone Capital Management grew its stake in Public Storage by 3.4% during the 1st quarter. Brookstone Capital Management now owns 1,222 shares of the real estate investment trust’s stock worth $354,000 after purchasing an additional 40 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC increased its holdings in Public Storage by 3.5% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 1,232 shares of the real estate investment trust’s stock worth $357,000 after purchasing an additional 42 shares during the period. Institutional investors and hedge funds 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.