Public Storage found using ticker (PSA) now have 12 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 482 and 298 with the average target price sitting at 388. Given that the stocks previous close was at 332.92 this indicates there is a potential upside of 16.5%. There is a 50 day moving average of 364.33 and the 200 day MA is 346.4. The company has a market capitalisation of $58,212m. You can visit the company’s website by visiting: https://www.publicstorage.com
The potential market cap would be $67,843m based on the market concensus.
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 (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.
