Q1 EPS Estimates for Public Storage Reduced by Analyst

Public Storage (NYSE:PSA) – Zacks Research reduced their Q1 2025 earnings per share estimates for shares of Public Storage in a report released on Thursday, March 13th. Zacks Research analyst R. Department now anticipates that the real estate investment trust will earn $4.10 per share for the quarter, down from their previous estimate 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.

Other equities research analysts also recently issued research reports about the stock. Truist Financial boosted their target price 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. Deutsche Bank Aktiengesellschaft raised Public Storage from a “sell” rating to a “hold” rating and boosted their price objective for the company from $298.00 to $299.00 in a report on Friday, January 10th. Scotiabank reduced their target price 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. Barclays reiterated an “overweight” rating and issued a $354.00 price target (down from $361.00) on shares of Public Storage in a report on Wednesday, March 12th. Finally, 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 research note on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Public Storage has an average rating of “Moderate Buy” and a consensus price target of $339.69.

Public Storage Stock Up 0.7 %

Shares of NYSE:PSA opened at $300.37 on Monday. The firm has a market cap of $52.69 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 4.91 and a beta of 0.73. The company has a fifty day simple moving average of $299.89 and a 200 day simple moving average of $323.18. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.77. Public Storage has a 12-month low of $256.31 and a 12-month high of $369.99.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PSA. Lansforsakringar Fondforvaltning AB publ bought a new position in shares of Public Storage in the fourth quarter worth $37,022,000. Phocas Financial Corp. bought a new position in Public Storage in the 4th quarter valued at about $213,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Public Storage in the 4th quarter valued at about $99,157,000. Azzad Asset Management Inc. ADV increased its stake in Public Storage by 1.5% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 4,696 shares of the real estate investment trust’s stock valued at $1,406,000 after buying an additional 70 shares during the period. Finally, Integrated Advisors Network LLC raised its position in shares of Public Storage by 1.4% during the 4th quarter. Integrated Advisors Network LLC now owns 3,067 shares of the real estate investment trust’s stock worth $918,000 after buying an additional 41 shares in the last quarter. Institutional investors own 78.79% of the company’s stock.

Public Storage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Thursday, March 13th will be issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 4.00%. The ex-dividend date of this dividend is Thursday, March 13th. Public Storage’s dividend payout ratio (DPR) is 112.89%.

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.