In a report released yesterday, Michael Mueller from J.P. Morgan maintained a Buy rating on Public Storage (PSA – Research Report), with a price target of $371.00. The company’s shares closed last Thursday at $314.79.
According to TipRanks.com, Mueller is a 3-star analyst with an average return of 0.9% and a 57.0% success rate. Mueller covers the Financial sector, focusing on stocks such as Rexford Industrial Realty, First Industrial Realty, and Healthpeak Properties.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Public Storage with a $361.40 average price target, representing a 13.8% upside. In a report issued on June 30, Jefferies also maintained a Buy rating on the stock with a $369.00 price target.
The company has a one-year high of $421.76 and a one-year low of $292.32. Currently, Public Storage has an average volume of 750K.
Based on the recent corporate insider activity of 74 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.
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 engages in self-storage services in the United States. The company acquires, develops, owns and operates self-storage facilities, which it provides on a monthly rental basis for business and personal use. It has interest in over 2,500 self-storage facilities located across 38 states.
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