Public Storage (NYSE:PSA) Given Average Rating of “Hold” by Analysts

Shares of Public Storage (NYSE:PSAGet Free Report) have received a consensus rating of “Hold” from the eighteen ratings firms that are currently covering the company, Marketbeat.com reports. Twelve equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $306.6250.

A number of equities research analysts have commented on the stock. BNP Paribas Exane cut their target price on shares of Public Storage from $329.00 to $315.00 in a research report on Tuesday, December 23rd. Wolfe Research cut Public Storage from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 26th. UBS Group decreased their price target on shares of Public Storage from $293.00 to $276.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Public Storage in a research report on Thursday, January 22nd. Finally, BMO Capital Markets cut their target price on Public Storage from $320.00 to $305.00 and set a “market perform” rating on the stock in a research report on Monday, December 22nd.

Check Out Our Latest Analysis on Public Storage

Public Storage Price Performance

Shares of NYSE PSA opened at $300.55 on Friday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.45 and a current ratio of 0.45. The company has a 50 day simple moving average of $275.29 and a two-hundred day simple moving average of $282.08. Public Storage has a fifty-two week low of $256.54 and a fifty-two week high of $322.49. The company has a market capitalization of $52.74 billion, a price-to-earnings ratio of 33.32, a P/E/G ratio of 9.91 and a beta of 1.01.

Public Storage News Summary

Here are the key news stories impacting Public Storage this week:

Institutional Investors Weigh In On Public Storage

Several large investors have recently modified their holdings of the business. Harbor Asset Planning Inc. purchased a new position in Public Storage during the 2nd quarter worth $25,000. First Pacific Financial purchased a new position in shares of Public Storage during the third quarter worth $26,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Public Storage in the 3rd quarter valued at about $27,000. Asset Dedication LLC grew its stake in shares of Public Storage by 111.1% during the 2nd 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 during the period. Finally, Raiffeisen Bank International AG purchased a new position in Public Storage in the third quarter valued at $30,000. Institutional investors own 78.79% of the company’s stock.

Public Storage Company Profile

(Get 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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Analyst Recommendations for Public Storage (NYSE:PSA)

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