1 day Ago By Defense World Staff
Public Storage ( NYSE:PSA – Get Free Report ) had its price target raised by investment analysts at Evercore ISI from $334.00 to $343.00 in a research report issued to clients and investors on Monday, Benzinga reports.
The brokerage presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price target would suggest a potential downside of 4.07% from the stock’s previous close.
Several other equities research analysts have also recently weighed in on PSA. Wells Fargo & Company increased their price target on shares of Public Storage from $310.00 to $320.
00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Barclays increased their target price on shares of Public Storage from $327.00 to $374.
00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Scotiabank boosted their price target on Public Storage from $308.00 to $339.
00 and gave the company a “sector perform” rating in a report on Thursday, August 22nd. Wolfe Research raised Public Storage to a “strong-buy” rating in a research report on Wednesday, September 4th. Finally, Truist Financial lowered Public Storage from a “buy” rating to a “hold” rating and set a $306.
00 price objective on the stock. in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company.
According to MarketBeat, Public Storage currently has an average rating of “Moderate Buy” and an average target price of $325.85. Check Out Our Latest Report on Public Storage Public Storage Stock Down 1.
5 % Public Storage ( NYSE:PSA – Get Free Report ) last announced its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $2.66 EPS for the quarter, missing analysts’ consensus estimates of $4.
20 by ($1.54). Public Storage had a return on equity of 36.
55% and a net margin of 44.88%. The company had revenue of $921.
70 million during the quarter, compared to analysts’ expectations of $1.16 billion. Public Storage’s revenue for the quarter was down 1.
0% on a year-over-year basis. During the same period last year, the firm earned $4.28 earnings per share.
On average, equities analysts expect that Public Storage will post 16.73 EPS for the current year. Hedge Funds Weigh In On Public Storage Institutional investors and hedge funds have recently made changes to their positions in the business.
Gryphon Financial Partners LLC increased its holdings in shares of Public Storage by 2.5% during the fourth quarter. Gryphon Financial Partners LLC now owns 1,562 shares of the real estate investment trust’s stock valued at $476,000 after acquiring an additional 38 shares in the last quarter.
Signet Financial Management LLC increased its stake in Public Storage by 2.1% during the 1st quarter. Signet Financial Management LLC now owns 1,913 shares of the real estate investment trust’s stock valued at $555,000 after purchasing an additional 39 shares in the last quarter.
Assenagon Asset Management S.A. increased its stake in Public Storage by 0.
9% during the 2nd quarter. Assenagon Asset Management S.A.
now owns 4,174 shares of the real estate investment trust’s stock valued at $1,201,000 after purchasing an additional 39 shares in the last quarter. Brookstone Capital Management raised its holdings in Public Storage by 3.4% in the first quarter.
Brookstone Capital Management now owns 1,222 shares of the real estate investment trust’s stock worth $354,000 after buying an additional 40 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its stake in shares of Public Storage by 3.5% in the first quarter.
Legacy Wealth Asset Management LLC now owns 1,232 shares of the real estate investment trust’s stock worth $357,000 after buying an additional 42 shares in the last quarter. Institutional investors own 78.79% of the company’s stock.
About Public Storage ( Get Free Report ) Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At December 31, 2023, we had: (i) interests in 3,044 self-storage facilities located in 40 states with approximately 218 million net rentable square feet in the United States and (ii) a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 275 self-storage facilities located in seven Western European nations with approximately 15 million net rentable square feet operated under the Shurgard brand. Further Reading Five stocks we like better than Public Storage Do Real Estate Investment Trusts Deserve a Place in Your Portfolio? Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge What does consumer price index measure? Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker Receive News & Ratings for Public Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Public Storage and related companies with MarketBeat.
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