Public Storage with ticker code (PSA) now have 14 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 433 and 333 and has a mean target at 380.71. With the stocks previous close at 352.42 this now indicates there is a potential upside of 8.0%. The 50 day MA is 349.95 and the 200 moving average now moves to 314.53. The market capitalisation for the company is $61,962m. You can visit the company’s website by visiting: https://www.publicstorage.com
The potential market cap would be $66,936m 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 ÂShurgard 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.
