Q1 EPS Estimates for Public Storage Raised by Zacks Research

Public Storage (NYSE:PSA) – Analysts at Zacks Research boosted their Q1 2025 earnings per share estimates for shares of Public Storage in a research note issued to investors on Wednesday, November 20th. Zacks Research analyst R. Department now forecasts that the real estate investment trust will post earnings per share of $4.16 for the quarter, up from their prior estimate of $4.14. The consensus estimate for Public Storage’s current full-year earnings is $16.73 per share. Zacks Research also issued estimates for Public Storage’s FY2025 earnings at $17.33 EPS, Q1 2026 earnings at $4.40 EPS, Q2 2026 earnings at $4.53 EPS, Q3 2026 earnings at $4.63 EPS and FY2026 earnings at $18.16 EPS.

Several other equities analysts also recently issued reports on the stock. Royal Bank of Canada reduced their price objective 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. Bank of America cut Public Storage from a “buy” rating to a “neutral” rating and set a $318.00 price objective on the stock. in a report on Monday, August 5th. Citigroup upped their target price on Public Storage from $303.00 to $378.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Barclays decreased their price target on Public Storage from $381.00 to $380.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 12th. Finally, Truist Financial downgraded shares of Public Storage from a “buy” rating to a “hold” rating and set a $306.00 price objective for the company. in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, six have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $339.64.

Public Storage Price Performance

Public Storage stock opened at $347.86 on Monday. The stock has a market capitalization of $60.91 billion, a P/E ratio of 36.12, a P/E/G ratio of 5.61 and a beta of 0.70. Public Storage has a 12-month low of $252.96 and a 12-month 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 firm’s 50-day moving average is $343.52 and its two-hundred day moving average is $317.53.

Public Storage Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be given a dividend of $3.00 per share. The ex-dividend date is Friday, December 13th. This represents a $12.00 dividend on an annualized basis and a yield of 3.45%. Public Storage’s dividend payout ratio (DPR) is 124.61%.

Institutional Investors Weigh In On Public Storage

A number of large investors have recently modified their holdings of PSA. Manning & Napier Advisors LLC purchased a new position in Public Storage in the 2nd quarter worth approximately $14,301,000. Allspring Global Investments Holdings LLC grew its holdings in Public Storage by 1.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 142,255 shares of the real estate investment trust’s stock valued at $51,762,000 after purchasing an additional 2,605 shares in the last quarter. PGGM Investments grew its holdings in Public Storage by 8.0% during the 2nd quarter. PGGM Investments now owns 167,431 shares of the real estate investment trust’s stock valued at $48,162,000 after purchasing an additional 12,396 shares in the last quarter. Swedbank AB purchased a new stake in Public Storage during the 1st quarter worth $17,465,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in Public Storage by 15.6% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 20,566 shares of the real estate investment trust’s stock worth $5,916,000 after buying an additional 2,770 shares in the last quarter. 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.