Public Storage (PSA) Receives Price Target

Public Storage (PSA) : The highest short term price target forecast on Public Storage (PSA) is $289 and the lowest target price is $220. A total of 11 equity analysts are currently covering the company. The average price of all the analysts is $244 with a standard deviation of $18.95.

Public Storage (PSA) has an average broker rating of 3, which is interpreted as a Hold, as rated by 14 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 12 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.


Also, In the latest statement by the brokerage house, Evercore ISI Group upgrades its outlook on Public Storage (NYSE:PSA). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Sell. The rating by the firm was issued on August 22, 2016.

Public Storage (NYSE:PSA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $224.25 and $223.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $228.13. The buying momentum continued till the end and the stock did not give up its gains. It closed at $226.11, notching a gain of 0.97% for the day. The total traded volume was 770,250 . The stock had closed at $223.94 on the previous day.

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.

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