# Public Storage  Share Price Target ‘$309.80’, now 7.0% Upside Potential

- Link: https://www.directorstalkinterviews.com/public-storage-share-price-target-309.80-now-7.0-upside-potential/4121162636
- Published: 2024-06-27T13:31:23+01:00
- Author: Charlotte Edwards

**Public Storage** with ticker code (PSA) have now 15 confirmed analysts covering
the stock with the consensus suggesting 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 $309.80. (at the time of writing). Now with 
the previous closing price of $289.57 and the analysts are correct then there would
likely be a percentage uptick in value of 7.0%. It’s also worth noting that there
is a 50 day moving average of $274.30 and the 200 moving average now moves to $275.15.
The market cap for the company is 50.63B. The current share price for the company
is: $288.12 USD

 The potential market cap would be $54,166,997,268 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 26.17, 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.

Share on: