Public Storage (NYSE:PSA) Sees Coverage Initiated By BMO Capital with a $193.0 Price

September 17, 2017 - By Adrian Erickson

 Public Storage (NYSE:PSA) Sees Coverage Initiated By BMO Capital with a $193.0 Price

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

Equity analysts at BMO Capital has started coverage on shares of Public Storage (NYSE:PSA) in a research note shared with investors and clients on 11 September. The company set “Sell” rating on the stock. BMO Capital’s PT of $193.0 suggests potential of -9.88 % from the stock’s last stock close 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 company was maintained on Tuesday, July 18 by Barclays Capital. The rating was downgraded by Goldman Sachs to “Neutral” on Monday, January 4. Bank of America maintained the shares of PSA in report on Thursday, July 20 with “Neutral” rating. Barclays Capital maintained the shares of PSA in report on Wednesday, November 11 with “Overweight” rating. The firm earned “Hold” rating on Monday, August 22 by Evercore. KeyBanc Capital Markets downgraded the stock to “Underweight” rating in Friday, July 15 report. As per Monday, April 25, the company rating was downgraded by Goldman Sachs. On Thursday, January 7 the stock rating was upgraded by Robert W. Baird to “Outperform”. The company was initiated on Thursday, July 23 by Robert W. Baird. Barclays Capital downgraded Public Storage (NYSE:PSA) rating on Tuesday, January 26. Barclays Capital has “Equal-Weight” rating and $218 target.

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 await Public Storage (NYSE:PSA) to report earnings on October, 25. They expect $2.61 EPS, up 3.98 % or $0.10 from last year’s $2.51 per share. PSA’s profit will be $454.11 million for 20.51 P/E if the $2.61 EPS becomes a reality. After $2.31 actual EPS reported by Public Storage for the previous quarter, Wall Street now forecasts 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: Businesswire.com which released: “Public Storage Provides Hurricane Irma Update” on September 12, 2017, also Nasdaq.com with their article: “Public Storage (PSA) Ex-Dividend Date Scheduled for September 12, 2017” published on September 11, 2017, Seekingalpha.com published: “Public Storage offering $1B in senior debt” on September 13, 2017. More interesting news about Public Storage (NYSE:PSA) were released by: Businesswire.com and their article: “Public Storage Provides Hurricane Irma and Harvey Updates” published on September 10, 2017 as well as Seekingalpha.com‘s news article titled: “Public Storage Inc: End Of Personal Storage Boom?” 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.