Public Storage with ticker code (PSA) have now 12 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 482 and 298 with the average target price sitting at 380.58. Given that the stocks previous close was at 287.49 this would indicate that there is a potential upside of 32.4%. The 50 day MA is 328.61 while the 200 day moving average is 345.93. The company has a market cap of $51,543m. Visit the company website at: https://www.publicstorage.com
The potential market cap would be $68,233m 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.
