Public Storage (NYSE:PSA) Releases Quarterly Earnings Results, Beats Estimates By $1.64 EPS

Posted by Stanley Muller on Jul 29th, 2026

Public Storage (NYSE:PSA – Get Free Report) issued its quarterly earnings data on Wednesday. The real estate investment trust reported $4.17 earnings per share for the quarter, beating the consensus estimate of $2.53 by $1.64, Zacks reports. Public Storage had a net margin of 39.16% and a return on equity of 37.78%. Public Storage updated its FY 2026 guidance to 16.750-17.050 EPS.

Public Storage Price Performance

Shares of PSA traded down $1.20 during trading hours on Wednesday, hitting $329.27. 1,625,363 shares of the company were exchanged, compared to its average volume of 1,139,075. Public Storage has a fifty-two week low of $256.54 and a fifty-two week high of $335.55. The firm’s fifty day moving average is $316.58 and its 200 day moving average is $300.98. 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 company has a market cap of $57.80 billion, a price-to-earnings ratio of 33.98, a P/E/G ratio of 4.36 and a beta of 0.96.

Public Storage Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PSA. Weiss Ratings upgraded shares of Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, June 12th. UBS Group upped their target price on Public Storage from $314.00 to $326.00 and gave the company a “neutral” rating in a research report on Friday, July 10th. Scotiabank lifted their price target on Public Storage from $342.00 to $345.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Citigroup boosted their price target on Public Storage from $325.00 to $363.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Finally, Raymond James Financial started coverage on Public Storage in a report on Thursday, July 16th. They issued a “market perform” rating on the stock. Seven research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $325.37.

View Our Latest Research Report on PSA

Insiders Place Their Bets

In other Public Storage news, insider Nathaniel A. Vitan sold 950 shares of Public Storage stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $324.81, for a total value of $308,569.50. Following the transaction, the insider owned 1,414 shares in the company, valued at $459,281.34. The trade was a 40.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 11.10% of the stock is owned by insiders.

Institutional Trading of Public Storage

A number of hedge funds have recently added to or reduced their stakes in PSA. Harvest Fund Management Co. Ltd bought a new stake in Public Storage during the 3rd quarter worth $27,000. Wealth Watch Advisors INC acquired a new stake in Public Storage during the 3rd quarter valued at approximately $34,000. Raiffeisen Bank International AG lifted its holdings in Public Storage by 35.2% in the fourth quarter. Raiffeisen Bank International AG now owns 142 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 37 shares during the period. Palisade Asset Management LLC acquired a new position in shares of Public Storage in the 3rd quarter valued at about $45,000. Finally, Prosperity Bancshares Inc acquired a new position in Public Storage in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 78.79% of the company’s stock.

About Public Storage

(Get Free Report)

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.