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

Public Storage (NYSE:PSA) updated its FY 2025 earnings guidance on Monday. 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 Performance

PSA stock traded down $1.86 during midday trading on Monday, reaching $302.33. The stock had a trading volume of 1,064,415 shares, compared to its average volume of 641,266. The firm has a fifty day simple moving average of $298.12 and a two-hundred day simple moving average of $325.59. Public Storage has a 52-week low of $256.31 and a 52-week high of $369.99. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market cap of $52.94 billion, a PE ratio of 31.39, a P/E/G ratio of 4.91 and a beta of 0.74.

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 net margin of 40.54% and a return on equity of 34.07%. As a group, equities research analysts anticipate that Public Storage will post 16.7 EPS for the current year.

Analyst Upgrades and Downgrades

PSA has been the topic of several recent research reports. Truist Financial upped their price objective on shares of Public Storage from $306.00 to $340.00 and gave the company a “hold” rating in a report on Thursday, December 5th. Deutsche Bank Aktiengesellschaft upgraded Public Storage from a “sell” rating to a “hold” rating and lifted their price objective for the company from $298.00 to $299.00 in a research note on Friday, January 10th. Barclays lowered their target price on shares of Public Storage from $380.00 to $361.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Wells Fargo & Company decreased their price target on shares of Public Storage from $365.00 to $330.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Royal Bank of Canada cut their price objective on shares of Public Storage from $358.00 to $344.00 and set a “sector perform” rating for the company in a report on Friday, November 8th. Seven analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $341.85.

Insiders Place Their Bets

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