Public Storage with ticker code (PSA) now have 12 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 482 and 298 calculating the average target price we see 386. Given that the stocks previous close was at 300.79 this is indicating there is a potential upside of 28.3%. There is a 50 day moving average of 347.84 while the 200 day moving average is 345.78. The company has a market cap of $52,548m. Company Website: https://www.publicstorage.com
The potential market cap would be $67,434m 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.
