BMO Capital Says That Public Storage (NYSE:PSA) Has $193.0 Stock Target

September 17, 2017 - By Marguerite Chambers

 BMO Capital Says That Public Storage (NYSE:PSA) Has $193.0 Stock Target

Why Has BMO Capital Given Public Storage (NYSE:PSA) a $193.0 Price Target

New York: Public Storage (NYSE:PSA) coverage was started with a key ‘Sell’ rating as well as a $193.0 target price per share at BMO Capital. The target by BMO Capital indicates downside of -9.88 % from the last price.

Public Storage (NYSE:PSA) Ratings Coverage

Among 16 analysts covering Public Storage (NYSE:PSA), 2 have Buy rating, 3 Sell and 11 Hold. Therefore 13% are positive. Public Storage has $275 highest and $193.0 lowest target. $222.04’s average target is 3.68% above currents $214.15 stock price. Public Storage had 51 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Zacks given on Wednesday, September 2. Robert W. Baird downgraded the stock to “Neutral” rating in Thursday, January 5 report. The company was maintained on Monday, November 9 by RBC Capital Markets. FBR Capital initiated it with “Market Perform” rating and $250 target in Thursday, June 23 report. The firm has “Neutral” rating by JP Morgan given on Thursday, December 17. The company was maintained on Tuesday, September 8 by Evercore. The rating was downgraded by Bank of America on Thursday, August 11 to “Neutral”. The rating was initiated by BB&T Capital on Wednesday, November 11 with “Underweight”. The company was maintained on Friday, July 14 by Jefferies. As per Monday, September 11, the company rating was initiated by BMO Capital Markets.

The stock increased 0.73% or $1.56 on September 15, reaching $214.15. About 1.03M shares traded or 27.21% up from the average. Public Storage (NYSE:PSA) has declined 14.14% since September 17, 2016 and is downtrending. It has underperformed by 30.84% the S&P500.

Analysts expect Public Storage (NYSE:PSA) to report $2.61 EPS on October, 25.They anticipate $0.10 EPS change or 3.98 % from last quarter’s $2.51 EPS. PSA’s profit would be $454.11 million giving it 20.51 P/E if the $2.61 EPS is correct. After having $2.31 EPS previously, Public Storage’s analysts see 12.99 % EPS growth.

Public Storage is a real estate investment trust . The company has market cap of $37.26 billion. The Company’s principal business activities include the ownership and operation of self-storage facilities, which offer storage spaces for lease, generally on a month-to-month basis, for personal and business use, ancillary activities, such as merchandise sales and tenant reinsurance to the tenants at its self-storage facilities, as well as the acquisition and development of additional self-storage space. It has a 30.54 P/E ratio. The Company’s divisions include Self-Storage Operations, Ancillary Operations, Investment in PS Business Parks, Inc. (PSB) and Investment in Shurgard Europe.

More notable recent Public Storage (NYSE:PSA) news were published by: Seekingalpha.com which released: “Public Storage Inc: End Of Personal Storage Boom?” on August 30, 2017, also Businesswire.com with their article: “Public Storage Prices Inaugural Public Offering of Senior Notes” published on September 13, 2017, Businesswire.com published: “Public Storage Provides Further Hurricane Irma Update” on September 16, 2017. More interesting news about Public Storage (NYSE:PSA) were released by: Businesswire.com and their article: “Public Storage Provides Hurricane Irma Update” published on September 12, 2017 as well as Nasdaq.com‘s news article titled: “Public Storage (PSA) Down 2.2% Since Earnings Report: Can It Rebound?” with publication date: August 30, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.