Public Storage Upgraded to Neutral by Ned Davis Research (PSA)
Public Storage (NYSE:PSA) was upgraded by equities research analysts at Ned Davis Research from a “sell” rating to a “neutral” rating in a research note issued to investors on Monday, AnalystRatingsNetwork.com reports.
Public Storage (NYSE:PSA) traded up 0.07% during mid-day trading on Monday, hitting $154.37. 128,469 shares of the company’s stock traded hands. Public Storage has a 52 week low of $145.04 and a 52 week high of $176.68. The stock’s 50-day moving average is $151.7 and its 200-day moving average is $158.5. The company has a market cap of $26.562 billion and a price-to-earnings ratio of 32.81.
Public Storage (NYSE:PSA) last issued its quarterly earnings data on Friday, November 1st. The company reported $1.92 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.88 by $0.04. The company had revenue of $441.01 million for the quarter, compared to the consensus estimate of $474.70 million. During the same quarter in the prior year, the company posted $1.73 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts predict that Public Storage will post $7.42 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group upgraded shares of Public Storage from a “hold” rating to a “buy” rating in a research note to investors on Thursday. They now have a $175.00 price target on the stock, down previously from $180.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Public Storage in a research note to investors on Tuesday, January 7th. They now have a $158.00 price target on the stock. Finally, analysts at BMO Capital Markets downgraded shares of Public Storage from a “market perform” rating to an “underperform” rating in a research note to investors on Tuesday, December 17th. They now have a $140.00 price target on the stock, down previously from $157.00. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $163.25.
Public Storage (NYSE:PSA) is a real estate investment trust (REIT).
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