Public Storage with ticker code (PSA) have now 11 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 482 and 298 and has a mean target at 373. Given that the stocks previous close was at 314.79 this would imply there is a potential upside of 18.5%. The 50 day moving average now sits at 323.19 while the 200 day moving average is 345.19. The company has a market cap of $55,591m. You can visit the company’s website by visiting: https://www.publicstorage.com
The potential market cap would be $65,871m 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.
