Zacks Research Cuts Earnings Estimates for Public Storage

Public Storage (NYSE:PSA) – Zacks Research reduced their Q1 2025 earnings per share (EPS) estimates for shares of Public Storage in a note issued to investors 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 brokerages also recently commented on PSA. Wells Fargo & Company reduced their target price on Public Storage from $365.00 to $330.00 and set an “overweight” rating on the stock in a report on Friday, February 21st. Truist Financial upped their price objective on Public Storage from $306.00 to $340.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Royal Bank of Canada reduced their price objective on Public Storage from $342.00 to $329.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft raised Public Storage from a “sell” rating to a “hold” rating and upped their price objective for the stock from $298.00 to $299.00 in a report on Friday, January 10th. Finally, Scotiabank reduced their price objective on Public Storage from $338.00 to $333.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 5th. Seven equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Public Storage has an average rating of “Moderate Buy” and an average price target of $339.69.

Public Storage Stock Up 1.8 %

Shares of PSA opened at $298.29 on Monday. The company has a market capitalization of $52.33 billion, a P/E ratio of 30.98, a PEG ratio of 4.91 and a beta of 0.73. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.97 and a quick ratio of 0.97. Public Storage has a one year low of $256.31 and a one year high of $369.99. The business’s 50 day simple moving average is $299.80 and its 200-day simple moving average is $323.47.

Public Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Thursday, March 13th will be given a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Thursday, March 13th. Public Storage’s dividend payout ratio is currently 112.89%.

Institutional Trading of Public Storage

Large investors have recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Public Storage by 5.0% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 53,729 shares of the real estate investment trust’s stock valued at $16,089,000 after buying an additional 2,566 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Public Storage by 3,714.6% in the 3rd quarter. Larson Financial Group LLC now owns 1,831 shares of the real estate investment trust’s stock valued at $666,000 after buying an additional 1,783 shares in the last quarter. Capital Investment Advisors LLC increased its position in shares of Public Storage by 25.4% in the 4th quarter. Capital Investment Advisors LLC now owns 28,608 shares of the real estate investment trust’s stock valued at $8,566,000 after buying an additional 5,793 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Public Storage by 114.2% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 91,521 shares of the real estate investment trust’s stock valued at $33,302,000 after buying an additional 48,803 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Public Storage by 30.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 136,676 shares of the real estate investment trust’s stock valued at $40,926,000 after buying an additional 31,662 shares in the last quarter. Institutional investors 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.