Analysts Set Expectations for Public Storage FY2025 Earnings

Public Storage (NYSE:PSA) – Stock analysts at Zacks Research lifted their FY2025 earnings per share estimates for shares of Public Storage in a research report issued on Wednesday, November 19th. Zacks Research analyst Team now forecasts that the real estate investment trust will post earnings per share of $16.93 for the year, up from their prior forecast of $16.85. 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 2026 earnings at $4.39 EPS, Q3 2026 earnings at $4.41 EPS, FY2026 earnings at $17.43 EPS, Q2 2027 earnings at $4.57 EPS and Q3 2027 earnings at $4.64 EPS.

PSA has been the subject of a number of other research reports. Scotiabank cut their price target on shares of Public Storage from $340.00 to $333.00 and set a “sector outperform” rating for the company in a report on Thursday, August 28th. Wells Fargo & Company increased their price objective on Public Storage from $320.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Deutsche Bank Aktiengesellschaft raised Public Storage from a “hold” rating to a “buy” rating and set a $325.00 target price for the company in a research note on Monday, October 13th. Royal Bank Of Canada reduced their target price on Public Storage from $309.00 to $307.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Finally, Barclays lowered their price target on Public Storage from $351.00 to $349.00 and set an “overweight” rating for the company in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Public Storage has an average rating of “Moderate Buy” and a consensus target price of $325.38.

Public Storage Price Performance

Shares of PSA stock opened at $265.97 on Thursday. The company has a debt-to-equity ratio of 2.04, a current ratio of 1.77 and a quick ratio of 1.77. The company has a market capitalization of $46.67 billion, a PE ratio of 27.62, a price-to-earnings-growth ratio of 4.72 and a beta of 0.91. The firm’s 50-day moving average is $288.06 and its two-hundred day moving average is $291.22. Public Storage has a 12 month low of $256.60 and a 12 month high of $355.87.

Public Storage (NYSE:PSA) last announced its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $4.31 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.07. Public Storage had a net margin of 39.53% and a return on equity of 35.67%. During the same quarter in the previous year, the business posted $4.20 EPS. The business’s quarterly revenue was down 5.4% on a year-over-year basis. Public Storage has set its FY 2025 guidance at 16.700-17.000 EPS.

Public Storage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Monday, December 15th. Public Storage’s dividend payout ratio is 124.61%.

Institutional Investors Weigh In On Public Storage

A number of institutional investors have recently modified their holdings of the company. TCW Group Inc. grew its stake in Public Storage by 5.2% in the 1st quarter. TCW Group Inc. now owns 13,696 shares of the real estate investment trust’s stock worth $4,099,000 after acquiring an additional 676 shares during the period. Jump Financial LLC acquired a new stake in shares of Public Storage during the first quarter worth $1,124,000. Vanguard Group Inc. grew its position in shares of Public Storage by 0.7% in the first quarter. Vanguard Group Inc. now owns 20,735,896 shares of the real estate investment trust’s stock valued at $6,206,046,000 after purchasing an additional 143,575 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Public Storage by 3.0% in the first quarter. The Manufacturers Life Insurance Company now owns 103,972 shares of the real estate investment trust’s stock valued at $31,118,000 after purchasing an additional 2,990 shares during the period. Finally, Meridian Wealth Management LLC increased its stake in Public Storage by 181.2% in the first quarter. Meridian Wealth Management LLC now owns 3,712 shares of the real estate investment trust’s stock valued at $1,111,000 after purchasing an additional 2,392 shares during the last quarter. 78.79% of the stock is owned by institutional investors and hedge funds.

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.