Public Storage (PSA) : The consensus on Public Storage (PSA) based on 14 analyst recommendation on the company stock is 3, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 12 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Public Storage (PSA) stock is expected to deviate a maximum of $21.45 from the average target price of $241.82 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $289 and the most muted being $205.
Also, Evercore ISI Group upgrades its rating on Public Storage (NYSE:PSA). Analysts at the Evercore ISI Group have a current rating of Hold on the shares. The shares were previously rated Sell. The rating by the firm was issued on August 22, 2016.
Public Storage (NYSE:PSA): The stock opened in the green at $214.71 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $215.5 and a low of $213.49 for the day. The stock did not find buyers even at the lows and closed at $214.8 recording a loss of -0.14%. 915,459 shares exchanged hands during the trading day. The stock had closed at $215.1 in the previous days trading.
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.