BMO Capital Now Covering Public Storage (NYSE:PSA) With $193.0 Target

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17 September, 2017

BMO Capital Markets began coverage on shares of Public Storage (NYSE:PSA) in a research note released on Monday morning, Marketbeat Ratings reports. Raymond James upgraded Public Storage (NYSE:PSA) on Friday, September 4 to "Outperform" rating.

Want to see what other hedge funds are holding PSA?

04/18/2017 - Public Storage had its "equal-weight" rating reiterated by analysts at Barclays. Moreover, the company's acquisition and expansion efforts look encouraging. Recently, Public Storage disclosed the opening of its 116th facility in Houston. Argus reduced their price objective on Public Storage from $260.00 to $250.00 and set a buy rating on the stock in a research note on Tuesday, August 1st.

Public Storage had its "underperform" rating reiterated by analysts at Evercore ISI. The stock of Public Storage (NYSE:PSA) has "Sector Perform" rating given on Monday, November 9 by RBC Capital Markets. Finally, Bank of America Corporation dropped their price objective on shares of Public Storage from $222.00 to $218.00 and set a neutral rating for the company in a report on Thursday, July 20th. $79's average target is -1.45% below currents $80.16 stock price.

Public Storage (PSA) opened at 212.51 on Monday. The fund owned 11,910 shares of the real estate investment trust's stock after selling 9,473 shares during the quarter. Advantus Capital Management Inc who had been investing in Public Storage for a number of months, seems to be less bullish one the $36.32 billion market cap company. Public Storage has a 52-week low of 192.15 and a 52-week high of 232.21. The company's 50-day moving average price is $204.54 and its 200-day moving average price is $212.77. Public Storage had a net margin of 53.35% and a return on equity of 27.80%. The company had revenue of $624.20 million for the quarter, compared to the consensus estimate of $626.27 million. They expect $2.61 EPS, up 3.98 % or $0.10 from last year's $2.51 per share.

Advantus Capital Management Inc decreased its stake in Public Storage (PSA) by 23.62% based on its latest 2016Q4 regulatory filing with the SEC. On average, analysts predict that Public Storage will post $7.22 EPS for the current year. If you are accessing this article on another website, it was stolen and reposted in violation of worldwide copyright & trademark legislation. The original version of this piece can be accessed at https://www.truebluetribune.com/2017/09/16/public-storage-psa-upgraded-to-hold-at-zacks-investment-research.html. Shareholders of record on Wednesday, September 13th will be given a $2.00 dividend. The ex-dividend date is Monday, March 13th.

Tracking other technical indicators, the 14-day RSI is presently standing at 37.54, the 7-day sits at 32.53, and the 3-day is resting at 22.70 for Iou Financial Inc (IOU.V). Public Storage's payout ratio is 122.70%. Israel Discount Bank of NY acquired a new position in shares of Public Storage during the first quarter worth about $100,000. The shares were purchased at an average price of $200.59 per share, with a total value of $401,180.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. The stock increased 0.75% or $1.59 on September 15, reaching $214.15. Finally, Cetera Investment Advisers acquired a new position in Public Storage during the 2nd quarter worth approximately $646,000. The Firm acquires, owns and manages self-storage properties. CENTRAL TRUST Co now owns 578 shares of the real estate investment trust's stock worth $121,000 after purchasing an additional 169 shares during the last quarter. Toronto Dominion Bank grew its holdings in Public Storage by 25.9% during the 2nd quarter. Alpha Windward LLC now owns 844 shares of the real estate investment trust's stock valued at $188,000 after buying an additional 6 shares in the last quarter. Capital World Investors increased its stake in Public Storage by 93.3% in the second quarter. CENTRAL TRUST Co increased its stake in Public Storage by 41.3% in the 2nd quarter. Guardian Life Insurance Co. of America now owns 576 shares of the real estate investment trust's stock worth $126,000 after purchasing an additional 5 shares during the last quarter. Active investors may choose to use this technical indicator as a stock evaluation tool.

The institutional investor held 4.74M shares of the real estate investment trusts company at the end of 2016Q4, valued at $1.06B, down from 5.15M at the end of the previous reported quarter.


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