Public Storage (NYSE:PSA) has been upgraded from Sell to Hold in a statement by Evercore ISI earlier today.
- Updated: September 17, 2016
Only yesterday Public Storage (NYSE:PSA) traded 0.07% higher at $224.03. Public Storage’s 50-day average is $229.03 and its 200-day moving average is $250.12. The last stock close is down 14.06% from the 200-day average, compared with the S&P 500 which has decreased -0.01% over the same time period. Trade volume was was up over the average, with 1,266,549 shares of PSA changing hands over the typical 866,784 shares..
Evercore ISI has upgraded Public Storage(NYSE:PSA) from Sell to Hold in a statement released 8/22/2016.
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Also covering Public Storage’s price target, a total of 16 brokers have reported on Public Storage. The consensus target stock price is $253.47 with three analysts rating the stock a strong buy, 0 rating the stock a buy, 13 firms rating the stock a hold, two analysts rating the company to underperform, and finally one brokerage rating the company as sell.
Public Storage has a P/E of 34 with a one-year low of $203.04 and a 52 week high of $277.60. Public Storage’s market capitalization is presently $0.0.
About Public Storage (NYSE:PSA)
Public Storage is a real estate investment trust. The Company’s 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. It operates through Self-Storage Operations, Ancillary Operations, Investment in PS Business Parks, Inc. (PSB) and Investment in Shurgard Europe segments. It also has direct and indirect equity interests in over 30 million net rentable square feet of commercial space located in over nine states in the United States primarily owned and operated by PSB under the PS Business Parks name. It manages approximately 30 self-storage facilities for third parties, and and has equity interests in and manages over 12 additional self-storage facilities.
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