Public Storage – Consensus Indicates Potential 18.6% Upside

Broker Ratings

Public Storage with ticker code (PSA) now have 10 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 367 and 282 calculating the average target price we see $340.00. Given that the stocks previous close was at $286.59 and the analysts are correct then we can expect a percentage increase in value of 18.6%. The 50 day moving average now sits at $294.63 and the 200 day MA is $305.96. The company has a market cap of $50,695m. Visit the company website at:

The potential market cap would be $60,143m based on the market consensus.

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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 “Shurgard” brand and (iii) an approximate 42% common equity interest in PS Business Parks, Inc. (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.

The company has a dividend yield of 4.06% with the ex dividend date set at 14-3-2023 (DMY).

Other points of data to note are a P/E ratio of 12.5, revenue per share of 24.19 and a 7.84% return on assets.

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