Public Storage (PSA) Projected to Post Quarterly Earnings on Wednesday

Public Storage (NYSE:PSA) is expected to be releasing its Q1 2025 earnings data after the market closes on Wednesday, April 30th. Analysts expect Public Storage to post earnings of $4.09 per share and revenue of $1.18 billion for the quarter.

Public Storage Stock Up 0.3 %

Shares of Public Storage stock opened at $291.76 on Tuesday. The firm’s 50 day moving average price is $295.22 and its 200-day moving average price is $309.08. 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 52-week low of $256.31 and a 52-week high of $369.99. The company has a market cap of $51.18 billion, a P/E ratio of 30.30, a PEG ratio of 4.91 and a beta of 0.76.

Public Storage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Thursday, March 13th were given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend was Thursday, March 13th. Public Storage’s dividend payout ratio is presently 112.89%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Public Storage from a “sell” rating to a “hold” rating and boosted their target price for the stock from $298.00 to $299.00 in a research report on Friday, January 10th. Truist Financial raised shares of Public Storage from a “hold” rating to a “buy” rating and set a $310.00 target price on the stock in a research report on Thursday, April 10th. Bank of America upgraded shares of Public Storage from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $349.00 to $368.00 in a research note on Tuesday, April 22nd. Scotiabank upgraded shares of Public Storage from a “sector perform” rating to a “sector outperform” rating and decreased their price objective for the company from $333.00 to $305.00 in a research note on Wednesday, April 9th. Finally, Royal Bank of Canada decreased their price objective on shares of Public Storage from $342.00 to $329.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 26th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Public Storage presently has an average rating of “Moderate Buy” and a consensus price target of $336.25.

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.