Today Morgan Stanley Maintains a “Underweight” Rating on Public Storage (NYSE:PSA) and a $193 Target Price

June 14, 2018 - By Louis Casey

Public Storage (NYSE:PSA) Logo

Public Storage (NYSE:PSA) Rating Reaffirmed

Morgan Stanley now has a $193 target price per share on the $37.45 billion market cap company or -10.09 % downside potential. In a note published on Thursday, 14 June, Public Storage (NYSE:PSA) shares have had their “Underweight” Rating kept by expert analysts at Morgan Stanley.

Public Storage (NYSE:PSA) Ratings Coverage

Among 9 analysts covering Public Storage (NYSE:PSA), 0 have Buy rating, 3 Sell and 6 Hold. Therefore 0 are positive. Public Storage has $210.0 highest and $179 lowest target. $193.43’s average target is -9.89% below currents $214.65 stock price. Public Storage had 10 analyst reports since January 9, 2018 according to SRatingsIntel. Robert W. Baird maintained the stock with “Sell” rating in Thursday, March 8 report. The company was maintained on Thursday, March 1 by Citigroup. Jefferies maintained the stock with “Hold” rating in Monday, March 5 report. On Thursday, March 15 the stock rating was maintained by KeyBanc Capital Markets with “Underweight”. The firm has “Sell” rating given on Tuesday, January 9 by BMO Capital Markets. The rating was maintained by Wells Fargo on Thursday, March 15 with “Hold”. The company was maintained on Wednesday, February 21 by FBR Capital. The rating was upgraded by Evercore to “In-Line” on Monday, March 5. The stock has “Hold” rating by Jefferies on Wednesday, April 25. The firm earned “Neutral” rating on Tuesday, February 27 by Bank of America.

The stock increased 1.10% or $2.33 during the last trading session, reaching $214.65. About 281,548 shares traded. Public Storage (NYSE:PSA) has declined 3.96% since June 14, 2017 and is downtrending. It has underperformed by 16.53% the S&P500.

Analysts await Public Storage (NYSE:PSA) to report earnings on July, 25. They expect $2.60 earnings per share, up 12.55 % or $0.29 from last year’s $2.31 per share. PSA’s profit will be $453.61M for 20.64 P/E if the $2.60 EPS becomes a reality. After $2.48 actual earnings per share reported by Public Storage for the previous quarter, Wall Street now forecasts 4.84 % EPS growth.

Public Storage is an equity real estate investment trust. The company has market cap of $37.45 billion. It invests in real estate markets of United States and Europe. It has a 31.9 P/E ratio. The firm acquires, develops, owns, and operates self-storage facilities which offer storage spaces for lease on a month-to-month basis, for personal and business use.

More notable recent Public Storage (NYSE:PSA) news were published by: Seekingalpha.com which released: “Hersha Hospitality Trust: An Unusual Divergence Creates A 7% Yield For Dividend Investors” on June 01, 2018, also Bizjournals.com with their article: “Dallas storage company debuts its disruptive model in Phoenix” published on June 11, 2018, Benzinga.com published: “10 Biggest Price Target Changes For Thursday” on June 14, 2018. More interesting news about Public Storage (NYSE:PSA) were released by: Businesswire.com and their article: “Public Storage’s Affiliate, Shurgard Self Storage Europe Sarl, is Considering an Initial Public Offering” published on May 30, 2018 as well as Seekingalpha.com‘s news article titled: “What To Do With The Public Storage’s Preferred Stocks” with publication date: June 14, 2018.

Public Storage (NYSE:PSA) Institutional Positions Chart

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.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: