J.P. Morgan Sticks to Their Buy Rating for Public Storage (PSA)
In a report released on November 19, Michael Mueller from J.P. Morgan maintained a Buy rating on Public Storage, with a price target of $316.00. The company’s shares closed yesterday at $266.16.
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Mueller covers the Real Estate sector, focusing on stocks such as Americold Realty, Lineage, Inc., and SmartStop Self Storage REIT, Inc.. According to TipRanks, Mueller has an average return of -1.5% and a 48.54% success rate on recommended stocks.
In addition to J.P. Morgan, Public Storage also received a Buy from Barclays’s Brendan Lynch in a report issued on November 11. However, on November 18, UBS maintained a Hold rating on Public Storage (NYSE: PSA).
Based on Public Storage’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.22 billion and a net profit of $511.06 million. In comparison, last year the company earned a revenue of $1.19 billion and had a net profit of $430.33 million
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