Public Storage (NYSE:PSA – Free Report) – Zacks Research reduced their Q1 2025 earnings per share (EPS) estimates for Public Storage in a note issued to investors on Tuesday, January 28th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will post earnings per share of $4.14 for the quarter, down from their prior forecast of $4.16. 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 $4.33 EPS, Q3 2025 earnings at $4.38 EPS, Q4 2025 earnings at $4.31 EPS, FY2025 earnings at $17.17 EPS, Q1 2026 earnings at $4.36 EPS, Q2 2026 earnings at $4.47 EPS, Q3 2026 earnings at $4.57 EPS, Q4 2026 earnings at $4.54 EPS and FY2026 earnings at $17.95 EPS.
Several other research analysts also recently commented on PSA. Wells Fargo & Company dropped their price objective on shares of Public Storage from $375.00 to $365.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft upgraded Public Storage from a “sell” rating to a “hold” rating and raised their price target for the company from $298.00 to $299.00 in a report on Friday, January 10th. Evercore ISI lowered their target price on 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. Truist Financial boosted their price target on shares of Public Storage from $306.00 to $340.00 and gave the stock a “hold” rating in a research report on Thursday, December 5th. Finally, Barclays lowered 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 report on Monday, January 13th. Seven research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $344.54.
Public Storage Price Performance
PSA stock opened at $298.11 on Thursday. 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 company’s fifty day moving average price is $310.63 and its 200-day moving average price is $325.82. Public Storage has a one year low of $256.31 and a one year high of $369.99. The company has a market capitalization of $52.20 billion, a PE ratio of 30.96, a price-to-earnings-growth ratio of 4.68 and a beta of 0.74.
Insider Buying and Selling
In related news, insider Nathaniel A. Vitan sold 450 shares of Public Storage stock in a transaction that occurred 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 completion of the transaction, the insider now owns 2,364 shares in the company, valued at approximately $751,728.36. The trade was a 15.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 11.00% of the stock is currently owned by corporate insiders.
Institutional Trading of Public Storage
Several hedge funds have recently added to or reduced their stakes in the company. State Street Corp raised its stake in Public Storage by 0.5% during the 3rd quarter. State Street Corp now owns 10,370,658 shares of the real estate investment trust’s stock worth $3,773,571,000 after acquiring an additional 55,123 shares in the last quarter. FMR LLC boosted its holdings in Public Storage by 20.9% in the 3rd quarter. FMR LLC now owns 5,025,869 shares of the real estate investment trust’s stock valued at $1,828,763,000 after purchasing an additional 869,066 shares in the last quarter. Geode Capital Management LLC grew its holdings in Public Storage by 1.4% during the third quarter. Geode Capital Management LLC now owns 3,931,572 shares of the real estate investment trust’s stock worth $1,425,941,000 after acquiring an additional 52,807 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Public Storage by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,813,136 shares of the real estate investment trust’s stock valued at $1,023,080,000 after purchasing an additional 54,992 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Public Storage by 732.9% during the 3rd 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 valued at $561,763,000 after acquiring an additional 1,358,493 shares during the period. Institutional investors and hedge funds own 78.79% of the company’s stock.
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.
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