Public Storage (NYSE:PSA) Updates FY 2025 Earnings Guidance

Public Storage (NYSE:PSA) updated its FY 2025 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 16.350-17.000 for the period, compared to the consensus estimate of 17.170. The company issued revenue guidance of -.

Analysts Set New Price Targets

PSA has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Public Storage from a “sell” rating to a “hold” rating and upped their price target for the stock from $298.00 to $299.00 in a research report on Friday, January 10th. Truist Financial lifted their target price on shares of Public Storage from $306.00 to $340.00 and gave the stock a “hold” rating in a research note on Thursday, December 5th. Wells Fargo & Company decreased their price target on Public Storage from $365.00 to $330.00 and set an “overweight” rating on the stock in a research note on Friday. Royal Bank of Canada decreased 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 report on Friday, November 8th. Finally, Barclays lowered their target price on Public Storage from $380.00 to $361.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Seven analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $341.85.

Public Storage Stock Down 0.6 %

Shares of NYSE PSA opened at $302.33 on Tuesday. The business has a 50-day moving average of $297.86 and a two-hundred day moving average of $325.51. The company has a market capitalization of $52.94 billion, a price-to-earnings ratio of 31.39, a price-to-earnings-growth ratio of 4.91 and a beta of 0.74. Public Storage has a 1 year low of $256.31 and a 1 year 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.

Public Storage (NYSE:PSA) last issued its earnings results on Monday, February 24th. The real estate investment trust reported $4.21 earnings per share for the quarter, missing the consensus estimate of $4.23 by ($0.02). Public Storage had a return on equity of 34.07% and a net margin of 40.54%. On average, analysts forecast that Public Storage will post 16.7 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Nathaniel A. Vitan sold 450 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $317.99, for a total value of $143,095.50. Following the completion of the sale, the insider now directly owns 2,364 shares of the company’s stock, valued at $751,728.36. The trade was a 15.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 11.00% of the company’s stock.

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.