Zacks Research Forecasts Weaker Earnings for Public Storage

Public Storage (NYSE:PSA) – Analysts at Zacks Research decreased their Q3 2025 earnings estimates for shares of Public Storage in a research note issued to investors on Thursday, December 26th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will post earnings of $4.42 per share for the quarter, down from their prior estimate of $4.43. The consensus estimate for Public Storage’s current full-year earnings is $16.71 per share.

A number of other brokerages have also issued reports on PSA. Truist Financial raised their price target on Public Storage from $306.00 to $340.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Royal Bank of Canada lowered their target price on shares of Public Storage from $358.00 to $344.00 and set a “sector perform” rating for the company in a research note on Friday, November 8th. Wells Fargo & Company reduced their price target on shares of Public Storage from $375.00 to $365.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Barclays lowered their price objective on shares of Public Storage from $381.00 to $380.00 and set an “overweight” rating for the company in a research report on Tuesday, November 12th. Finally, Evercore ISI reduced their target price on shares of Public Storage from $343.00 to $338.00 and set an “in-line” rating on the stock in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $342.07.

Public Storage Stock Performance

Public Storage stock opened at $295.81 on Monday. Public Storage has a 1-year low of $256.31 and a 1-year high of $369.99. The company’s 50-day moving average is $327.81 and its 200 day moving average is $325.19. The firm has a market capitalization of $51.80 billion, a P/E ratio of 30.72, a price-to-earnings-growth ratio of 5.29 and a beta of 0.71. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 4.06%. The ex-dividend date was Friday, December 13th. Public Storage’s payout ratio is 124.61%.

Insider Activity

In other news, insider Nathaniel A. Vitan sold 450 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $317.99, for a total transaction of $143,095.50. Following the transaction, the insider now owns 2,364 shares in the company, valued at $751,728.36. This represents a 15.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 11.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Prospera Private Wealth LLC acquired a new position in Public Storage in the 3rd quarter worth approximately $34,000. Ashton Thomas Securities LLC purchased a new stake in shares of Public Storage in the 3rd quarter valued at $38,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Public Storage in the third quarter worth $50,000. Harbor Capital Advisors Inc. purchased a new position in shares of Public Storage during the third quarter worth $55,000. Finally, Deseret Mutual Benefit Administrators lifted its position in Public Storage by 39.2% during the third quarter. Deseret Mutual Benefit Administrators now owns 206 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 58 shares during the period. Hedge funds and other institutional investors own 78.79% of the company’s stock.

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.