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

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

Public Storage Stock Down 0.6 %

Public Storage stock traded down $1.86 during trading hours on Monday, hitting $302.33. The stock had a trading volume of 1,063,040 shares, compared to its average volume of 641,178. The stock’s 50-day moving average price is $298.12 and its 200-day moving average price is $325.59. The stock has a market capitalization of $52.94 billion, a P/E ratio of 31.39, a price-to-earnings-growth ratio of 4.91 and a beta of 0.74. Public Storage has a 12-month low of $256.31 and a 12-month high of $369.99. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.77.

Public Storage (NYSE:PSA) last announced its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $4.21 earnings per share for the quarter, missing analysts’ consensus estimates of $4.23 by ($0.02). Public Storage had a return on equity of 34.07% and a net margin of 40.54%. Equities research analysts anticipate that Public Storage will post 16.7 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on PSA. Truist Financial lifted their price objective on Public Storage from $306.00 to $340.00 and gave the stock a “hold” rating in a report on Thursday, December 5th. Barclays reduced their price target on shares of Public Storage from $380.00 to $361.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft raised shares of Public Storage from a “sell” rating to a “hold” rating and boosted their price objective for the company from $298.00 to $299.00 in a report on Friday, January 10th. Royal Bank of Canada dropped their target price 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, Wells Fargo & Company lowered their price target on Public Storage from $365.00 to $330.00 and set an “overweight” rating on the stock in a report on Friday. Seven equities research 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $341.85.

Insider Activity at Public Storage

In other Public Storage news, insider Nathaniel A. Vitan sold 450 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $317.99, for a total value of $143,095.50. Following the completion of the transaction, the insider now directly owns 2,364 shares in the company, valued at $751,728.36. This represents a 15.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 11.00% of the stock is owned by corporate insiders.

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.