Public Storage (NYSE:PSA) Updates FY 2026 Earnings Guidance

Public Storage (NYSE:PSA) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 16.350-17.000 for the period, compared to the consensus earnings per share estimate of 12.850. The company issued revenue guidance of -.

Public Storage Trading Up 0.3%

Shares of NYSE PSA traded up $0.83 during midday trading on Thursday, hitting $294.67. 2,149,216 shares of the company traded hands, compared to its average volume of 1,192,859. Public Storage has a 12-month low of $256.54 and a 12-month high of $322.49. The firm has a market cap of $51.70 billion, a P/E ratio of 30.60, a P/E/G ratio of 9.90 and a beta of 1.01. The stock has a 50-day moving average price of $274.35 and a 200 day moving average price of $281.89. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.45 and a current ratio of 0.45.

Public Storage (NYSE:PSA) last posted its quarterly earnings data on Thursday, February 12th. The real estate investment trust reported $2.60 earnings per share for the quarter, missing the consensus estimate of $4.23 by ($1.63). Public Storage had a net margin of 39.53% and a return on equity of 36.09%. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.21 billion. Public Storage has set its FY 2026 guidance at 16.350-17.000 EPS. As a group, analysts expect that Public Storage will post 16.7 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Barclays set a $331.00 price objective on Public Storage in a report on Tuesday, January 13th. Mizuho decreased their price target on shares of Public Storage from $310.00 to $285.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. BMO Capital Markets cut their price objective on shares of Public Storage from $320.00 to $305.00 and set a “market perform” rating on the stock in a report on Monday, December 22nd. Bank of America downgraded shares of Public Storage from a “buy” rating to a “neutral” rating and set a $310.00 target price for the company. in a research note on Thursday, February 5th. Finally, Morgan Stanley began coverage on Public Storage in a research report on Friday, December 5th. They set an “equal weight” rating and a $290.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, Public Storage presently has an average rating of “Hold” and a consensus price target of $306.63.

Institutional Investors Weigh In On Public Storage

Hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its position in Public Storage by 498.7% in the second quarter. AQR Capital Management LLC now owns 578,491 shares of the real estate investment trust’s stock worth $166,970,000 after buying an additional 481,872 shares in the last quarter. Amundi grew its stake in shares of Public Storage by 21.9% during the 3rd quarter. Amundi now owns 784,344 shares of the real estate investment trust’s stock valued at $228,095,000 after acquiring an additional 141,054 shares during the period. Bank of America Corp DE increased its holdings in Public Storage by 15.7% in the 3rd quarter. Bank of America Corp DE now owns 984,082 shares of the real estate investment trust’s stock worth $284,252,000 after acquiring an additional 133,754 shares in the last quarter. Danske Bank A S bought a new stake in Public Storage during the 3rd quarter worth approximately $20,163,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Public Storage by 42.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 219,283 shares of the real estate investment trust’s stock valued at $63,340,000 after purchasing an additional 65,405 shares in the last quarter. 78.79% of the stock is currently 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.