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

Public Storage (NYSE:PSAFree Report) – Equities researchers at KeyCorp issued their Q1 2025 EPS estimates for Public Storage in a report issued on Sunday, September 8th. KeyCorp analyst T. Thomas forecasts that the real estate investment trust will earn $4.25 per share 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.

Public Storage (NYSE:PSAGet Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $2.66 earnings per share 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 analysts’ expectations of $1.16 billion. Public Storage had a return on equity of 36.55% and a net margin of 44.88%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.28 earnings per share.

Several other equities analysts have also recently weighed in on the company. Wolfe Research raised Public Storage to a “strong-buy” rating in a research note on Wednesday, September 4th. Barclays boosted their price objective on shares of Public Storage from $327.00 to $374.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Royal Bank of Canada initiated coverage on shares of Public Storage in a research report on Tuesday. They issued a “sector perform” rating and a $358.00 target price for the company. Wells Fargo & Company lifted their target price on shares of Public Storage from $310.00 to $320.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Scotiabank upped their price target on shares of Public Storage from $308.00 to $339.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.21.

View Our Latest Report on Public Storage

Public Storage Stock Performance

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

Public Storage Dividend Announcement

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

Institutional Trading of Public Storage

A number of institutional investors and hedge funds have recently modified their holdings of PSA. Private Advisor Group LLC raised 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 worth $1,399,000 after acquiring an additional 92 shares during the period. 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 valued at $427,000 after acquiring an additional 202 shares during the period. Gryphon Financial Partners LLC grew its position in shares of 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 valued at $476,000 after purchasing an additional 38 shares during the last quarter. Principal Securities Inc. bought a new position in shares of Public Storage in the fourth quarter worth about $549,000. Finally, AGF Management Ltd. acquired a new position in shares of Public Storage during the 4th quarter worth about $865,000. 78.79% of the stock is currently owned by institutional investors and hedge funds.

Public Storage Company Profile

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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.

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Earnings History and Estimates for Public Storage (NYSE:PSA)

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