Public Storage which can be found using ticker (PSA) now have 10 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 367 and 282 calculating the average target price we see $340.00. Now with the previous closing price of $307.26 this indicates there is a potential upside of 10.7%. The 50 day moving average now sits at $297.81 while the 200 day moving average is $304.16. The market capitalization for the company is $54,787m. Company Website: https://www.publicstorage.com
The potential market cap would be $60,624m based on the market consensus.
Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. At September 30, 2020, we had: (i) interests in 2,504 self-storage facilities located in 38 states with approximately 171 million net rentable square feet in the United States, (ii) an approximate 35% common equity interest in Shurgard Self Storage SA (Euronext Brussels:SHUR) which owned 239 self-storage facilities located in seven Western European nations with approximately 13 million net rentable square feet operated under the Shurgard brand and (iii) an approximate 42% common equity interest in PS Business Parks, Inc. (NYSE:PSB) which owned and operated approximately 28 million rentable square feet of commercial space at September 30, 2020. Our headquarters are located in Glendale, California.
The company has a dividend yield of 3.86% with the ex dividend date set at 14-3-2023 (DMY).
Other points of data to note are a P/E ratio of 13.23, revenue per share of 24.19 and a 7.84% return on assets.
