Barclays analyst Brendan Lynch maintained a Buy rating on Public Storage (PSA – Research Report) on May 17 and set a price target of $327.00. The company’s shares closed last Friday at $288.67.
According to TipRanks, Lynch is an analyst with an average return of -4.8% and a 46.76% success rate. Lynch covers the Real Estate sector, focusing on stocks such as SBA Communications, American Tower, and Cousins Properties.
Currently, the analyst consensus on Public Storage is a Strong Buy with an average price target of $319.55, which is a 10.70% upside from current levels. In a report released on May 14, Truist Financial also maintained a Buy rating on the stock with a $306.00 price target.
PSA market cap is currently $50.73B and has a P/E ratio of 26.20.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PSA in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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:
- Public Storage price target raised to $289 from $270 at Scotiabank
- Public Storage director buys $599.5K in common stock
- Public Storage price target lowered to $306 from $315 at Truist
- Public Storage sees FY24 core FFO $16.60-$17.20, consensus $16.92
- Public Storage reports Q1 core FFO $4.03, consensus $4.07
