Public Storage (NYSE:PSA) received a $220.00 target price from analysts at B. Riley in a research note issued on Wednesday. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. B. Riley’s target price points to a potential upside of 3.33% from the stock’s current price.

A number of other equities research analysts also recently weighed in on PSA. Jefferies Group LLC set a $210.00 price target on shares of Public Storage and gave the company a “hold” rating in a research report on Thursday, August 17th. Zacks Investment Research downgraded shares of Public Storage from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. BidaskClub downgraded shares of Public Storage from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Argus dropped their price target on shares of Public Storage from $260.00 to $250.00 and set a “buy” rating for the company in a research report on Tuesday, August 1st. Finally, FBR & Co set a $220.00 price target on shares of Public Storage and gave the company a “hold” rating in a research report on Thursday, October 26th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. Public Storage presently has an average rating of “Hold” and a consensus price target of $213.08.

Public Storage (NYSE PSA) traded down $0.33 during midday trading on Wednesday, hitting $212.92. 640,800 shares of the stock were exchanged, compared to its average volume of 854,197. Public Storage has a 52 week low of $192.15 and a 52 week high of $232.21. The firm has a market capitalization of $37,114.24, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 4.45 and a beta of 0.43.

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A number of large investors have recently made changes to their positions in PSA. OppenheimerFunds Inc. increased its stake in Public Storage by 9.0% in the first quarter. OppenheimerFunds Inc. now owns 1,474 shares of the real estate investment trust’s stock valued at $323,000 after acquiring an additional 122 shares during the last quarter. CENTRAL TRUST Co grew its stake in shares of Public Storage by 41.3% during the second quarter. CENTRAL TRUST Co now owns 578 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 169 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Public Storage by 2.3% during the second quarter. Oregon Public Employees Retirement Fund now owns 35,951 shares of the real estate investment trust’s stock worth $7,497,000 after buying an additional 800 shares during the last quarter. LS Investment Advisors LLC grew its stake in shares of Public Storage by 3.0% during the second quarter. LS Investment Advisors LLC now owns 4,963 shares of the real estate investment trust’s stock worth $1,035,000 after buying an additional 145 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in shares of Public Storage by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 9,300 shares of the real estate investment trust’s stock worth $1,939,000 after buying an additional 100 shares during the last quarter. 80.18% of the stock is currently owned by institutional investors and hedge funds.

Public Storage Company Profile

Public Storage is a real estate investment trust (REIT). The Company’s principal business activities include the ownership and operation of self-storage facilities, which offer storage spaces for lease, generally on a month-to-month basis, for personal and business use, ancillary activities, such as merchandise sales and tenant reinsurance to the tenants at its self-storage facilities, as well as the acquisition and development of additional self-storage space.

Analyst Recommendations for Public Storage (NYSE:PSA)

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