Public Storage – Consensus Indicates Potential 20.5% Upside

Broker Ratings
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Public Storage which can be found using ticker (PSA) have now 10 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The range between the high target price and low target price is between 367 and 282 and has a mean target at $340.00. Now with the previous closing price of $282.24 this would indicate that there is a potential upside of 20.5%. The 50 day MA is $296.38 and the 200 moving average now moves to $304.38. The total market capitalization for the company now stands at $50,522m. Find out more information at: https://www.publicstorage.com

The potential market cap would be $60,862m 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 (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 4.25% with the ex dividend date set at 14-3-2023 (DMY).

Other points of data to note are a P/E ratio of 12.01, revenue per share of 24.19 and a 7.84% return on assets.

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