Analyst Price Target is $368.91
▲ +22.10% Upside Potential
This price target is based on 10 analysts offering 12 month price targets for Public Storage in the last 3 months. The average price target is $368.91, with a high forecast of $440.00 and a low forecast of $290.00. The average price target represents a 22.10% upside from the last price of $302.14.
Current Consensus is
Buy
The current consensus among 10 contributing investment analysts is to buy stock in Public Storage. This rating has held steady since May 2022, when it changed from a Hold consensus rating.
Public Storage operates as a real estate investment trust, which engages in acquiring, developing, owning and operating self-storage facilities. It operates through the following segments: Self-storage Operations, Ancillary Operations, and Other Items. The Self-storage Operations segment reflects the rental operations from all self-storage facilities. The Ancillary Operations segment deals with the sale of merchandise and reinsurance of policies against losses to goods stored by self-storage tenants, activities which are incidental to the primary self-storage rental activities. The Other Items segment includes general, administrative, and investment costs. The company was founded by Bradley Wayne Hughes, Sr. and Kenneth Q. Volk, Jr. in 1972 and is headquartered in Glendale, CA.
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