Barclays analyst Brendan Lynch maintained a Buy rating on Public Storage (PSA – Research Report) today and set a price target of $330.00. The company’s shares closed yesterday at $259.45.
According to TipRanks, Lynch is an analyst with an average return of -6.0% and a 39.85% success rate. Lynch covers the Real Estate sector, focusing on stocks such as SBA Communications, American Tower, and Boston Properties.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Public Storage with a $319.50 average price target, which is a 23.15% upside from current levels. In a report released yesterday, BMO Capital also maintained a Buy rating on the stock with a $330.00 price target.
PSA market cap is currently $45.28B and has a P/E ratio of 23.30.
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Public Storage (PSA) Company Description:
Public Storage engages in self-storage services in the United States. The company acquires, develops, owns and operates self-storage facilities, which it provides on a monthly rental basis for business and personal use. It has interest in over 2,500 self-storage facilities located across 38 states.
Read More on PSA:
- PSA Upcoming Earnings Report: What to Expect?
- Wells Fargo upgrades Public Storage, names top idea in storage
- Public Storage upgraded to Overweight from Equal Weight at Wells Fargo
- Palantir downgraded, CyberArk initiated: Wall Street’s top analyst calls
- Public Storage upgraded to Strong Buy from Market Perform at Raymond James
