Public Storage (NYSE:PSA – Get Free Report) 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 earnings per share estimate of 16.940. The company issued revenue guidance of -.
Public Storage Trading Down 0.4%
NYSE:PSA traded down $1.20 during trading hours on Wednesday, reaching $329.27. 1,657,874 shares of the stock were exchanged, compared to its average volume of 1,139,364. 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 business has a 50-day moving average of $317.11 and a two-hundred day moving average of $301.39. Public Storage has a twelve month low of $256.54 and a twelve month high of $335.55. The company has a market capitalization of $57.80 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 4.36 and a beta of 0.96.
Public Storage (NYSE:PSA – Get Free Report) last issued its quarterly earnings data 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 return on equity of 37.78% and a net margin of 39.16%.The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the firm posted $4.12 earnings per share. The company’s revenue was down .1% on a year-over-year basis. On average, equities analysts predict that Public Storage will post 16.94 EPS for the current year.
Public Storage Announces Dividend
Wall Street Analyst Weigh In
Several brokerages have weighed in on PSA. Wall Street Zen upgraded Public Storage from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. BMO Capital Markets lifted their price target on shares of Public Storage from $305.00 to $340.00 and gave the stock a “market perform” rating in a research note on Monday, June 15th. JPMorgan Chase & Co. increased their price objective on shares of Public Storage from $291.00 to $338.00 and gave the company a “neutral” rating in a research report on Thursday, June 11th. Evercore set a $316.00 price objective on shares of Public Storage in a research report on Monday, July 6th. Finally, Jefferies Financial Group raised their price target on Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Seven investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $325.37.
Read Our Latest Analysis on PSA
Insider Transactions at Public Storage
In other Public Storage news, insider Nathaniel A. Vitan sold 950 shares of Public Storage 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 transaction, the insider owned 1,414 shares of the company’s stock, valued at $459,281.34. The trade was a 40.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 11.10% of the stock is owned by corporate insiders.
More Public Storage News
Here are the key news stories impacting Public Storage this week:
- Positive Sentiment: Public Storage raised its 2026 per-share guidance to $16.75–$17.05, a range that brackets the $16.94 analyst consensus. The improved outlook provides support for the stock and signals management expects performance to strengthen. Public Storage Raises 2026 Guidance After $503 Million Q2 Profit
- Positive Sentiment: Second-quarter net income rose 44.9% year over year to $502.9 million, or $2.55 per diluted share, while revenue increased to $1.23 billion and matched expectations. Public Storage Reports Second Quarter 2026 Results and Raises Guidance
- Positive Sentiment: The company agreed to acquire Public Storage Canada for approximately $1.2 billion and completed its all-stock merger with National Storage Affiliates after quarter-end. The transactions expand Public Storage’s portfolio to more than 4,500 locations and over 327 million square feet, potentially improving long-term scale. Public Storage Raises 2026 Guidance After $503 Million Q2 Profit
Institutional Investors Weigh In On Public Storage
Institutional investors have recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd acquired a new position in shares of Public Storage in the third quarter worth $27,000. Wealth Watch Advisors INC purchased a new stake in Public Storage during the 3rd quarter worth about $34,000. Raiffeisen Bank International AG increased its position in Public Storage by 35.2% during the 4th quarter. Raiffeisen Bank International AG now owns 142 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 37 shares in the last quarter. Prosperity Bancshares Inc acquired a new position in Public Storage in the 4th quarter valued at about $42,000. Finally, Palisade Asset Management LLC acquired a new position in Public Storage in the 3rd quarter valued at about $45,000. 78.79% of the stock is currently owned by hedge funds and other 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.
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