Public Storage (PSA) : 2 brokerage houses believe that Public Storage (PSA) is a Strong Buy at current levels. 11 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Public Storage (PSA). Zacks Investment Research suggests a Hold with a rank of 3. 2 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 15 Wall Street Analysts endorse the stock as a Hold with a rating of 3.
Public Storage (PSA) : The consensus price target for Public Storage (PSA) is $257.18 for the short term with a standard deviation of $19.99. The most optimist securities analyst among the 11 who monitor the stock believes that the stock can reach $289, however, the pessimist price target for the company is $230.
Company shares have received an average consensus rating of Hold for the current week
Public Storage (NYSE:PSA): The stock opened at $234.63 on Wednesday but the bulls could not build on the opening and the stock topped out at $234.63 for the day. The stock traded down to $231.19 during the day, due to lack of any buying support eventually closed down at $233.45 with a loss of -0.38% for the day. The stock had closed at $234.35 on the previous day. The total traded volume was 1,073,385 shares.
Public Storage (the Trust) is a real estate investment trust (REIT). The Trusts principal business activities include Domestic Self-Storage, European Self-Storage and Commercial. The Trust acquires, develops, owns and operates self-storage facilities, which offer storage spaces for lease, on a month-to-month basis, for personal and business use. It has direct and indirect equity interests in self-storage facilities in the United States operating under the Public Storage brand name. The Trust has an around 49% equity interest in Shurgard Self Storage Europe Limited (Shurgard Europe), which owns approximately 192 self-storage facilities (10 million net rentable square feet of space) located in seven countries in Western Europe operated under the Shurgard brand name. The Trust has an around 42% equity interest in PS Business Parks, Inc. (PSB), a publicly held REIT, which owns and operates around 28.6 million net rentable square feet of commercial space.