Barclays analyst Ross L Smotrich maintained a Sell rating on Public Storage (PSA) yesterday and set a price target of $218. The company’s shares closed yesterday at $220.55.
According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 7.1% and a 67.5% success rate. Smotrich covers the Financial sector, focusing on stocks such as Essential Properties Realty Trust Inc, Apartment Investment & Management, and Kkr Real Estate Finance Trust Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Public Storage with a $215.40 average price target.
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Public Storage’s market cap is currently $38.4B and has a P/E ratio of 25.83. The company has a Price to Book ratio of 7.54.
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Public Storage is a Maryland real estate investment trust, which engages in acquiring, developing, owning, and operating self-storage facilities. It operates through following business segments: Self-storage Operations, Ancillary Operations, Investment in PS Business Parks, and Investment in Shurgard Europe.
