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

Public Storage (NYSE:PSA) updated its FY 2026 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 16.750-17.050 for the period, compared to the consensus estimate of 16.940. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

PSA has been the subject of a number of recent research reports. BMO Capital Markets upped their price objective on Public Storage from $305.00 to $340.00 and gave the stock a “market perform” rating in a research note on Monday, June 15th. Barclays restated an “equal weight” rating and issued a $349.00 target price on shares of Public Storage in a report on Friday, July 10th. Raymond James Financial initiated coverage on Public Storage in a research report on Thursday, July 16th. They set a “market perform” rating on the stock. Truist Financial increased their price target on shares of Public Storage from $302.00 to $338.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Finally, Citigroup upped their price objective on shares of Public Storage from $325.00 to $363.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Seven investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $325.37.

Public Storage Trading Up 0.4%

NYSE PSA traded up $1.23 during trading hours on Friday, hitting $318.68. The company’s stock had a trading volume of 200,578 shares, compared to its average volume of 1,137,108. The firm has a market capitalization of $55.94 billion, a P/E ratio of 30.38, a PEG ratio of 4.43 and a beta of 0.96. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.02. The stock has a fifty day moving average of $317.35 and a 200 day moving average of $301.67. Public Storage has a twelve month low of $256.54 and a twelve month high of $335.55.

Public Storage (NYSE:PSA) last released its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.29. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.22 billion. Public Storage had a return on equity of 40.84% and a net margin of 41.80%.Public Storage’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.12 earnings per share. Equities research analysts forecast that Public Storage will post 16.94 earnings per share for the current fiscal year.

Public Storage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Monday, June 15th. Public Storage’s dividend payout ratio is presently 123.84%.

Insiders Place Their Bets

In related news, insider Nathaniel A. Vitan sold 950 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $324.81, for a total value of $308,569.50. Following the sale, the insider directly owned 1,414 shares in the company, valued at $459,281.34. This represents a 40.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Public Storage

Large investors have recently modified their holdings of the company. First Trust Advisors LP boosted its holdings in Public Storage by 287.7% during the 4th quarter. First Trust Advisors LP now owns 721,588 shares of the real estate investment trust’s stock worth $187,252,000 after acquiring an additional 535,465 shares during the last quarter. AQR Capital Management LLC lifted its stake 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 valued at $166,970,000 after purchasing an additional 481,872 shares during the last quarter. Invesco Ltd. increased its position in Public Storage by 26.8% in the fourth quarter. Invesco Ltd. now owns 1,285,080 shares of the real estate investment trust’s stock worth $333,478,000 after buying an additional 271,860 shares during the last quarter. Caisse de depot et placement du Quebec lifted its holdings in Public Storage by 42.3% during the fourth quarter. Caisse de depot et placement du Quebec now owns 503,139 shares of the real estate investment trust’s stock valued at $130,565,000 after purchasing an additional 149,480 shares during the last quarter. Finally, Amundi grew its stake in Public Storage by 21.9% in the 3rd quarter. Amundi now owns 784,344 shares of the real estate investment trust’s stock valued at $228,095,000 after buying an additional 141,054 shares in the last quarter. 78.79% of the stock is currently owned by institutional investors.

Public Storage Company Profile

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.