Public Storage Given Consensus Rating of “Hold” by Brokerages (NYSE:PSA)
Public Storage (NYSE:PSA) has been given an average rating of “Hold” by the seventeen analysts that are covering the stock, Analyst Ratings.Net reports. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $163.33.
Shares of Public Storage (NYSE:PSA) opened at 162.05 on Tuesday. Public Storage has a one year low of $145.04 and a one year high of $176.68. The stock has a 50-day moving average of $153.8 and a 200-day moving average of $158.3. The company has a market cap of $27.883 billion and a P/E ratio of 34.46.
A number of research firms have recently commented on PSA. Analysts at Ned Davis Research downgraded shares of Public Storage from a “neutral” rating to a “sell” rating in a research note on Monday. Separately, analysts at Barclays cut their price target on shares of Public Storage from $192.00 to $185.00 in a research note on Tuesday, January 28th. They now have an “overweight” rating on the stock.
Public Storage (NYSE:PSA) is a real estate investment trust (REIT).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.