Barclays Sticks to Their Buy Rating for Public Storage (PSA)
Barclays analyst Brendan Lynch maintained a Buy rating on Public Storage today and set a price target of $347.00.
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According to TipRanks, Lynch is an analyst with an average return of -2.1% and a 44.71% success rate. Lynch covers the Real Estate sector, focusing on stocks such as Cousins Properties, SL Green Realty, and Iron Mountain.
In addition to Barclays, Public Storage also received a Buy from Scotiabank’s Nicholas Yulico in a report issued on March 2. However, on February 23, Bank of America Securities reiterated a Hold rating on Public Storage (NYSE: PSA).
Based on Public Storage’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.22 billion and a net profit of $507.08 million. In comparison, last year the company earned a revenue of $1.18 billion and had a net profit of $614.61 million
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