Zacks Research Cuts Earnings Estimates for Public Storage

Public Storage (NYSE:PSA) – Equities research analysts at Zacks Research decreased their Q1 2025 earnings per share estimates for shares of Public Storage in a research report issued to clients and investors on Thursday, March 13th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will earn $4.10 per share for the quarter, down from their prior 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.

A number of other equities analysts also recently commented on PSA. Truist Financial increased their price objective on shares of Public Storage from $306.00 to $340.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Scotiabank reduced their price objective on shares of Public Storage from $338.00 to $333.00 and set a “sector perform” rating for the company in a research note on Wednesday, March 5th. Royal Bank of Canada reduced 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. Wells Fargo & Company reduced their price objective on shares of Public Storage from $365.00 to $330.00 and set an “overweight” rating for the company in a research note on Friday, February 21st. Finally, Barclays reiterated an “overweight” rating and issued a $354.00 target price (down from $361.00) on shares of Public Storage in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Public Storage presently has a consensus rating of “Moderate Buy” and an average target price of $339.69.

Public Storage Trading Up 1.8 %

Public Storage stock opened at $298.29 on Monday. The firm has a 50-day moving average of $299.80 and a 200-day moving average of $323.47. Public Storage has a one year low of $256.31 and a one year high of $369.99. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market cap of $52.33 billion, a price-to-earnings ratio of 30.98, a P/E/G ratio of 4.91 and a beta of 0.73.

Institutional Investors Weigh In On Public Storage

Several hedge funds have recently bought and sold shares of the stock. Huntington National Bank lifted its position in Public Storage by 5.4% during the third quarter. Huntington National Bank now owns 645 shares of the real estate investment trust’s stock worth $235,000 after acquiring an additional 33 shares during the last quarter. Chesapeake Wealth Management increased its holdings in shares of Public Storage by 2.2% during the third quarter. Chesapeake Wealth Management now owns 1,538 shares of the real estate investment trust’s stock worth $560,000 after purchasing an additional 33 shares during the period. Lindenwold Advisors INC increased its holdings in shares of Public Storage by 0.8% during the third quarter. Lindenwold Advisors INC now owns 4,390 shares of the real estate investment trust’s stock worth $1,597,000 after purchasing an additional 34 shares during the period. Doliver Advisors LP increased its holdings in shares of Public Storage by 2.6% during the fourth quarter. Doliver Advisors LP now owns 1,446 shares of the real estate investment trust’s stock worth $433,000 after purchasing an additional 36 shares during the period. Finally, Brooklyn Investment Group increased its holdings in shares of Public Storage by 3.4% during the fourth quarter. Brooklyn Investment Group now owns 1,152 shares of the real estate investment trust’s stock worth $345,000 after purchasing an additional 38 shares during the period. 78.79% of the stock is currently owned by institutional investors and hedge funds.

Public Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Thursday, March 13th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Thursday, March 13th. This represents a $12.00 annualized dividend and a yield of 4.02%. Public Storage’s dividend payout ratio (DPR) is presently 112.89%.

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.