Barclays analyst Brendan Lynch maintains $Public Storage (PSA.US)$ with a buy rating, and adjusts the target price from $381 to $380.
According to TipRanks data, the analyst has a success rate of 46.9% and a total average return of -2.9% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Public Storage (PSA.US)$'s main analysts recently are as follows:
Third-quarter outcomes for self-storage REITs align with the perspective that an uptick in demand for self-storage in the imminent future is not anticipated.
The firm's outlook on Public Storage remains positive, with an anticipation of increased housing transitions after a period of softness, which is expected to drive housing-related demand through 2025. This perspective is somewhat moderated by the persistence of high mortgage rates.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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