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

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Barclays reissued an “equal weight” rating and set a $349.00 target price on shares of Public Storage in a research report on Friday, July 10th. Truist Financial upped their price target on Public Storage from $302.00 to $338.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. JPMorgan Chase & Co. raised their price objective on Public Storage from $291.00 to $338.00 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. Evercore set a $316.00 price objective on Public Storage in a report on Monday, July 6th. Finally, Raymond James Financial began coverage on Public Storage in a research report on Thursday, July 16th. They set a “market perform” rating on the stock. Seven research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Public Storage has a consensus rating of “Hold” and an average target price of $325.37.

Public Storage Price Performance

Shares of NYSE:PSA traded down $1.20 during midday trading on Wednesday, reaching $329.27. 1,657,873 shares of the company’s stock were exchanged, compared to its average volume of 1,139,137. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.56 and a current ratio of 0.56. The company’s 50 day simple moving average is $316.58 and its two-hundred day simple moving average is $300.98. Public Storage has a 12 month low of $256.54 and a 12 month high of $335.55. The firm has a market capitalization of $57.80 billion, a PE ratio of 33.98, a price-to-earnings-growth ratio of 4.36 and a beta of 0.96.

Public Storage (NYSE:PSA) last posted its earnings results on Monday, April 27th. The real estate investment trust reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.29. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the firm posted $4.12 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Equities research analysts expect that Public Storage will post 16.94 earnings per share for the current fiscal year.

Public Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Monday, June 15th. Public Storage’s payout ratio is presently 123.84%.

Insider Buying and Selling at Public Storage

In related news, insider Nathaniel A. Vitan sold 950 shares of the firm’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 transaction of $308,569.50. Following the completion of the transaction, the insider owned 1,414 shares in the company, valued at $459,281.34. This trade represents a 40.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 11.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC increased its stake in shares of Public Storage by 13.3% in the 1st quarter. Empowered Funds LLC now owns 3,186 shares of the real estate investment trust’s stock valued at $954,000 after buying an additional 373 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Public Storage during the second quarter valued at $929,000. Nebula Research & Development LLC bought a new position in Public Storage in the second quarter valued at about $1,113,000. Treasurer of the State of North Carolina boosted its holdings in Public Storage by 1.9% in the second quarter. Treasurer of the State of North Carolina now owns 73,774 shares of the real estate investment trust’s stock valued at $21,647,000 after acquiring an additional 1,390 shares during the last quarter. Finally, Ieq Capital LLC increased its position in Public Storage by 219.8% in the second quarter. Ieq Capital LLC now owns 48,190 shares of the real estate investment trust’s stock worth $14,140,000 after purchasing an additional 33,122 shares during the period. 78.79% of the stock is owned by 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.