Public Storage (NYSE:PSA) has been given a $220.00 price objective by B. Riley in a research report issued on Wednesday. The firm presently has a “hold” rating on the real estate investment trust’s stock. B. Riley’s price target suggests a potential upside of 3.33% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Argus lowered their target price on shares of Public Storage from $260.00 to $250.00 and set a “buy” rating on the stock in a report on Tuesday, August 1st. Barclays PLC lowered their target price on shares of Public Storage from $216.00 to $209.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 18th. Zacks Investment Research raised shares of Public Storage from a “sell” rating to a “hold” rating in a report on Friday, September 15th. FBR & Co set a $220.00 target price on shares of Public Storage and gave the company a “hold” rating in a report on Thursday, October 26th. Finally, Jefferies Group LLC set a $210.00 target price on shares of Public Storage and gave the company a “hold” rating in a report on Thursday, August 17th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $213.08.

Shares of Public Storage (NYSE PSA) traded down $0.33 during mid-day trading on Wednesday, reaching $212.92. 640,800 shares of the company’s stock were exchanged, compared to its average volume of 854,197. Public Storage has a 1-year low of $192.15 and a 1-year high of $232.21. The company has a market cap of $37,114.24, a PE ratio of 21.52, a price-to-earnings-growth ratio of 4.45 and a beta of 0.43.

TRADEMARK VIOLATION NOTICE: This piece was first posted by Daily Political and is owned by of Daily Political. If you are reading this piece on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/11/15/b-riley-analysts-give-public-storage-psa-a-220-00-price-target.html.

Several institutional investors have recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC increased its holdings in shares of Public Storage by 0.9% in the third quarter. Piedmont Investment Advisors LLC now owns 32,570 shares of the real estate investment trust’s stock worth $6,970,000 after purchasing an additional 294 shares during the period. California Public Employees Retirement System increased its stake in Public Storage by 4.0% in the third quarter. California Public Employees Retirement System now owns 363,560 shares of the real estate investment trust’s stock valued at $77,798,000 after acquiring an additional 14,059 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Public Storage by 8.4% in the third quarter. Janney Montgomery Scott LLC now owns 15,551 shares of the real estate investment trust’s stock valued at $3,328,000 after acquiring an additional 1,202 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in Public Storage by 37.7% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 29,809 shares of the real estate investment trust’s stock valued at $6,368,000 after acquiring an additional 8,158 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. increased its stake in Public Storage by 112.6% in the third quarter. Laurel Wealth Advisors Inc. now owns 6,081 shares of the real estate investment trust’s stock valued at $1,301,000 after acquiring an additional 3,221 shares during the last quarter. 80.18% of the stock is currently owned by hedge funds and other institutional investors.

About Public Storage

Public Storage is a real estate investment trust (REIT). 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.

Analyst Recommendations for Public Storage (NYSE:PSA)

Receive News & Ratings for Public Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Public Storage and related companies with MarketBeat.com's FREE daily email newsletter.