Q1 2025 Earnings Estimate for Public Storage (NYSE:PSA) Issued By KeyCorp

Public Storage (NYSE:PSA) – Equities researchers at KeyCorp issued their Q1 2025 earnings estimates for Public Storage in a research report issued to clients and investors on Sunday, September 8th. KeyCorp analyst T. Thomas expects that the real estate investment trust will post earnings per share of $4.25 for the quarter. The consensus estimate for Public Storage’s current full-year earnings is $16.72 per share. KeyCorp also issued estimates for Public Storage’s Q2 2025 earnings at $4.41 EPS, Q3 2025 earnings at $4.46 EPS and Q4 2025 earnings at $4.45 EPS.

Other equities research analysts have also issued research reports about the stock. Evercore ISI increased their price objective on shares of Public Storage from $330.00 to $334.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 28th. Truist Financial downgraded Public Storage from a “buy” rating to a “hold” rating and set a $306.00 price target on the stock. in a report on Thursday, August 1st. Scotiabank upped their price objective on Public Storage from $308.00 to $339.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 22nd. Wells Fargo & Company increased their target price on Public Storage from $310.00 to $320.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Finally, Royal Bank of Canada initiated coverage on shares of Public Storage in a report on Tuesday. They set a “sector perform” rating and a $358.00 price target for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Public Storage currently has an average rating of “Moderate Buy” and an average price target of $326.21.

Public Storage Trading Up 0.0 %

Public Storage stock opened at $359.23 on Tuesday. Public Storage has a 1 year low of $233.18 and a 1 year high of $361.23. The firm’s 50-day moving average is $317.38 and its 200-day moving average is $291.90. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $62.87 billion, a P/E ratio of 32.63, a PEG ratio of 5.72 and a beta of 0.67.

Public Storage (NYSE:PSA) last posted its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $2.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.20 by ($1.54). The firm had revenue of $921.70 million for the quarter, compared to analyst estimates of $1.16 billion. Public Storage had a net margin of 44.88% and a return on equity of 36.55%. The business’s revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $4.28 earnings per share.

Public Storage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $12.00 annualized dividend and a yield of 3.34%. Public Storage’s payout ratio is 108.99%.

Institutional Trading of Public Storage

Institutional investors have recently modified their holdings of the company. Private Advisor Group LLC lifted its holdings in Public Storage by 2.0% in the 4th quarter. Private Advisor Group LLC now owns 4,587 shares of the real estate investment trust’s stock valued at $1,399,000 after acquiring an additional 92 shares during the last quarter. Apollon Wealth Management LLC boosted its holdings in Public Storage by 16.9% during the fourth quarter. Apollon Wealth Management LLC now owns 1,400 shares of the real estate investment trust’s stock worth $427,000 after buying an additional 202 shares in the last quarter. Gryphon Financial Partners LLC grew its position in Public Storage by 2.5% in the fourth quarter. Gryphon Financial Partners LLC now owns 1,562 shares of the real estate investment trust’s stock worth $476,000 after buying an additional 38 shares during the last quarter. Principal Securities Inc. acquired a new position in Public Storage in the fourth quarter worth approximately $549,000. Finally, AGF Management Ltd. bought a new position in shares of Public Storage in the fourth quarter valued at $865,000. 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.