Evercore ISI Reaffirms Their Hold Rating on Public Storage (PSA)
In a report released today, Steve Sakwa from Evercore ISI maintained a Hold rating on Public Storage, with a price target of $309.00.
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Sakwa covers the Real Estate sector, focusing on stocks such as Rexford Industrial Realty, Invitation Homes, and AvalonBay. According to TipRanks, Sakwa has an average return of 0.0% and a 48.87% success rate on recommended stocks.
In addition to Evercore ISI, Public Storage also received a Hold from UBS’s Michael Goldsmith in a report issued on November 18. However, on November 25, Truist Financial maintained a Buy 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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