Q1 2025 EPS Estimates for Public Storage (NYSE:PSA) Decreased by Analyst

Public Storage (NYSE:PSA) – Equities researchers at Zacks Research decreased their Q1 2025 earnings per share estimates for Public Storage in a report released on Thursday, September 26th. Zacks Research analyst R. Department now anticipates that the real estate investment trust will earn $4.14 per share for the quarter, down from their prior 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.

Public Storage (NYSE:PSA) last announced its earnings results on Tuesday, July 30th. The real estate investment trust reported $2.66 earnings per share (EPS) 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 the consensus estimate of $1.16 billion. Public Storage had a return on equity of 36.55% and a net margin of 44.88%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $4.28 EPS.

A number of other equities research analysts have also recently issued reports on the company. Royal Bank of Canada started coverage on Public Storage in a research report on Tuesday, September 10th. They set a “sector perform” rating and a $358.00 target price for the company. Scotiabank upped their target price on Public Storage from $308.00 to $339.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 22nd. Citigroup increased their price objective on Public Storage from $303.00 to $378.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Wells Fargo & Company raised their price objective on shares of Public Storage from $310.00 to $320.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Finally, Truist Financial downgraded shares of Public Storage from a “buy” rating to a “hold” rating and set a $306.00 price objective on the stock. in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Public Storage presently has a consensus rating of “Moderate Buy” and an average target price of $339.08.

Public Storage Stock Down 1.0 %

Shares of Public Storage stock opened at $360.06 on Monday. The stock has a market capitalization of $63.02 billion, a P/E ratio of 32.70, a PEG ratio of 5.02 and a beta of 0.67. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.72. The stock has a 50 day moving average price of $334.80 and a two-hundred day moving average price of $299.46. Public Storage has a 12-month low of $233.18 and a 12-month high of $369.99.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PSA. Daiwa Securities Group Inc. lifted its position in Public Storage by 86.8% in the first quarter. Daiwa Securities Group Inc. now owns 645,168 shares of the real estate investment trust’s stock worth $187,137,000 after purchasing an additional 299,826 shares during the period. Canada Pension Plan Investment Board lifted its position in Public Storage by 34.4% in the first quarter. Canada Pension Plan Investment Board now owns 1,100,705 shares of the real estate investment trust’s stock worth $319,270,000 after purchasing an additional 281,800 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Public Storage by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,432,643 shares of the real estate investment trust’s stock worth $1,575,794,000 after purchasing an additional 219,391 shares during the period. Vanguard Group Inc. lifted its position in Public Storage by 1.0% in the first quarter. Vanguard Group Inc. now owns 20,946,291 shares of the real estate investment trust’s stock worth $6,075,681,000 after purchasing an additional 217,487 shares during the period. Finally, AQR Capital Management LLC lifted its position in Public Storage by 116.7% in the second quarter. AQR Capital Management LLC now owns 387,217 shares of the real estate investment trust’s stock worth $111,077,000 after purchasing an additional 208,546 shares during the period. 78.79% of the stock is owned by institutional investors.

Public Storage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a $3.00 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $12.00 annualized dividend and a yield of 3.33%. Public Storage’s dividend payout ratio (DPR) is currently 108.99%.

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.