In a report released today, Ross L Smotrich from Barclays maintained a Hold rating on Public Storage (NYSE: PSA), with a price target of $212. The company’s shares opened today at $226.14, close to its 52-week high of $234.90.
According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 8.3% and a 67.6% success rate. Smotrich covers the Financial sector, focusing on stocks such as Safety Income & Growth Inc, Jones Lang Lasalle Inc, and Essex Property Trust.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Public Storage with a $214 average price target.
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Based on Public Storage’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $342 million. In comparison, last year the company had a net profit of $353 million.
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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.
