Evercore ISI analyst Steve Sakwa reiterated a Hold rating on Public Storage (NYSE:PSA) on Friday, setting a price target of $345, which is approximately 5.72% above the present share price of $326.33.
Sakwa expects Public Storage to post earnings per share (EPS) of $1.98 for the fourth quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Moderate Buy rating of shares in Public Storage, with an average price target of $335.
The analysts price targets range from a high of $350 to a low of $321.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $829.32 million and a net profit of $410.26 million. The company's market cap is $57.18 billion.
According to TipRanks.com, Evercore ISI analyst Steve Sakwa is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 3.4% and a 62.91% success rate.
Public Storage engages in self-storage services in the United States. The company acquires, develops, owns and operates self-storage facilities, which it provides on a monthly rental basis for business and personal use. It has interest in over 2,500 self-storage facilities located across 38 states.