Brokerage Firm Rating Update on Public Storage (PSA)

Public Storage (PSA) : Zacks Investment Research ranks Public Storage (PSA) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 12 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 3, which indicates as a Hold.

Public Storage (PSA) stock is expected to deviate a maximum of $18.95 from the average target price of $244 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $289 and the most muted being $220.


Company shares have received an average consensus rating of Hold for the current week Also, Evercore ISI Group upgrades their rating on the shares of Public Storage (NYSE:PSA). The current rating of the shares is Hold. Earlier, the shares were rated a Sell by the brokerage firm. The rating by the firm was issued on August 22, 2016.

Public Storage (NYSE:PSA): The stock opened at $224.31 and touched an intraday high of $226.53 on Wednesday. During the day, the stock corrected to an intraday low of $223.45, however, the bulls stepped in and pushed the price higher to close in the green at $225.93 with a gain of 0.70% for the day. The total traded volume for the day was 728,383. The stock had closed at $224.37 in the previous trading session.

Public Storage (the Trust) is a real estate investment trust (REIT). The Trusts principal business activities include Domestic Self-Storage, European Self-Storage and Commercial. The Trust acquires, develops, owns and operates self-storage facilities, which offer storage spaces for lease, on a month-to-month basis, for personal and business use. It has direct and indirect equity interests in self-storage facilities in the United States operating under the Public Storage brand name. The Trust has an around 49% equity interest in Shurgard Self Storage Europe Limited (Shurgard Europe), which owns approximately 192 self-storage facilities (10 million net rentable square feet of space) located in seven countries in Western Europe operated under the Shurgard brand name. The Trust has an around 42% equity interest in PS Business Parks, Inc. (PSB), a publicly held REIT, which owns and operates around 28.6 million net rentable square feet of commercial space.

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