Public Storage (NYSE:PSA) Issues Quarterly Earnings Results

Public Storage (NYSE:PSA) released its earnings results 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 return on equity of 37.78% and a net margin of 39.16%.The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the business posted $4.28 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year. Public Storage updated its FY 2026 guidance to 16.750-17.050 EPS.

Public Storage Stock Performance

Shares of NYSE:PSA traded down $1.20 on Wednesday, reaching $329.27. The company’s stock had a trading volume of 1,657,874 shares, compared to its average volume of 1,142,368. The stock’s 50-day moving average is $317.11 and its two-hundred day moving average is $301.39. Public Storage has a 52-week low of $256.54 and a 52-week high of $335.55. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market capitalization of $57.80 billion, a P/E ratio of 33.98, a PEG ratio of 4.44 and a beta of 0.96.

Public Storage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $3.00 dividend. The ex-dividend date was Monday, June 15th. This represents a $12.00 annualized dividend and a yield of 3.6%. Public Storage’s dividend payout ratio is 123.84%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Evercore set a $316.00 price target on Public Storage in a research report on Monday, July 6th. Citigroup raised their target price on Public Storage from $325.00 to $363.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Truist Financial lifted their target price on Public Storage from $302.00 to $338.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Scotiabank boosted their price target on shares of Public Storage from $342.00 to $345.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Finally, Wall Street Zen raised shares of Public Storage from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Seven research 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 stock presently has an average rating of “Hold” and a consensus price target of $325.37.

Insiders Place Their Bets

In other Public Storage news, insider Nathaniel A. Vitan sold 950 shares of the business’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 transaction, the insider owned 1,414 shares in the company, valued at approximately $459,281.34. The trade was a 40.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 11.10% of the stock is currently owned by company insiders.

Institutional Trading of Public Storage

A number of institutional investors and hedge funds have recently bought and sold shares of PSA. Charles Schwab Investment Management Inc. grew its position in Public Storage by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,102,491 shares of the real estate investment trust’s stock valued at $805,099,000 after acquiring an additional 126,583 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Public Storage by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,212,753 shares of the real estate investment trust’s stock worth $574,219,000 after purchasing an additional 18,541 shares in the last quarter. APG Asset Management US Inc. boosted its stake in shares of Public Storage by 1.0% in the fourth quarter. APG Asset Management US Inc. now owns 2,207,675 shares of the real estate investment trust’s stock valued at $572,892,000 after purchasing an additional 22,696 shares during the period. Invesco Ltd. boosted its stake in shares of 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 valued at $333,478,000 after purchasing an additional 271,860 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Public Storage by 2.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,235,552 shares of the real estate investment trust’s stock valued at $362,577,000 after purchasing an additional 34,385 shares in the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

Key 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

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.