Is BMO Capital Positive On Shares of Public Storage (NYSE:PSA)?

September 17, 2017 - By Louis Casey

 Is BMO Capital Positive On Shares of Public Storage (NYSE:PSA)?

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

BMO Capital has initiated its coverage for Public Storage (NYSE:PSA), this morning Monday, 11 September. Investment firm found the stock of PSA quite attractive and now has a PT of $193.0 with a key “Sell” rating.

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 firm earned “Buy” rating on Tuesday, August 1 by Argus Research. On Monday, July 24 the stock rating was maintained by Jefferies with “Hold”. BB&T Capital initiated it with “Underweight” rating and $217.50 target in Wednesday, November 11 report. The firm earned “Neutral” rating on Thursday, July 23 by Robert W. Baird. The stock of Public Storage (NYSE:PSA) has “Neutral” rating given on Thursday, July 20 by Bank of America. The stock of Public Storage (NYSE:PSA) earned “Buy” rating by Argus Research on Wednesday, September 9. The firm has “Buy” rating by Argus Research given on Wednesday, January 27. The rating was downgraded by Zacks on Monday, August 24 to “Buy”. Raymond James upgraded Public Storage (NYSE:PSA) on Friday, September 4 to “Outperform” rating. The company was maintained on Tuesday, September 8 by Evercore.

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.

Investors wait Public Storage (NYSE:PSA) to report on October, 25. its quarterly earnings Wall Street analysts expect $2.61 earnings per share, up $0.10 or 3.98 % from last year’s $2.51 same quarter earnings. This translates into $454.11 million profit for PSA giving the stock a 20.51 P/E. This is assuming the current $2.61 EPS is accurate. Public Storage’s Wall Street analysts see 12.99 % EPS growth, taking into account the $2.31 EPS reproted in the previous quarter,

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: Chicagotribune.com which released: “3-story self-storage facility proposed in southwest Naperville” on September 13, 2017, also Businesswire.com with their article: “Public Storage Prices Inaugural Public Offering of Senior Notes” published on September 13, 2017, Nasdaq.com published: “Public Storage (PSA) Ex-Dividend Date Scheduled for September 12, 2017” on September 11, 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 Businesswire.com‘s news article titled: “Public Storage Provides Hurricane Irma Update” with publication date: September 12, 2017.

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