Zacks Research Lowers Earnings Estimates for Public Storage

Public Storage (NYSE:PSA) – Research analysts at Zacks Research cut their Q4 2026 EPS estimates for Public Storage in a note issued to investors on Monday, January 12th. Zacks Research analyst Team now forecasts that the real estate investment trust will post earnings of $4.19 per share for the quarter, down from their prior forecast of $4.45. 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 Q4 2027 earnings at $4.33 EPS.

Several other equities analysts also recently weighed in on PSA. Mizuho reduced their target price on Public Storage from $310.00 to $285.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Evercore ISI cut their price objective on shares of Public Storage from $315.00 to $309.00 and set an “in-line” rating on the stock in a report on Monday, December 1st. Wall Street Zen downgraded shares of Public Storage from a “hold” rating to a “sell” rating in a report on Saturday. Deutsche Bank Aktiengesellschaft raised shares of Public Storage from a “hold” rating to a “buy” rating and set a $325.00 price target for the company in a research report on Monday, October 13th. Finally, BNP Paribas Exane decreased their price target on shares of Public Storage from $329.00 to $315.00 in a report on Tuesday, December 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Public Storage currently has a consensus rating of “Moderate Buy” and an average price target of $315.47.

Public Storage Price Performance

PSA stock opened at $279.90 on Tuesday. The stock has a market capitalization of $49.11 billion, a price-to-earnings ratio of 29.07, a price-to-earnings-growth ratio of 6.79 and a beta of 1.01. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 1.99. Public Storage has a 52-week low of $256.54 and a 52-week high of $322.49. The stock’s fifty day simple moving average is $269.42 and its 200-day simple moving average is $282.57.

Public Storage (NYSE:PSA) last announced its earnings results on Wednesday, October 29th. The real estate investment trust reported $4.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.24 by $0.07. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.21 billion. Public Storage had a net margin of 39.53% and a return on equity of 36.09%. Public Storage’s revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the business earned $4.20 earnings per share. Public Storage has set its FY 2025 guidance at 16.700-17.000 EPS.

Public Storage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were issued a dividend of $3.00 per share. The ex-dividend date was Monday, December 15th. This represents a $12.00 annualized dividend and a dividend yield of 4.3%. Public Storage’s payout ratio is presently 124.61%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PSA. Empowered Funds LLC grew its stake in shares of Public Storage by 13.3% in the first quarter. Empowered Funds LLC now owns 3,186 shares of the real estate investment trust’s stock valued at $954,000 after buying an additional 373 shares in the last quarter. Focus Partners Wealth boosted its holdings in Public Storage by 14.8% in the 1st quarter. Focus Partners Wealth now owns 16,036 shares of the real estate investment trust’s stock worth $4,800,000 after acquiring an additional 2,065 shares during the period. Modern Wealth Management LLC grew its position in Public Storage by 65.5% in the first quarter. Modern Wealth Management LLC now owns 1,521 shares of the real estate investment trust’s stock valued at $455,000 after acquiring an additional 602 shares in the last quarter. Harbor Investment Advisory LLC grew its position in Public Storage by 384.6% in the second quarter. Harbor Investment Advisory LLC now owns 189 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 150 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Public Storage by 10.9% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 551 shares of the real estate investment trust’s stock valued at $162,000 after purchasing an additional 54 shares during the period. 78.79% of the stock is owned by hedge funds and other institutional investors.

About Public Storage

Public Storage (NYSE: PSA) is a real estate investment trust (REIT) that specializes in self-storage services. Headquartered in Glendale, California, the company was founded in the early 1970s and has grown through development and acquisitions to become one of the largest owner-operators of self-storage facilities in the United States. It is publicly traded on the New York Stock Exchange under the ticker PSA.

The company’s core business is the ownership, operation and management of self-storage properties that serve both residential and commercial customers.