At the time of writing, Public Storage. [PSA] stock is trading at $353.00, down -0.65%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PSA shares have lost -0.98% over the last week, with a monthly amount glided 2.63%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Public Storage. [NYSE: PSA] stock has seen the most recent analyst activity on September 10, 2024, when RBC Capital Mkts initiated its Sector Perform rating and assigned the stock a price target of $358. Previously, BofA Securities downgraded its rating to Neutral on August 05, 2024, and kept the price target unchanged to $318. On August 01, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $306 on the stock. Wells Fargo upgraded its rating to a Overweight and increased its price target to $310 on April 05, 2024. Raymond James upgraded its rating to a Strong Buy but $330 remained the price target by the analyst firm on March 28, 2024. Barclays started tracking with a Overweight rating for this stock on March 27, 2024, and assigned it a price target of $330. In a note dated February 13, 2024, Scotiabank initiated an Sector Perform rating and provided a target price of $267 on this stock.
For the past year, the stock price of Public Storage. fluctuated between $233.18 and $369.99. Currently, Wall Street analysts expect the stock to reach $336.91 within the next 12 months. Public Storage. [NYSE: PSA] shares were valued at $353.00 at the most recent close of the market. An investor can expect a potential drop of -4.56% based on the average PSA price forecast.
Analyzing the PSA fundamentals
According to Public Storage. [NYSE:PSA], the company’s sales were 4.63B for trailing twelve months, which represents an 4.77% jump. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at 0.59%, Pretax Profit Margin comes in at 0.45%, and Net Profit Margin reading is 0.45%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.21 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.97.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 350.45 points at the first support level, and at 347.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 355.86, and for the 2nd resistance point, it is at 358.71.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 13.33, the price to book ratio is 11.53 and price to earnings (TTM) ratio is 33.05.
Transactions by insiders
Recent insider trading involved Vitan Nathaniel A., Chief Legal Officer, that happened on Aug 23 ’24 when 400.0 shares were sold. Officer, Vitan Nathaniel A. completed a deal on Aug 23 ’24 to buy 400.0 shares. Meanwhile, Chief Legal Officer Vitan Nathaniel A. sold 400.0 shares on Jun 10 ’24.
