Public Storage Receives Average Recommendation of “Hold” from Analysts (NYSE:PSA)
Public Storage (NYSE:PSA) has earned an average recommendation of “Hold” from the thirteen analysts that are covering the stock, Analyst Ratings Net reports. Three investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $172.75.
A number of analysts have recently weighed in on PSA shares. Analysts at Zacks reiterated a “neutral” rating on shares of Public Storage in a research note on Tuesday, July 8th. They now have a $179.00 price target on the stock. Separately, analysts at SunTrust raised their price target on shares of Public Storage from $165.00 to $178.00 in a research note on Friday, May 16th. They now have a “neutral” rating on the stock. Finally, analysts at Jefferies Group downgraded shares of Public Storage from a “buy” rating to a “hold” rating in a research note on Thursday, May 8th. They now have a $175.00 price target on the stock, down previously from $185.00.
Public Storage (NYSE:PSA) opened at 171.31 on Wednesday. Public Storage has a 52-week low of $147.14 and a 52-week high of $176.72. The stock has a 50-day moving average of $171.1 and a 200-day moving average of $166.4. The company has a market cap of $29.558 billion and a price-to-earnings ratio of 34.53.
Public Storage (NYSE:PSA) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.80 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.86 by $0.06. The company had revenue of $519.62 million for the quarter, compared to the consensus estimate of $488.02 million. During the same quarter in the prior year, the company posted $1.65 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. Analysts expect that Public Storage will post $7.97 EPS for the current fiscal year.
Public Storage (NYSE:PSA) is a real estate investment trust (REIT).
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