Q3 EPS Estimates for Public Storage Raised by Zacks Research

Public Storage (NYSE:PSA) – Equities researchers at Zacks Research upped their Q3 2025 EPS estimates for Public Storage in a research note issued on Wednesday, May 21st. Zacks Research analyst R. Department now forecasts that the real estate investment trust will earn $4.25 per share for the quarter, up from their previous estimate of $4.24. 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 FY2025 earnings at $16.81 EPS and Q4 2026 earnings at $4.41 EPS.

Several other equities research analysts have also recently commented on PSA. Barclays dropped their price objective on Public Storage from $354.00 to $351.00 and set an “overweight” rating on the stock in a research report on Friday, May 16th. Royal Bank of Canada dropped their price target on shares of Public Storage from $329.00 to $328.00 and set a “sector perform” rating on the stock in a report on Friday, May 2nd. Wells Fargo & Company decreased their price objective on shares of Public Storage from $365.00 to $330.00 and set an “overweight” rating for the company in a report on Friday, February 21st. Truist Financial upgraded shares of Public Storage from a “hold” rating to a “buy” rating and set a $310.00 target price on the stock in a report on Thursday, April 10th. Finally, Bank of America boosted their target price on shares of Public Storage from $368.00 to $380.00 and gave the company a “buy” rating in a research note on Tuesday, May 13th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $337.42.

Public Storage Stock Up 0.0%

Public Storage stock opened at $295.94 on Friday. Public Storage has a 12 month low of $256.60 and a 12 month high of $369.99. The stock has a fifty day simple moving average of $293.74 and a two-hundred day simple moving average of $305.00. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.77. The firm has a market cap of $51.92 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 4.91 and a beta of 0.91.

Public Storage (NYSE:PSA) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $4.12 earnings per share for the quarter, topping analysts’ consensus estimates of $4.06 by $0.06. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. Public Storage had a net margin of 40.54% and a return on equity of 34.07%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the business earned $4.03 EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PSA. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in 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 worth $16,089,000 after purchasing an additional 2,566 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Public Storage by 30.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 136,676 shares of the real estate investment trust’s stock worth $40,926,000 after buying an additional 31,662 shares in the last quarter. Meridian Wealth Management LLC bought a new position in shares of Public Storage in the fourth quarter worth about $395,000. Aew Capital Management L P raised its stake in shares of Public Storage by 108.6% in the fourth quarter. Aew Capital Management L P now owns 439,400 shares of the real estate investment trust’s stock worth $131,574,000 after buying an additional 228,740 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in shares of Public Storage by 53.5% during the 4th quarter. Jones Financial Companies Lllp now owns 19,234 shares of the real estate investment trust’s stock valued at $5,759,000 after buying an additional 6,706 shares in the last quarter. Hedge funds and other institutional investors own 78.79% of the company’s stock.

Public Storage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, June 12th will be given a $3.00 dividend. The ex-dividend date of this dividend is Thursday, June 12th. This represents a $12.00 annualized dividend and a yield of 4.05%. Public Storage’s payout ratio is presently 119.17%.

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.