J.P. Morgan analyst Michael Mueller maintained a Hold rating on Public Storage (NYSE:PSA) on Monday, setting a price target of $359, which is approximately 7.15% above the present share price of $335.05.
Mueller expects Public Storage to post earnings per share (EPS) of $2.53 for the fourth quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Hold rating of shares in Public Storage, with an average price target of $347.38.
The analysts price targets range from a high of $362 to a low of $322.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $894.93 million and a net profit of $437.96 million. The company's market cap is $58.75 billion.
According to TipRanks.com, J.P. Morgan analyst Michael Mueller is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 1.7% and a 60.32% 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.