Public Storage (NYSE:PSA) Upgraded to Hold at Wall Street Zen

Public Storage (NYSE:PSA) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Several other research analysts have also recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Public Storage in a research report on Thursday, January 22nd. William Blair set a $305.00 price target on shares of Public Storage in a research note on Monday. Deutsche Bank Aktiengesellschaft cut Public Storage from a “buy” rating to a “hold” rating and set a $285.00 target price for the company. in a research note on Tuesday, January 20th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Public Storage in a report on Monday. Finally, BNP Paribas Exane lowered their price target on shares of Public Storage from $329.00 to $315.00 in a research note on Tuesday, December 23rd. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, Public Storage has a consensus rating of “Hold” and an average price target of $307.00.

Public Storage Price Performance

Shares of NYSE PSA opened at $265.99 on Friday. Public Storage has a one year low of $256.54 and a one year high of $312.95. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a fifty day moving average of $292.15 and a 200 day moving average of $284.40. The firm has a market cap of $46.68 billion, a PE ratio of 29.49, a PEG ratio of 5.60 and a beta of 0.99.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. First Pacific Financial purchased a new position in Public Storage during the 3rd quarter worth approximately $26,000. Harvest Fund Management Co. Ltd acquired a new stake in Public Storage in the third quarter valued at approximately $27,000. Asset Dedication LLC boosted its holdings in Public Storage by 111.1% in the second quarter. Asset Dedication LLC now owns 95 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 50 shares in the last quarter. Bayban acquired a new position in Public Storage during the fourth quarter valued at approximately $26,000. Finally, Raiffeisen Bank International AG bought a new position in shares of Public Storage in the third quarter worth about $30,000. Institutional investors own 78.79% of the company’s stock.

Public Storage Company Profile

Public Storage (NYSE: PSA) is a real estate investment trust (REIT) that specializes in self-storage services. Headquartered in Glendale, California, the company was founded in the early 1970s and has grown through development and acquisitions to become one of the largest owner-operators of self-storage facilities in the United States. It is publicly traded on the New York Stock Exchange under the ticker PSA.

The company’s core business is the ownership, operation and management of self-storage properties that serve both residential and commercial customers.