Public Storage Price Target Raised to $206.00 at Barclays (PSA)
Equities research analysts at Barclays hoisted their price target on shares of Public Storage (NYSE:PSA) from $201.00 to $206.00 in a research note issued to investors on Monday. The firm currently has an “overweight” rating on the stock. Barclays’ price objective indicates a potential upside of 18.93% from the stock’s previous close.
A number of other firms have also recently commented on PSA. 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. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $173.17.
Shares of Public Storage (NYSE:PSA) traded down 0.18% on Monday, hitting $172.90. 416,371 shares of the company’s stock traded hands. Public Storage has a one year low of $147.14 and a one year high of $176.72. The stock has a 50-day moving average of $171.3 and a 200-day moving average of $167.0. The company has a market cap of $29.832 billion and a price-to-earnings ratio of 34.92.
Public Storage (NYSE:PSA) last released its earnings data on Thursday, May 1st. The company reported $1.80 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $1.65 earnings per share. Public Storage’s revenue was up 10.3% compared to the same quarter last year. 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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