In a report released yesterday, Jeremy Metz from BMO Capital maintained a Sell rating on Public Storage (PSA), with a price target of $205.00. The company’s shares closed last Monday at $220.88.
According to TipRanks.com, Metz is a 2-star analyst with an average return of 0.8% and a 50.5% success rate. Metz covers the Financial sector, focusing on stocks such as Retail Opportunity Investments, Extra Space Storage, and Brixmor Property.
Public Storage has an analyst consensus of Hold, with a price target consensus of $226.00.
See today’s analyst top recommended stocks >>
The company has a one-year high of $266.76 and a one-year low of $202.68. Currently, Public Storage has an average volume of 917.1K.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PSA in relation to earlier this year. Most recently, in December 2019, Tamara Hughes Gustavson, a Director at PSA bought 5,000 shares for a total of $471,250.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.