Public Storage (NYSE:PSA) Announces Quarterly Earnings Results

Public Storage (NYSE:PSA) issued its quarterly earnings results on Thursday. The real estate investment trust reported $4.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.21 by $0.05, Zacks reports. Public Storage had a return on equity of 36.09% and a net margin of 39.53%.The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the firm posted $4.21 earnings per share. The business’s quarterly revenue was up 32.8% on a year-over-year basis. Public Storage updated its FY 2026 guidance to 16.350-17.000 EPS.

Public Storage Stock Performance

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

Analyst Ratings Changes

A number of analysts have recently commented on the stock. BNP Paribas Exane cut their target price on shares of Public Storage from $329.00 to $315.00 in a research note on Tuesday, December 23rd. Wall Street Zen downgraded Public Storage from a “hold” rating to a “sell” rating in a research note on Saturday, January 10th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $301.00 price objective (down from $316.00) on shares of Public Storage in a report on Thursday, December 18th. Bank of America lowered 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, BMO Capital Markets cut their price target on shares of Public Storage from $320.00 to $305.00 and set a “market perform” rating on the stock in a research note on Monday, December 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $306.63.

Institutional Trading of Public Storage

Several large investors have recently modified their holdings of the business. AQR Capital Management LLC raised its stake in shares of Public Storage by 498.7% during 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 in the last quarter. Amundi raised its position in shares of Public Storage by 21.9% during the third quarter. Amundi now owns 784,344 shares of the real estate investment trust’s stock worth $228,095,000 after purchasing an additional 141,054 shares during the period. Bank of America Corp DE boosted its holdings in shares of Public Storage by 15.7% in the third quarter. Bank of America Corp DE now owns 984,082 shares of the real estate investment trust’s stock worth $284,252,000 after buying an additional 133,754 shares during the period. Danske Bank A S purchased a new position in Public Storage during the 3rd quarter worth approximately $20,163,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Public Storage by 42.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 219,283 shares of the real estate investment trust’s stock worth $63,340,000 after purchasing an additional 65,405 shares in the last quarter. 78.79% of the stock is currently owned by institutional investors and hedge funds.

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.