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Johnson and Johnson announces ERLEADAÂ (apalutamide) treatment before and after surgery reduces risk of recurrence or death by 62% versus surgery alone in high-r

The upcoming report from Public Storage (PSA - Free Report) is expected to reveal quarterly earnings of $4.27 per share, indicating a decline of 0.9% compared to the year-ago period. Analysts forecast revenues of $1.27 billion, representing an increase of 3.4% year over year.

The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.

Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.

Given this perspective, it's time to examine the average forecasts of specific Public Storage metrics that are routinely monitored and predicted by Wall Street analysts.

The combined assessment of analysts suggests that 'Revenues- Ancillary operations' will likely reach $92.72 million. The estimate indicates a year-over-year change of +8.8%.

The consensus estimate for 'Revenues- Self-storage facilities' stands at $1.16 billion. The estimate indicates a year-over-year change of +1.5%.

The consensus among analysts is that 'Square foot occupancy' will reach 92.4%. Compared to the current estimate, the company reported 90.7% in the same quarter of the previous year.

Analysts expect 'Depreciation and amortization' to come in at $374.07 million.

View all Key Company Metrics for Public Storage here>>>

Over the past month, Public Storage shares have recorded returns of +4.2% versus the Zacks S&P 500 composite's +1% change. Based on its Zacks Rank #3 (Hold), PSA will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

The fourth quarter of a calendar year is highlighted by holiday spending. Investors won't know the actual winners and losers until companies report their numbers in 2027. However, there are reasons to believe that toy stocks will be among the 2026 holiday season winners.

A report from Circana Insights points out that toy sales are up 17% in the first half of the year. That would seem to fly in the face of a consumer who has been holding off on discretionary purchases. But a closer look reveals the reason why. Adults aren't just buying toys for their kids. They're buying them for themselves.

Welcome to the "kidult economy," which gives new meaning to the words "kid at heart." This demographic comprises individuals aged 12 and older who buy toys and engage in playful activities traditionally associated with children.

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This demographic has always existed, but it became a significant investment story in 2020. Forced to spend increased time at home and online, many individuals reconnected with interest in collectibles, board games, and pop culture merchandise.

The Kidult Economy Has Separate TradesBut toy stocks are telling a different story than the industry data. Hasbro Inc. NASDAQ: HAS is up for the year. Mattel Inc. NASDAQ: MAT is down 15%. That gap is a warning to anyone treating the kidult economy as one trade. It’s really two.

The first is durable IP with built-in repeat buying. Think trading card games, franchises that span generations, and licensing. Collectors come back every season because there’s always a new set to chase. The second is hype products driven by scarcity. Blind boxes and limited drops sell out fast, then fade.

Hasbro Shows What Repeat Buying Looks LikeHasbro Today

$103.91 +5.42 (+5.50%)

As of 11:28 AM Eastern

This is a fair market value price provided by Massive. Learn more.

$69.50▼

$108.302.69%

18.75

$110.64

Hasbro is the clearest example of the first trade. Its Wizards of the Coast and Digital Gaming segment grew revenue 86% year over year in the fourth quarter of 2025. That offset weakness in traditional toys.

The momentum has carried into 2026. In the second quarter, Magic: The Gathering topped $500 million in quarterly revenue for the first time in its 30-plus-year history.

Magic players don’t buy one box and walk away. They buy every set. That’s the kidult economy at its most durable, and it’s why Hasbro stock is up 20% year to date.

Mattel Is the Open QuestionMattel is down roughly 15% for 2026. On the surface, that’s puzzling. Barbie and Hot Wheels are exactly the nostalgic brands adult buyers should love.

Mattel Today

$17.00 +0.12 (+0.68%)

As of 11:28 AM Eastern

This is a fair market value price provided by Massive. Learn more.

$12.40▼

$22.4812.52

$18.00

The slide began in February, when weak holiday orders and a soft 2026 outlook sent shares down about 25% in a day. The open question is whether the market is underpricing Mattel’s nostalgia. The alternative is that nostalgia without a recurring collecting habit doesn’t add up to much. A one-time purchase of a childhood favorite isn’t the same as a customer who returns every season.

However, MAT was up 28% in the 30 days ending Oct. 19. That could be due to value-hunting investors. The company's Q3 2026 earnings report in November may provide more insight.

Nintendo May Get a Lift From the Less Obvious ChoiceNintendo Co. OTCMKTS: NTDOY was up approximately 21% in the three months ending Oct. 19, but it's still down 20% in 2026. The stock was expected to benefit from the company's long-awaited release of its Switch 2 gaming console.

Nintendo Today

$13.71 +0.29 (+2.13%)

As of 11:05 AM Eastern

$10.18▼

$22.892.33%

20.77

That's been a mixed story. On the positive side, Switch 2 sales are strong. In the company's Q1 2027 earnings report, Nintendo reported 3.82 million units were sold in the quarter. That brought the total since launch to 23.68 million.

The company says Switch 2 sell-through is outpacing the original Switch at the same stage. But rising memory costs have already forced Nintendo to raise the Switch 2’s price. The U.S. price rose $50 to $499.99 on Sept. 1. Nintendo also expects Switch 2 unit sales to decline this fiscal year, to 16.5 million.

While adults may enjoy the Switch 2, the kidult story for Nintendo is the stake the company holds in The Pokémon Company. Nintendo owns roughly one-third of the privately held company. Pokémon is a textbook example of durable IP. Kids who grew up with it in the 1990s are now adults buying trading cards. The catch is that it’s a minority stake. Pokémon’s success reaches shareholders indirectly, so the Switch 2 cycle will still drive the stock.

GameStop May Have a Sustainable CatalystThe internet, and specifically the cloud, killed GameStop NYSE: GME. The company has been trying to show investors that it can make a successful pivot away from its legacy video game and gaming console business.

GameStop Today

$26.29 -0.15 (-0.56%)

As of 11:28 AM Eastern

This is a fair market value price provided by Massive. Learn more.

$17.79▼

$28.3017.26

$32.00

The company has flirted with a few different business models. But growth in the kidult economy may be a realistic catalyst for meaningful revenue and earnings. GameStop does sell collectibles, including toys, apparel, and trading cards.

In the company's Q2 2026 earnings report, net sales of collectibles came in at $356.3 million. That was 45.1% of the company's net sales. It was also up approximately 56% year over year.

GME may still be a troubled stock, but it's worth noting that Dan Ives of Yorkville Ives initiated coverage on the stock with an Outperform rating and a $32 price target that matches the consensus price. Ives points to GameStop’s card-grading partnership with Professional Sport Authenticator (PSA) as a key piece of the thesis.

Should You Invest $1,000 in Hasbro Right Now?Before you consider Hasbro, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hasbro wasn't on the list.

While Hasbro currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

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The AI boom extends far beyond the biggest tech names. Discover 10 companies supplying the memory, storage, networking, semiconductor manufacturing, and power infrastructure that make AI possible. Learn where the next wave of AI investment opportunities may emerge—and the key risks investors should watch as the global AI buildout accelerates.

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Investors interested in stocks from the REIT and Equity Trust - Other sector have probably already heard of Ryman Hospitality Properties (RHP) and Public Storage (PSA). But which of these two stocks offers value investors a better bang for their buck right now?

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FRISCO, Texas--(BUSINESS WIRE)--Public Storage (NYSE:PSA) announced today it intends to release its third quarter 2026 earnings results after the market close on Monday, October 26, 2026. A conference call is scheduled for Tuesday, October 27, 2026, at 11:00 a.m. (CT). On the call, management will review the Company’s results and may discuss or disclose material business, financial or other information that is not contained in the press release.

Live conference call

  Domestic dial-in number:

  (877) 407-9039

International dial-in number:

  (201) 689-8470

Webcast:

  Event Calendar

  Conference call replay

  Domestic dial-in number:

  (844) 512-2921

International dial-in number:

  (412) 317-6671

Access ID:

  13763086

Webcast:

  Event Calendar

Date accessible through:

  November 10, 2026

About Public Storage

Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At September 1, 2026, Public Storage: (i) owned and/or operated 4,647 self-storage facilities located in 41 states and Puerto Rico with approximately 329 million net rentable square feet, (ii) owned 68 self-storage facilities in Canada with approximately 5.3 million net rentable square feet, and (iii) owned a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 335 self-storage facilities across seven Western European countries with approximately 19 million net rentable square feet operated under the Shurgard® brand. Public Storage’s headquarters are located in Frisco, Texas.

More News From Public Storage

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On September 30, 2026, we delve into the DCF analysis for Public Storage PSA, a company that has seen a mixed price performance recently. Over the past year, PSA has gained 3.1%, but it has experienced a decline of 8.0% over the last month. This volatility raises questions about its valuation.

DCF Earnings-based intrinsic value is $129.12 compared to the current price of $285.58, indicating a margin of safety of -121.2%. DCF Free Cash Flow (FCF)-based intrinsic value stands at $180.66, also suggesting significant overvaluation. GF Score™ of 91/100 indicates strong financial health, but with a predictability rank of 0/5 stars, the reliability of the DCF inputs is questionable. What Is PSA Worth? DCF Earnings-Based Model The DCF earnings-based model for Public Storage utilizes a two-stage approach to assess its intrinsic value. The first stage considers the growth phase over the next ten years, where the earnings per share (EPS) is expected to grow at a rate of 7.2%. The second stage accounts for a terminal growth rate of 4% for the subsequent ten years. The discount rate applied is 12%, which reflects the risk-free rate and equity risk premium.

Parameter Value Current EPS (TTM, excl. non-recurring) $10.49 10-Year Growth Rate 7.2% 10-Year Treasury Rate 5.22% Discount Rate (ceil(Treasury) + 6%) 12% Terminal Growth Rate 4% The calculation summary for the DCF earnings-based model is as follows:

Stage Description Value Growth Stage (Years 1-10) EPS growing at 7.2%, discounted at 12% $83.07 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 12% $46.05 Intrinsic Value Growth + Terminal $129.12 With the current price at $285.58, the intrinsic value of $129.12 indicates that PSA is significantly overvalued, with a margin of safety of -121.2%. It is important to note that GuruFocus uses EPS excluding non-recurring items, as research suggests that stock prices correlate more closely with earnings than with free cash flow. For further details, refer to the PSA DCF Calculator.

What Does the Free Cash Flow DCF Say? The DCF model based on Free Cash Flow (FCF) yields an intrinsic value of $180.66. When compared to the earnings-based valuation, there is a clear disagreement between the two models. Both suggest that PSA is significantly overvalued, with a margin of safety of -58.1% in the FCF model.

How Does GF Value™ Compare to the DCF Models? The GF Value™ for Public Storage is calculated at $308.25, providing a third perspective on the valuation. GF Value™ is derived from historical trading multiples, past business growth, and future performance estimates. The divergence among the three models—earnings-based, FCF-based, and GF Value™—highlights the complexity of PSA's valuation. For more insights, visit the GF Value™ page.

What Does PSA's GF Score™ Tell Us? The GF Score™ evaluates the overall quality of a stock based on various factors. For Public Storage, the GF Score™ is 91/100, indicating strong financial health. However, the predictability rank is notably low at 0/5 stars, which suggests that the DCF model may not be as reliable for this stock due to its volatility.

Metric Rating GF Score™ 91/100 Financial Strength 5/10 Profitability 9/10 Growth 8/10 Valuation 9/10 Momentum 8/10

Key Assumptions and Limitations It is crucial to recognize that DCF models are highly sensitive to the assumptions made regarding growth rates and discount rates. Stocks with low predictability ratings, like Public Storage, typically yield less reliable DCF estimates. The terminal growth rate of 4% is a simplifying assumption that may not accurately reflect future performance.

What This Means for Investors In synthesizing the three valuation models—DCF earnings, DCF FCF, and GF Value™—a clear tension emerges. The earnings-based DCF suggests significant overvaluation, while the FCF model also indicates a similar stance, albeit with a less severe margin. The GF Value™ presents a more optimistic view, yet still reflects a disparity with the current market price. Additionally, the guru 13F activity shows that nine gurus currently hold PSA, with five adding and five trimming their positions, while insiders have sold $0.8M worth of shares over the past year. This mixed signal from guru activity, combined with the low predictability rank, suggests caution for potential investors. For a deeper understanding, explore the PSA DCF Calculator.

Frequently Asked Questions What is PSA's intrinsic value based on DCF?

[Answer: earnings-based $129.12, FCF-based $180.66]

Is PSA overvalued or undervalued?

[Answer using DCF + GF Value™ consensus]

How reliable is the DCF model for PSA?

[Answer using predictability rank 0/5]

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

On September 16, 2026, we delve into the DCF analysis for Public Storage PSA, a company that has shown a mixed price performance recently, with a year-to-date increase of 17.8% but a notable decline of 8.0% over the past month. The current price stands at $296.68.

DCF Earnings-based intrinsic value of $126.76 vs price of $296.68 (margin of safety: -134.1%) DCF FCF-based intrinsic value of $213.61 (second opinion) GF Score™ of 90/100, indicating strong reliability of DCF inputs What Is PSA Worth? DCF Earnings-Based Model The DCF earnings-based model for Public Storage employs a two-stage approach, considering a growth phase followed by a terminal phase. The model begins with the current earnings per share (EPS) and projects growth over the next ten years, followed by a terminal growth rate. Below are the key assumptions used in this analysis:

Parameter Value Current EPS (TTM, excl. non-recurring) $10.49 10-Year Growth Rate 6.1% 10-Year Treasury Rate 4.99% Discount Rate (ceil(Treasury) + 6%) 11% Terminal Growth Rate 4% The growth phase spans the first ten years, where EPS is projected to grow at 6.1% annually and discounted at 11%. The terminal phase follows, where growth slows to a 4% terminal rate for the subsequent ten years. The calculation summary is as follows:

Stage Description Value Growth Stage (Years 1-10) EPS growing at 6.1%, discounted at 11% $80.45 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 11% $46.31 Intrinsic Value Growth + Terminal $126.76 With the current price at $296.68, the intrinsic value of $126.76 indicates that Public Storage is significantly overvalued, presenting a margin of safety of -134.1%. It is important to note that GuruFocus utilizes EPS excluding non-recurring items, as research shows that stock prices correlate more closely with earnings than with free cash flow. For further details, you can explore the PSA DCF Calculator.

What Does the Free Cash Flow DCF Say? The free cash flow (FCF)-based intrinsic value for Public Storage is calculated at $213.61. When comparing this with the earnings-based intrinsic value, we observe a significant disagreement between the two models. The FCF DCF indicates that the stock is overvalued as well, with a margin of safety of -38.9%, reinforcing the notion that the stock is trading above its intrinsic value.

How Does GF Value™ Compare to the DCF Models? According to GuruFocus, the GF Value™ for Public Storage is $309.33, suggesting a slight undervaluation of 4.1%. This proprietary measure is derived from historical trading multiples, past business growth, and future performance estimates. The divergence among the three valuation models—DCF earnings, DCF FCF, and GF Value™—highlights the complexity of assessing Public Storage's true worth. For more insights, visit the GF Value™ page.

What Does PSA's GF Score™ Tell Us? The GF Score™ evaluates various aspects of a company's financial health, including growth potential, profitability, and valuation metrics. Public Storage has achieved a GF Score™ of 90/100, indicating a strong overall performance. However, it is crucial to note that the predictability rank is 0 out of 5 stars, which suggests that the DCF model may be less reliable for this stock. Below is a summary of PSA's key metrics:

Metric Rating GF Score™ 90/100 Financial Strength 5/10 Profitability 9/10 Growth 8/10 Valuation 9/10 Momentum 8/10 For more details, check out the PSA stock page.

Key Assumptions and Limitations It is essential to recognize that DCF models are highly sensitive to the assumptions regarding growth and discount rates. Stocks with low predictability ratings, such as Public Storage, tend to yield less reliable DCF estimates. The terminal growth rate of 4% is a simplifying assumption that may not accurately reflect future market conditions.

What This Means for Investors In synthesizing the three valuation models—DCF earnings, DCF FCF, and GF Value™—we find a clear tension in the results. While the earnings-based model suggests significant overvaluation, the FCF model also indicates overvaluation but to a lesser extent. The GF Value™ presents a slightly more favorable view, suggesting a minor undervaluation. The guru ownership signal reveals that nine gurus currently hold the stock, with five adding and five trimming their positions, while insiders have sold $0.8 million over the past year. This mixed signal from guru activity, combined with the low predictability rank, suggests caution for potential investors. For a deeper dive into the valuation models, you can explore the PSA DCF Calculator.

Frequently Asked Questions What is PSA's intrinsic value based on DCF?

According to our analysis, the earnings-based intrinsic value is $126.76, while the FCF-based intrinsic value is $213.61.

Is PSA overvalued or undervalued?

Both the DCF models indicate that PSA is overvalued, while the GF Value™ suggests a slight undervaluation.

How reliable is the DCF model for PSA?

The predictability rank of 0 out of 5 stars indicates that the DCF model may be less reliable for Public Storage.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Disclosures I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

Corient Private Wealth LP decreased its holdings in Public Storage (NYSE:PSA – Free Report) by 5.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 62,376 shares of the real estate investment trust’s stock after selling 3,601 shares during the quarter. Corient Private Wealth LP’s holdings in Public Storage were worth $19,856,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in PSA. V Square Quantitative Management LLC increased its stake in Public Storage by 2.2% in the 1st quarter. V Square Quantitative Management LLC now owns 1,546 shares of the real estate investment trust’s stock valued at $419,000 after buying an additional 34 shares during the last quarter. Nilsine Partners LLC boosted its stake in shares of Public Storage by 2.9% in the 2nd quarter. Nilsine Partners LLC now owns 1,211 shares of the real estate investment trust’s stock worth $385,000 after buying an additional 34 shares during the last quarter. Gryphon Financial Partners LLC boosted its stake in shares of Public Storage by 2.6% in the 1st quarter. Gryphon Financial Partners LLC now owns 1,423 shares of the real estate investment trust’s stock worth $385,000 after buying an additional 36 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Public Storage by 1.7% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 2,215 shares of the real estate investment trust’s stock valued at $575,000 after acquiring an additional 37 shares in the last quarter. Finally, Chesapeake Capital Corp IL grew its holdings in shares of Public Storage by 1.3% in the second quarter. Chesapeake Capital Corp IL now owns 2,994 shares of the real estate investment trust’s stock valued at $953,000 after acquiring an additional 38 shares in the last quarter. Institutional investors and hedge funds own 78.79% of the company’s stock.

Public Storage Stock Down 0.3% PSA opened at $295.57 on Tuesday. Public Storage has a 12 month low of $256.54 and a 12 month high of $335.55. The company has a market cap of $51.91 billion, a PE ratio of 28.20, a price-to-earnings-growth ratio of 4.03 and a beta of 0.95. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.06. The company has a 50 day moving average of $317.32 and a 200 day moving average of $307.65.

Public Storage (NYSE:PSA – Get Free Report) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $1.64. Public Storage had a net margin of 41.80% and a return on equity of 40.98%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the firm posted $4.28 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. On average, sell-side analysts expect that Public Storage will post 16.93 EPS for the current year. Public Storage Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 15th will be given a dividend of $3.00 per share. The ex-dividend date is Tuesday, September 15th. This represents a $12.00 annualized dividend and a dividend yield of 4.1%. Public Storage’s dividend payout ratio is currently 114.50%.

Insider Activity In related news, insider Nathaniel A. Vitan sold 1,414 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $327.53, for a total transaction of $463,127.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.10% of the company’s stock.

Analyst Upgrades and Downgrades A number of analysts recently commented on PSA shares. Jefferies Financial Group increased their price target on Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Scotiabank reduced their price objective on Public Storage from $346.00 to $343.00 and set a “sector outperform” rating for the company in a research note on Wednesday, September 2nd. Evercore set a $316.00 target price on Public Storage in a research report on Monday, July 6th. Barclays raised their target price on Public Storage from $350.00 to $351.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, Wells Fargo & Company set a $311.00 target price on Public Storage in a research note on Tuesday, September 1st. Seven analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, Public Storage has an average rating of “Hold” and a consensus price target of $327.05.

Get Our Latest Report on Public Storage

Public Storage Profile (Free Report)

Public Storage is a real estate investment trust that owns, operates and develops self-storage facilities in the United States. The company provides customers with storage units for household goods, business inventory, vehicles and other personal or commercial belongings.

Its facilities offer a range of unit sizes and may include features such as drive-up access, climate-controlled storage, electronic gate access and online account management. Public Storage also provides related services, including tenant insurance options and moving and packing supplies at select locations.

Founded in 1972 and headquartered in Glendale, California, Public Storage serves customers through a nationwide network of self-storage properties.

Read More Five stocks we like better than Public Storage Analysts Are Punting Their Calls Into the Next Quarter After Adobe’s Mixed Earnings Institutional Money Is Pouring Into These 2 Altcoin ETFs The End of Big Tech Buybacks? Only One Hyperscaler Is Still Repurchasing Shares 3 Dividend Kings to Buy While They’re Still Beaten Down Want to see what other hedge funds are holding PSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Public Storage (NYSE:PSA – Free Report).

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We picked three dividend stocks to beat the market in 2026, and the results split in ways that reveal something uncomfortable about how income investors actually grade their own calls.

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A year ago, 24/7 Wall St. named three top dividend stocks poised to dominate 2026. Yet only one of them, Evergy (NASDAQ:EVRG | EVRG Price Prediction), outperformed the S&P 500 since that call. Atmos Energy (NYSE:ATO) and Public Storage (NYSE:PSA) both trailed the benchmark, even as one of them delivered two of the largest core funds from operations (FFO) beats that a large-cap real estate investment trust (REIT) has posted this year, and the other pushed through a double-digit dividend raise. This post grades the original call on its own terms. The measured window runs from September 9, 2025, through September 10, 2026, with 2026 year-to-date shown alongside because the current calendar year is a separate story that partly reshapes the picture.

Scorecard This is based on price only, with no reinvested dividends, alongside the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) as the benchmark.

Ticker Since publication 2026 YTD EVRG 20.1% 11.1% PSA 5.0% 14.0% ATO 3.9% −1.6% SPY 17.4% 11.0% Evergy: A Clean Win This is the one name that did what we predicted it would do. Shares are up 20.1% over the period since publication, ahead of the S&P 500. The Kansas–Missouri regulated electric utility was trading at $82.55 in premarket on September 10, 2026.

The dividend held its end of the bargain. Evergy is paying $0.6950 per share quarterly, with the next payment on September 18, 2026, and a trailing 12-month total of $2.78 per share. That quarterly amount stepped up from $0.6675, which was the rate across the four ex-dates ending August 2025, so shareholders got a real raise inside our measurement window.

The earnings reports backed up the stock. Evergy beat adjusted EPS by 13.8% in Q1 2026 and by 9.9% in Q2 2026, with adjusted EPS of $0.69 and $0.88, respectively. Management reaffirmed 2026 adjusted EPS guidance of $4.14 to $4.34 at Q2. CEO David Campbell said Evergy expects to “execute at least one more electric service agreement in 2026,” tied to data-center and large-load customer demand across Kansas and Missouri.

Note that the two beats followed a 24.3% Q4 2025 EPS miss, when adjusted EPS came in at just $0.42. Sentiment on Evergy heading into 2026 was not uniformly warm. Our original piece also cited management’s long-term adjusted EPS growth framework of 6% to 8%+ through 2030, with growth expected to exceed 8% beginning in 2028. There is a caveat still on the record: Evergy carries wildfire litigation risk and execution risk on hyperscale data-center loads, and neither has been priced as sharply as at some Western peers.

Public Storage: A Paradox This may be the most interesting part of the story, and the name we got most wrong on price. The stock returned only 5.0% over the period since publication, well short of the benchmark. Year to date, though, is a different story: the stock is up 14.0% in 2026, ahead of SPY’s 11.0%. Shares last traded at $292.34 on September 10, 2026, after a rough −9.6% one-month stretch.

The operating business hit our thesis and then some. Core FFO per share beat consensus by 2.2% in Q1 2026 at $4.22, and by 1.9% in fiscal Q2 at $4.17. Revenue also beat in both quarters, by 0.6% and 0.4%. Management raised full-year core FFO guidance to $16.75 to $17.05 per share, closed the $10.5 billion National Storage Affiliates merger on July 22, 2026, and signed an agreement to acquire Public Storage Canada for $1.2 billion. CEO Tom Boyle called Q2 the start of a “new era” he labels PS 4.0.

Our original pitch was that a reader would collect the yield while waiting for a price recovery. The payout has not grown, though. The quarterly dividend has been $3 per share since the March 2023 ex-date, and it stayed at $3 across the March, June, and September 2026 ex-dates. Trailing 12-month dividends total $12 per share, and the annualized forward rate is $12. Income investors were paid to wait, but they were paid the same amount they were paid two years ago. One risk to flag alongside that: same-store revenue declined 0.6% in Q2 with same-store net operating income (NOI) down 2.2%, and integration of the NSA and PS Canada portfolios is still ahead.

Atmos Energy: A Quiet Miss Atmos Energy shares closed at $166.59 on September 9, 2026, up 3.9% over the period since publication and 1.6% lower year to date. The stock has gone essentially nowhere in 2026.

The dividend delivered exactly what a utility income investor would want. The quarterly payout stepped up from $0.87 to $1.00 per share at the November 2025 ex-date and has held at $1.00 across each of the four most recent records. That is a 14.9% increase over fiscal 2025, with an indicated annual rate of $4.00 per share and a trailing 12-month total of $4.00.

Earnings execution has been steady but unspectacular. Fiscal Q1 2026 GAAP diluted EPS came in at $2.44, beating consensus by 0.07%, a very thin margin. Fiscal Q2 2026 EPS was $3.47 versus $3.41 consensus on revenue of $2.06 billion. Management raised fiscal 2026 EPS guidance to $8.40 to $8.50 and reaffirmed it at fiscal Q3, backed by roughly $4.2 billion of capex, of which more than 87% is going to safety and reliability. The balance sheet is unusually clean for a capital-intensive utility: $4.6 billion in available liquidity and 60% equity capitalization at quarter end.

There is a critical limitation on grading this name, as Atmos runs a September fiscal year, so its current fiscal year is not finished, and there are no reported EPS or revenue figures for fiscal Q4. The original article cited an expected full-year revenue growth figure. That claim cannot be graded yet because the fiscal year is still open. The relevant near-term risk investors are actually pricing is that management said Waha basis spreads have narrowed significantly as additional takeaway capacity came online, and it now expects to land at the lower end of the Atmos Pipeline-Texas through-system EPS contribution range.

What a Split Result Actually Says One clean win, one paradox, one quiet miss. Evergy beat the market and raised its dividend. Public Storage grew core FFO, closed a transformational merger, and still trailed the benchmark on price while holding its distribution flat. Atmos raised its dividend by a double-digit percentage, and the stock barely moved. Dividends and price are two different scoreboards. A call graded only on price would say Public Storage was a bust; a call graded only on dividends would call Atmos a winner. Both readings are incomplete, and blending them into a single total-return verdict is how income investors talk themselves into or out of positions for the wrong reasons. (If you want to see how we screen for the payers with the longest raise streaks at today’s prices, our free Dividend Kings report ranks 10 of them.)

Contact [email protected] for any questions or corrections.

Greenland Capital Management LP lifted its holdings in Public Storage (NYSE:PSA – Free Report) by 300.0% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,600 shares of the real estate investment trust’s stock after buying an additional 4,950 shares during the period. Greenland Capital Management LP’s holdings in Public Storage were worth $2,101,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bayban purchased a new position in Public Storage in the fourth quarter valued at approximately $26,000. Harvest Fund Management Co. Ltd bought a new position in shares of Public Storage in the third quarter valued at approximately $27,000. Bruce G. Allen Investments LLC grew its position in shares of Public Storage by 89.6% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 91 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 43 shares in the last quarter. Continuum Advisory LLC purchased a new position in Public Storage during the second quarter worth about $29,000. Finally, Wealth Watch Advisors INC purchased a new position in shares of Public Storage during the third quarter worth about $34,000. 78.79% of the stock is owned by hedge funds and other institutional investors.

Public Storage Stock Down 0.1% Public Storage stock opened at $301.83 on Monday. Public Storage has a 12 month low of $256.54 and a 12 month high of $335.55. The stock has a fifty day simple moving average of $320.62 and a two-hundred day simple moving average of $307.86. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.06. The firm has a market cap of $53.01 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 4.11 and a beta of 0.95.

Public Storage (NYSE:PSA – Get Free Report) last posted its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $1.64. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Public Storage had a net margin of 41.80% and a return on equity of 40.98%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.28 EPS. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. Equities analysts predict that Public Storage will post 16.93 EPS for the current fiscal year. Public Storage Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 15th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Tuesday, September 15th. Public Storage’s dividend payout ratio is 114.50%.

Insiders Place Their Bets In other news, insider Nathaniel A. Vitan sold 1,414 shares of Public Storage stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $327.53, for a total transaction of $463,127.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 11.10% of the company’s stock.

Analyst Upgrades and Downgrades A number of research analysts recently commented on the company. BMO Capital Markets increased their target price on Public Storage from $305.00 to $340.00 and gave the company a “market perform” rating in a research note on Monday, June 15th. Evercore set a $316.00 price target on shares of Public Storage in a report on Monday, July 6th. BNP Paribas Exane upped their price target on Public Storage from $331.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday, May 22nd. Royal Bank Of Canada raised their target price on shares of Public Storage from $305.00 to $318.00 and gave the stock a “sector perform” rating in a research report on Friday, July 31st. Finally, Truist Financial raised their target price on Public Storage from $302.00 to $338.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Seven research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $327.00.

Read Our Latest Report on PSA

About Public Storage (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.

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FRISCO, Texas--(BUSINESS WIRE)--Public Storage (NYSE: PSA, the “Company”), the leading owner and operator of self-storage facilities, today announced that the Company completed its acquisition of Public Storage Canada (“PS Canada”). Under the terms of the transaction, the Company paid consideration worth approximately $1.2 billion at closing, consisting of approximately $900 million of Public Storage OP units (2.76 million units, valuing each such unit at $321.98 per unit) and approximately $31.

Adelante Capital Management LLC bought a new position in Public Storage (NYSE:PSA – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 245,064 shares of the real estate investment trust’s stock, valued at approximately $10,347,000. Adelante Capital Management LLC owned 0.14% of Public Storage as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the business. Bayban purchased a new position in shares of Public Storage in the 4th quarter worth about $26,000. Harvest Fund Management Co. Ltd purchased a new position in Public Storage in the third quarter valued at approximately $27,000. Bruce G. Allen Investments LLC raised its holdings in Public Storage by 89.6% in the second quarter. Bruce G. Allen Investments LLC now owns 91 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 43 shares during the period. Wealth Watch Advisors INC acquired a new position in Public Storage during the third quarter valued at approximately $34,000. Finally, Meeder Asset Management Inc. purchased a new stake in Public Storage during the second quarter worth approximately $36,000. 78.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity In other news, insider Nathaniel A. Vitan sold 1,414 shares of Public Storage stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $327.53, for a total value of $463,127.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 11.10% of the company’s stock.

Wall Street Analysts Forecast Growth Several equities research analysts have recently weighed in on PSA shares. Weiss Ratings raised Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Mizuho boosted their target price on shares of Public Storage from $301.00 to $316.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Jefferies Financial Group raised their price target on shares of Public Storage from $350.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Evercore set a $316.00 price objective on shares of Public Storage in a report on Monday, July 6th. Finally, BMO Capital Markets raised their target price on Public Storage from $305.00 to $340.00 and gave the company a “market perform” rating in a research note on Monday, June 15th. Seven equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $326.16. Get Our Latest Report on PSA

Public Storage Trading Down 1.7% Public Storage stock opened at $317.25 on Thursday. Public Storage has a 12-month low of $256.54 and a 12-month high of $335.55. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a 50 day simple moving average of $322.57 and a 200-day simple moving average of $307.26. The stock has a market capitalization of $55.72 billion, a PE ratio of 30.27, a price-to-earnings-growth ratio of 3.80 and a beta of 0.96.

Public Storage (NYSE:PSA – Get Free Report) last issued its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $1.64. Public Storage had a return on equity of 40.98% and a net margin of 41.80%.The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the firm posted $4.28 EPS. The company’s quarterly revenue was down .5% on a year-over-year basis. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. As a group, equities research analysts expect that Public Storage will post 16.93 EPS for the current fiscal year.

Public Storage Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 15th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $12.00 dividend on an annualized basis and a yield of 3.8%. Public Storage’s dividend payout ratio is presently 114.50%.

About Public Storage (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.

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Today, Cadeler published its interim financial results for the first half of 2026 reporting strong financial performance, with both revenue and EBITDA more than doubling compared to Cadeler’s results for the first half of 2025 (when adjusting for one-off termination fees in the comparative period). The results demonstrate that Cadeler’s fleet strategy is delivering as intended, positioning the company to support customers through the next phase of offshore wind development.

Revenue for the first six months of 2026 more than doubled to EUR 408 million, an increase of EUR 220 million compared to revenue of EUR 188 million for the same period last year, while EBITDA for the first six months of 2026 also more than doubled to EUR 208 million, an increase of EUR 106 million compared to EBITDA of EUR 102 million for the same period last year (in each case, when adjusting for one-off termination fees of EUR 111 million in the comparative period).

Profit for the period rose to EUR 88 million, a year-on-year increase of EUR 31 million (54%) from profit of EUR 57 million in the comparative period, adjusted for the termination fees identified above. The increase was mainly driven by fleet expansion and a higher number of contracted days. Fleet utilisation of Cadeler’s ten vessels remained stable at 66% for the period, compared to 67% in the same period last year.

Cadeler maintains its full-year 2026 guidance, with revenue expected to be in the range of EUR 854 to 944 million, and EBITDA to be within the range of EUR 420 to 510 million. Cadeler’s acquisition of Menck on 11 August 2026 is expected to impact the consolidated Cadeler group’s revenue and EBITDA guidance for 2026. Cadeler is reviewing the extent of that impact and will provide an update in due course.

Mikkel Gleerup, CEO of Cadeler, comments:
“These results demonstrate that our fleet strategy is delivering as intended, providing the flexibility, reliability and operational capabilities required to support the next phase of offshore wind development as customers place increasing emphasis on the resilience of their supply chains and certainty of delivery. As our fleet, project portfolio and organisation have continued to grow, Cadeler has remained focused on disciplined execution, adapting quickly to changing project requirements and supporting our customers across multiple installation projects in H1 2026.”

Demonstrating Cadeler’s customer value proposition
For Cadeler, the defining theme of the first half of 2026 was execution. Cadeler operated its fleet at a new scale, with ten vessels in active operation, and demonstrated the benefits of that scale through greater flexibility and redundancy to mitigate operational risks across multiple projects. When project requirements changed, Cadeler rapidly redeployed vessels, helping customers maintain project momentum and mitigate the risk of delays.

Cadeler also commenced its first full-scope monopile foundation transportation & installation (T&I) campaign at Ørsted’s Hornsea 3 offshore wind farm which, when complete, will be the world’s single largest offshore wind farm. With this campaign, Cadeler is proving the capabilities it has invested in over recent years to support its ambition of becoming the leading provider of integrated foundation T&I solutions.

In July 2026, subsequent to the reporting period, Cadeler took delivery, within budget and on schedule, of Wind Ace, Cadeler’s eleventh wind installation vessel and second of three A-class newbuilds. Following her mobilisation, Wind Ace will be deployed on ScottishPower Renewables’ East Anglia TWO offshore wind farm in the UK, where Cadeler will provide transportation and installation of both foundations and wind turbines.

Further investing in Cadeler’s full-scope foundation capabilities
In the first half of 2026, Cadeler has also invested significantly in deepening and broadening its capabilities in full-scope foundation T&I.

In March 2026, the company completed a private placement raising approximately EUR 175 million before transaction costs. This enabled the subsequent order, after the reporting period, of two T-class newbuilds, expanding Cadeler’s foundation installation capabilities. Cadeler has also announced its intention to enter the scour protection segment with the potential acquisition of a scour protection vessel.

Mikkel Gleerup comments:
“As offshore wind projects increase in scale and complexity, developers are placing greater emphasis on resilient supply chains and experienced partners with the right capabilities. Continued investment in our fleet strengthens our ability to meet these evolving needs, capture the strong underlying demand in the market and generate attractive and sustainable returns for our shareholders.”

In August 2026, after the reporting period, Cadeler announced the strategic acquisition of Menck, a leading global provider of specialist equipment and engineering solutions for offshore foundation installation. The acquisition marks a step-change in the development of Cadeler's offshore foundation T&I capabilities and will enable Cadeler to deliver a complete and integrated approach to project execution.

A strong order book and positive industry outlook
Cadeler’s order book for 2026 is substantially secured. Notable contract awards in 2026 include:

In February, Nexra, Cadeler’s dedicated offshore wind service platform, signed a firm contract for a 3-4 month O&M project in Taiwan commencing in March 2026, with a value exceeding EUR 20 million.In March, Nexra secured two additional firm contracts: a second 3-4 month O&M project for Wind Maker in Taiwan, and a 1-2 month project for Wind Zaratan in Japan, both completed in 2026.In addition, in January 2026, Cadeler signed a preferred supplier agreement (PSA) with an undisclosed client for the transportation and installation of monopiles and transition pieces at a large offshore wind farm in Europe. The project is expected to commence in H1 2028 and will use two Cadeler vessels, including a newbuild A-class vessel. The agreement is subject to client FID.

As of 25 August 2026, Cadeler’s total order backlog stands at nearly EUR 2.5 billion.

Mikkel Gleerup comments:
“We are seeing increasingly positive momentum across our key markets, particularly in the UK, the North Sea and Asia-Pacific. Governments show strong ambitions for offshore wind, and the undersupply of capable installation vessels is expected to increase further as the existing fleet ages and becomes less efficient. With our expanded fleet, strong order backlog and growing capabilities, Cadeler is well positioned to capture these opportunities and support the next phase of offshore wind development.”

Earnings call
In connection with the release of Cadeler's H1 2026 Financial Report, Mikkel Gleerup, Chief Executive Officer, and Peter Brogaard Hansen, Chief Financial Officer, will host a live video webcast presentation for the investment community.

Date: 25 August 2026
Time: 08:00 AM EDT / 1:00 PM UK / 2:00 PM CET

The Interim Report earnings presentation is open to all interested parties and may include forward-looking information. Please register in advance here: https://cadeler-H1-2026-earnings-presentation.open-exchange.net/.

A replay of the webcast and the presentation slides will be made available on Cadeler’s Investor Relations website following the presentation, available here: http://www.cadeler.com/investor. The full H1 2026 Interim Report is also available at the same link.

About Cadeler
Cadeler A/S (Cadeler) is a global leader in offshore wind turbine transport and installation. The company owns and operates the industry’s largest fleet of jack-up offshore wind installation vessels and is expanding its capabilities into full-scope foundation transport and installation, as well as operations & maintenance. With its modern fleet and depth of expertise across onshore and offshore operations, Cadeler supports the safe, efficient and reliable delivery of offshore wind projects worldwide. Cadeler is listed on the New York Stock Exchange (ticker: CDLR) and the Oslo Stock Exchange (ticker: CADLR). For more information, please visit www.cadeler.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260824046544/en/

Bank of New York Mellon Corp bought a new stake in Public Storage (NYSE:PSA – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,010,960 shares of the real estate investment trust’s stock, valued at approximately $321,799,000. Bank of New York Mellon Corp owned about 0.58% of Public Storage as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in Public Storage during the fourth quarter valued at approximately $1,163,751,000. Capital International Investors boosted its position in shares of Public Storage by 821.4% in the fourth quarter. Capital International Investors now owns 4,134,996 shares of the real estate investment trust’s stock valued at $1,073,032,000 after acquiring an additional 3,686,211 shares during the period. Vanguard Group Inc. boosted its position in shares of Public Storage by 9.9% in the fourth quarter. Vanguard Group Inc. now owns 25,343,098 shares of the real estate investment trust’s stock valued at $6,576,534,000 after acquiring an additional 2,274,397 shares during the period. First Trust Advisors LP grew its stake in shares of Public Storage by 287.7% in the fourth quarter. First Trust Advisors LP now owns 721,588 shares of the real estate investment trust’s stock worth $187,252,000 after acquiring an additional 535,465 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Public Storage by 498.7% in the second quarter. AQR Capital Management LLC now owns 578,491 shares of the real estate investment trust’s stock worth $166,970,000 after acquiring an additional 481,872 shares during the last quarter. 78.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes A number of research firms recently weighed in on PSA. The Goldman Sachs Group reissued a “buy” rating and set a $341.00 target price on shares of Public Storage in a research report on Wednesday, April 29th. BNP Paribas Exane boosted their price objective on Public Storage from $331.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday, May 22nd. Scotiabank upped their target price on Public Storage from $345.00 to $346.00 and gave the company an “outperform” rating in a research note on Tuesday. Weiss Ratings upgraded shares of Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, June 12th. Finally, Raymond James Financial assumed coverage on shares of Public Storage in a research note on Thursday, July 16th. They issued a “market perform” rating on the stock. Seven equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $326.16.

View Our Latest Research Report on Public Storage Insider Buying and Selling at Public Storage In related news, insider Nathaniel A. Vitan sold 1,414 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $327.53, for a total value of $463,127.42. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 11.10% of the stock is currently owned by company insiders.

Public Storage Trading Up 0.0% PSA opened at $322.76 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 2.06. The stock has a market capitalization of $56.68 billion, a PE ratio of 30.80, a PEG ratio of 3.80 and a beta of 0.96. Public Storage has a 1-year low of $256.54 and a 1-year high of $335.55. The firm has a 50-day moving average price of $322.35 and a two-hundred day moving average price of $306.22.

Public Storage (NYSE:PSA – Get Free Report) last announced its earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $1.64. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. Public Storage had a net margin of 41.80% and a return on equity of 40.98%. Public Storage’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the business earned $4.28 earnings per share. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. As a group, equities analysts anticipate that Public Storage will post 16.93 earnings per share for the current fiscal year.

Public Storage Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Tuesday, September 15th will be given a dividend of $3.00 per share. The ex-dividend date is Tuesday, September 15th. This represents a $12.00 dividend on an annualized basis and a yield of 3.7%. Public Storage’s dividend payout ratio is presently 114.50%.

Public Storage Company Profile (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.

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Capital Financial Group Inc. Co. ADV acquired a new position in Public Storage (NYSE:PSA – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,096 shares of the real estate investment trust’s stock, valued at approximately $985,000.

Other large investors have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC raised its holdings in Public Storage by 89.6% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 91 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 43 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Public Storage during the 3rd quarter valued at about $27,000. Bayban bought a new stake in shares of Public Storage during the 4th quarter valued at about $26,000. Wealth Watch Advisors INC bought a new stake in shares of Public Storage during the 3rd quarter valued at about $34,000. Finally, Raiffeisen Bank International AG increased its position in shares of Public Storage by 35.2% during 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. 78.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Public Storage In related news, insider Nathaniel A. Vitan sold 1,414 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $327.53, for a total value of $463,127.42. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.10% of the stock is owned by insiders.

Public Storage Price Performance Shares of NYSE PSA opened at $324.34 on Tuesday. The company has a 50 day simple moving average of $322.41 and a two-hundred day simple moving average of $305.08. Public Storage has a fifty-two week low of $256.54 and a fifty-two week high of $335.55. The company has a market capitalization of $56.96 billion, a price-to-earnings ratio of 30.95, a P/E/G ratio of 3.84 and a beta of 0.96. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.66 and a current ratio of 0.66. Public Storage (NYSE:PSA – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The real estate investment trust reported $4.17 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $1.64. Public Storage had a return on equity of 40.98% and a net margin of 41.80%.The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the firm posted $4.28 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. Public Storage has set its FY 2026 guidance at 16.750-17.050 EPS. Analysts expect that Public Storage will post 16.93 EPS for the current fiscal year.

Public Storage Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Tuesday, September 15th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Public Storage’s dividend payout ratio is currently 114.50%.

Analysts Set New Price Targets Several research analysts have recently issued reports on the company. Citigroup increased their target price on Public Storage from $325.00 to $363.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. JPMorgan Chase & Co. lifted their price target on Public Storage from $291.00 to $338.00 and gave the company a “neutral” rating in a research report on Thursday, June 11th. UBS Group upped their price target on Public Storage from $314.00 to $326.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. Weiss Ratings upgraded Public Storage from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, June 12th. Finally, Raymond James Financial began coverage on shares of Public Storage in a 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 given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $326.05.

Check Out Our Latest Report on PSA

About Public Storage (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.

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FRISCO, Texas--(BUSINESS WIRE)--Public Storage (NYSE: PSA) announced today that on August 4, 2026, our Board of Trustees declared a regular quarterly common dividend of $3.00 per common share. The Board also declared dividends with respect to our various series of preferred shares. The common dividends are payable on October 6, 2026 and the preferred dividends are payable on September 30, 2026, in each case to shareholders of record as of September 15, 2026.

About Public Storage

Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At June 30, 2026, we: (i) owned and/or operated 3,584 self-storage facilities located in 40 states with approximately 259 million net rentable square feet in the United States and (ii) owned a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 335 self-storage facilities located in seven Western European countries with approximately 19 million net rentable square feet operated under the Shurgard® brand. On July 22, 2026, we completed our acquisition of National Storage Affiliates Trust, bringing our total owned and/or operated facilities to 4,647 with 329 million net rentable square feet across 41 states and Puerto Rico. Our headquarters are located in Frisco, Texas.

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REITs Set for a 2026 Rebound? 7 Top Picks as Rate Cuts ApproachPublic Storage NYSE: PSA said its second-quarter operating trends improved and raised its 2026 guidance, while highlighting the completed acquisition of National Storage Affiliates and a planned entry into Canada through the acquisition of Public Storage Canada.

Core funds from operations totaled $4.17 per share in the second quarter, down from a year earlier and sequentially, which President and CFO Joe Fisher attributed to higher financing costs and general and administrative expenses. Same-store revenue declined 0.6% year over year and same-store net operating income fell 2.2%, though both measures exceeded the company’s internal expectations.

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These 3 Defensive Stocks Could Help Portfolios Weather a 2026 DownturnThe company reported improving forward-looking operating indicators. Average move-in rents increased 1.6%, marking the first time since 2021 that both move-in rates and occupancy rose year over year, Fisher said. Occupancy was 92.5%, up 20 basis points from the prior year, while move-in rates rose 18% from the fourth quarter of 2025.

Guidance Raised as Operating Trends Improve Public Storage raised its full-year outlook across key metrics. The company now expects same-store revenue growth at a midpoint of negative 0.2% and same-store NOI growth at a midpoint of negative 1.1%, representing improvements of 90 basis points and 110 basis points, respectively, from its previous guidance.

What are specialty REITs? How to invest in themThe revised outlook assumes positive low-double-digit new move-in rate growth, compared with a prior expectation for mid-single-digit declines, and occupancy growth of 30 basis points year over year, versus a previous assumption of flat occupancy.

Core FFO guidance was increased to a range of $16.75 to $17.05 per share, with a midpoint of $16.90, a $0.22-per-share increase from the prior forecast. Fisher said the increase reflects stronger same-store trends, lower-than-expected interest expense, and contributions from non-same-store properties and ancillary businesses, partly offset by higher G&A expenses.

Public Storage expects same-store revenue growth to improve in the second half of the year and turn positive in the fourth quarter. Fisher said the company’s performance in Los Angeles, where pricing restrictions have expired, will contribute to that improvement but will not be the sole driver. Stronger coastal and Midwestern markets, along with improving Sun Belt conditions, are also expected to help.

CEO Tom Boyle said June move-in rents were up 4% year over year, aided by a more consistent year-over-year promotional strategy, and July trends remained positive. July occupancy was up about 30 basis points year over year, according to Boyle.

NSA Integration Begins Public Storage closed its acquisition of National Storage Affiliates on July 22 and transitioned the acquired portfolio of approximately 1,100 stores and 575,000 units to Public Storage systems overnight, Boyle said. The company also welcomed more than 1,300 former NSA employees.

On the first day after closing, Public Storage completed more than 1,500 reservations, transitioned 265,000 autopay accounts, began rent collections and started temporary rebranding efforts, according to Boyle.

Management said the integration has identified additional expansion opportunities. Boyle said the company found approximately 14,000 units that could be restored to inventory through repair-and-maintenance spending, creating incremental availability in the second half of 2026. The company has also identified opportunities to expand some existing NSA properties.

Public Storage maintained its expectation that NSA and the planned Canadian transaction would be neutral to Core FFO in 2026 before financing effects. Fisher said the company now expects approximately $0.02 per share of positive Core FFO impact this year from financing benefits associated with the two transactions. The benefit is primarily tied to the ability to finance part of the NSA acquisition using lower-cost Canadian borrowing after the Canadian deal closes.

NSA generated year-to-date NOI growth of 2.4%, driven by occupancy improvement and expense controls, Fisher said. Its year-to-date Core FFO was $1.14 per share, which Public Storage said was ahead of consensus expectations.

Canadian Acquisition and Capital Deployment Public Storage expects to close its $1.2 billion acquisition of Public Storage Canada in the third quarter. The Canadian portfolio is the country’s third largest and is concentrated in Toronto and Vancouver, with properties in infill locations. Boyle said the Canadian self-storage market has per-capita supply of about 2.5, below U.S. levels.

The transaction is expected to be funded with about $900 million in operating partnership units and roughly $300 million in Canadian debt. The seller also may receive additional OP units through earn-out provisions tied to future NOI performance.

Fisher said the portfolio has 83% occupancy and 65% NOI margins, presenting potential upside through the company’s PS Next operating platform. The Canadian OP-unit issuance will allow Public Storage to finance an equivalent portion of the NSA acquisition at Canadian rates more than 100 basis points below the U.S. financing levels used in the original underwriting, he said.

Elsewhere, the company said it had acquired or placed under contract more than $450 million of properties year to date, with about 70% of that activity conducted off market. Management said it has increasingly targeted recently developed lease-up properties, which can be dilutive to near-term FFO but may offer higher stabilized returns.

Development pipeline: $692 million across 47 projects, with targeted stabilized yields of 8%. Remaining development funding: $432 million. Lending platform: $173 million outstanding, up $30 million from the prior quarter, at a current rate of about 7.6%. Third-party management: 22 net new properties added during the quarter, bringing the total to more than 460 properties. Balance Sheet and Customer Initiatives Public Storage reported approximately $12 billion in capital-markets activity completed or committed year to date. During and after the quarter, it announced $5.9 billion of debt-related activity, including $1.4 billion of unsecured issuance, an expanded and extended $3 billion revolving credit facility, a new $1 billion commercial paper program and a $500 million delayed-draw term loan.

The $1.4 billion of unsecured debt carried a weighted average effective rate below 5%, Fisher said. The company also entered forward-sale agreements for nearly 800,000 shares under its at-the-market program, expected to produce nearly $260 million in future net proceeds.

At quarter-end, Public Storage had $3.8 billion of available liquidity between cash and its revolving credit facility, plus about $600 million in annual free cash flow. Net debt to EBITDA stood at 2.9 times.

Boyle said customer-focused initiatives are contributing to lower churn and improved sentiment. The company now receives roughly 90,000 customer surveys a month, compared with 2,000 to 3,000 previously. It also continues to expand digital tools: nearly 90% of customers interact with Public Storage digitally during their rental journey, while three-quarters complete their leases entirely online. Its AI-powered customer service agent, Ellie, has handled more than 90,000 customer interactions in recent months, Boyle said.

About Public Storage (NYSE:PSA)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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Public Storage (PSA) Q2 2026 Earnings Call Transcript

Public Storage (PSA) released its 8-K filing on July 29, 2026, announcing its financial results for the quarter ended June 30, 2026, and a revised outlook for t

For the quarter ended June 2026, Public Storage (PSA - Free Report) reported revenue of $1.23 billion, up 2.7% over the same period last year. EPS came in at $4.17, compared to $1.76 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $1.21 billion, representing a surprise of +1.59%. The company delivered an EPS surprise of -1.88%, with the consensus EPS estimate being $4.25.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Public Storage performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Square foot occupancy: 92.5% compared to the 92.4% average estimate based on two analysts.Revenues- Ancillary operations: $92.93 million versus $90.75 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +12.7% change.Revenues- Self-storage facilities: $1.14 billion compared to the $1.14 billion average estimate based on two analysts. The reported number represents a change of +1.9% year over year.Net Earnings Per Share (Diluted): $2.55 versus the two-analyst average estimate of $2.53.View all Key Company Metrics for Public Storage here>>>

Shares of Public Storage have returned +3.8% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Posted by Defense World Staff on Jul 29th, 2026

Arrowstreet Capital Limited Partnership lowered its holdings in Public Storage (NYSE:PSA – Free Report) by 65.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 126,080 shares of the real estate investment trust’s stock after selling 235,145 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.07% of Public Storage worth $34,153,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Harvest Fund Management Co. Ltd acquired a new position in Public Storage during the third quarter worth about $27,000. Bayban acquired a new stake in shares of Public Storage during the 4th quarter valued at approximately $26,000. Wealth Watch Advisors INC acquired a new stake in shares of Public Storage during the 3rd quarter valued at approximately $34,000. Raiffeisen Bank International AG boosted its stake in shares of 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 acquiring an additional 37 shares in the last quarter. Finally, Knuff & Co LLC purchased a new stake in shares of Public Storage during the 4th quarter worth approximately $38,000. 78.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity In other news, insider Nathaniel A. Vitan sold 950 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $324.81, for a total value of $308,569.50. Following the sale, the insider directly owned 1,414 shares in the company, valued at $459,281.34. This represents a 40.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades PSA has been the subject of several research analyst reports. Citigroup raised their price objective on Public Storage from $325.00 to $363.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Barclays reiterated 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 target price on Public Storage from $302.00 to $338.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Raymond James Financial assumed coverage on Public Storage in a research report on Thursday, July 16th. They issued a “market perform” rating for the company. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $341.00 price target on shares of Public Storage in a research note on Wednesday, April 29th. Seven analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $325.37.

Read Our Latest Analysis on PSA

Public Storage Stock Up 2.2% PSA stock opened at $331.02 on Wednesday. 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 company’s 50 day simple moving average is $316.58 and its 200-day simple moving average is $300.98. Public Storage has a 12 month low of $256.54 and a 12 month high of $335.05. The firm has a market capitalization of $58.11 billion, a PE ratio of 34.16, a P/E/G 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 (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.29. The firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.12 EPS. Equities analysts expect that Public Storage will post 16.94 earnings per share for the current fiscal year.

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

About Public Storage (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.

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Posted by Defense World Staff on Jul 27th, 2026

Cetera Investment Advisers grew its stake in Public Storage (NYSE:PSA – Free Report) by 21.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,334 shares of the real estate investment trust’s stock after purchasing an additional 15,134 shares during the period. Cetera Investment Advisers’ holdings in Public Storage were worth $23,386,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Prestige Wealth Management Group LLC boosted its position in Public Storage by 2,925.3% in the first quarter. Prestige Wealth Management Group LLC now owns 2,269 shares of the real estate investment trust’s stock valued at $615,000 after buying an additional 2,194 shares in the last quarter. Lasalle Investment Management Securities LLC increased its holdings in shares of Public Storage by 1.0% during the first quarter. Lasalle Investment Management Securities LLC now owns 484,663 shares of the real estate investment trust’s stock worth $131,286,000 after buying an additional 4,670 shares in the last quarter. ABN Amro Investment Solutions lifted its stake in shares of Public Storage by 10.7% in the 1st quarter. ABN Amro Investment Solutions now owns 8,623 shares of the real estate investment trust’s stock valued at $2,336,000 after acquiring an additional 836 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of Public Storage in the 1st quarter valued at $76,000. Finally, Johnson Financial Group Inc. boosted its holdings in shares of Public Storage by 12.9% during the 1st quarter. Johnson Financial Group Inc. now owns 7,639 shares of the real estate investment trust’s stock valued at $2,069,000 after acquiring an additional 873 shares in the last quarter. 78.79% of the stock is owned by institutional investors.

Analyst Ratings Changes A number of equities research analysts recently weighed in on PSA shares. JPMorgan Chase & Co. boosted 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. BNP Paribas Exane increased their target price on Public Storage from $331.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday, May 22nd. Royal Bank Of Canada lifted their price target on Public Storage from $301.00 to $305.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 29th. Truist Financial boosted their price target on Public Storage from $302.00 to $338.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $341.00 price objective on shares of Public Storage in a research note on Wednesday, April 29th. Seven investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $325.37.

Read Our Latest Stock Report on PSA

Public Storage Stock Performance Shares of Public Storage stock opened at $323.05 on Monday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.02. Public Storage has a twelve month low of $256.54 and a twelve month high of $331.79. The stock has a market cap of $56.71 billion, a price-to-earnings ratio of 33.34, a P/E/G ratio of 4.34 and a beta of 0.96. The company’s fifty day moving average is $315.35 and its 200 day moving average is $300.14.

Public Storage (NYSE:PSA – Get Free Report) last posted 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. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.22 billion. Public Storage had a return on equity of 37.78% and a net margin of 39.16%.Public Storage’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the business posted $4.12 earnings per share. Sell-side analysts forecast that Public Storage will post 16.94 EPS for the current year.

Public Storage Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $3.00 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $12.00 annualized dividend and a dividend yield of 3.7%. Public Storage’s dividend payout ratio is presently 123.84%.

Insider Buying and Selling at Public Storage In other news, insider Nathaniel A. Vitan sold 950 shares of the firm’s stock in a transaction dated 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 directly owned 1,414 shares in the company, valued at $459,281.34. This trade represents a 40.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.10% of the company’s stock.

About Public Storage (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.

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The upcoming report from Public Storage (PSA - Free Report) is expected to reveal quarterly earnings of $4.25 per share, indicating a decline of 0.7% compared to the year-ago period. Analysts forecast revenues of $1.21 billion, representing an increase of 1% year over year.

The current level reflects a downward revision of 0.7% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.

Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.

In light of this perspective, let's dive into the average estimates of certain Public Storage metrics that are commonly tracked and forecasted by Wall Street analysts.

Based on the collective assessment of analysts, 'Revenues- Self-storage facilities' should arrive at $1.14 billion. The estimate indicates a change of +1.8% from the prior-year quarter.

Analysts expect 'Revenues- Ancillary operations' to come in at $90.75 million. The estimate indicates a year-over-year change of +10.1%.

The average prediction of analysts places 'Square foot occupancy' at 92.4%. Compared to the present estimate, the company reported 92.2% in the same quarter last year.

According to the collective judgment of analysts, 'Depreciation and amortization' should come in at $293.81 million.

View all Key Company Metrics for Public Storage here>>>

Shares of Public Storage have experienced a change of -1.8% in the past month compared to the +0.6% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), PSA is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .