Public Storage (NYSE:PSA) Price Target Raised to $321.00

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Scotiabank raised its price target for Public Storage (NYSE:PSA) to $321.00, maintaining a “sector outperform” rating and suggesting a 19.15% upside. While the consensus analyst rating is “Hold” with an average target of $307.12, institutional investors have shown significant interest, with Norges Bank acquiring a $1.16 billion position and other major firms increasing their stakes, bringing institutional ownership to nearly 79%. The company, a real estate investment trust specializing in self-storage, has a market capitalization of $47.28 billion.

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