Public Storage with ticker code (PSA) have now 15 market analysts covering the stock. The analyst consensus now points to a rating of ‘buy’. The range between the high target price and low target price is between $348.00 and $250.00 calculating the mean target share price we have $310.33. (at the time of writing). Given that the stocks previous close was at $278.97 this would imply there is now a potential upside of 11.2%. It’s also worth noting that there is a 50 day moving average of $273.67 and the 200 moving average now moves to $274.55. The company has a market cap of 48.70B. The current share price for the company is: $277.14 USD
The potential market cap would be $54,175,014,914 based on the market consensus.
The company is not paying dividends at this time.
Other points of data to note are a P/E ratio of 25.19, revenue per share of $26.26 and a 7.72% return on assets.
Public Storage is a real estate investment trust (REIT). The Company’s principal business activities include the ownership and operation of self-storage facilities and other related operations, including tenant reinsurance and third-party self-storage management. The Company’s segments include Self-Storage Operations and Ancillary Operations. The Self-Storage Operations segment includes the aggregated rental operations from the self-storage facilities it owns from same store facilities, acquired facilities, developed, and expanded facilities, and other non-same store facilities. The Ancillary Operations segment includes the combined operations of its tenant reinsurance, merchandise sales, and third-party property management operating segments. It holds interests in and consolidated approximately 2,869 self-storage facilities (an aggregate of about 204 million net rentable square feet of space). Its subsidiaries include PS LPT Properties Investors and PS California Holdings, Inc.
