Truist lowered the firm’s price target on Public Storage to $306 from $315 and keeps a Buy rating on the shares as part of a broader research note on Self Storage REITs. The firm is updating its estimates in the space to reflect the companies’ Q1 results, recent events, and its adjusted revenue growth and expense assumptions.
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Read More on PSA:
- Public Storage sees FY24 core FFO $16.60-$17.20, consensus $16.92
- Public Storage reports Q1 core FFO $4.03, consensus $4.07
- PSA Upcoming Earnings Report: What to Expect?
- Wells Fargo upgrades Public Storage, names top idea in storage
- Public Storage upgraded to Overweight from Equal Weight at Wells Fargo
