Public Storage (PSA) Gets a Buy from Truist Financial
In a report released today, Michael Lewis from Truist Financial maintained a Buy rating on Public Storage, with a price target of $315.00.
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Lewis covers the Real Estate sector, focusing on stocks such as Equity Residential, Highwoods Properties, and Brandywine Realty. According to TipRanks, Lewis has an average return of 8.6% and a 58.73% success rate on recommended stocks.
In addition to Truist Financial, Public Storage also received a Buy from J.P. Morgan’s Michael Mueller in a report issued on November 19. 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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