Truist analyst Ki Bin Kim lowered the firm’s price target on Public Storage to $305 from $320 and keeps a Buy rating on the shares. The analyst updated models in the real estate investment trust space to reflect the Q2 results, recent events, and adjusted revenue growth and expense assumptions.
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Read More on PSA:
- Public Storage files automatic mixed securities shelf
- Public Storage sees FY23 core FFO $16.40-$16.80, consensus $16.78
- Public Storage reports Q2 core FFO $4.28, consensus $4.20
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- Public Storage Snaps Up Simply Self Storage for $2.2B