Zacks Research Expects Lower Earnings for Public Storage

Public Storage (NYSE:PSA) – Analysts at Zacks Research lowered their Q1 2025 earnings per share (EPS) estimates for shares of Public Storage in a note issued to investors on Tuesday, January 28th. Zacks Research analyst R. Department now expects that the real estate investment trust will post earnings of $4.14 per share for the quarter, down from their prior estimate of $4.16. 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 $4.33 EPS, Q3 2025 earnings at $4.38 EPS, Q4 2025 earnings at $4.31 EPS, FY2025 earnings at $17.17 EPS, Q1 2026 earnings at $4.36 EPS, Q2 2026 earnings at $4.47 EPS, Q3 2026 earnings at $4.57 EPS, Q4 2026 earnings at $4.54 EPS and FY2026 earnings at $17.95 EPS.

Several other brokerages also recently commented on PSA. Truist Financial raised their price objective on shares of Public Storage from $306.00 to $340.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. Wells Fargo & Company dropped their price target on Public Storage from $375.00 to $365.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Royal Bank of Canada reduced their target price on shares of Public Storage from $358.00 to $344.00 and set a “sector perform” rating on the stock in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft raised Public Storage from a “sell” rating to a “hold” rating and raised their price target for the stock from $298.00 to $299.00 in a research note on Friday, January 10th. Finally, Barclays dropped their target price on shares of Public Storage from $380.00 to $361.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Seven investment 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 stock. According to data from MarketBeat.com, Public Storage currently has a consensus rating of “Moderate Buy” and a consensus target price of $344.54.

Public Storage Stock Up 0.2 %

PSA stock opened at $298.50 on Thursday. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $52.27 billion, a price-to-earnings ratio of 31.00, a P/E/G ratio of 4.74 and a beta of 0.74. The business’s 50-day moving average is $309.85 and its two-hundred day moving average is $325.62. Public Storage has a fifty-two week low of $256.31 and a fifty-two week high of $369.99.

Insiders Place Their Bets

In other news, insider Nathaniel A. Vitan sold 450 shares of Public Storage stock in a transaction on Friday, December 13th. The stock was sold at an average price of $317.99, for a total value of $143,095.50. Following the completion of the sale, the insider now directly owns 2,364 shares of the company’s stock, valued at approximately $751,728.36. The trade was a 15.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 11.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Public Storage

Hedge funds have recently bought and sold shares of the company. Quent Capital LLC increased its position in shares of Public Storage by 135.1% during the fourth quarter. Quent Capital LLC now owns 87 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 50 shares during the period. Prospera Private Wealth LLC acquired a new position in Public Storage during the 3rd quarter worth $34,000. Ashton Thomas Securities LLC purchased a new stake in Public Storage during the 3rd quarter worth about $38,000. Synergy Asset Management LLC acquired a new stake in Public Storage in the 4th quarter valued at about $38,000. Finally, Compagnie Lombard Odier SCmA purchased a new position in shares of Public Storage in the 3rd quarter valued at about $50,000. Institutional investors and hedge funds own 78.79% of the company’s stock.

Public Storage Company Profile

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.