Public Storage

In a report published Tuesday, BMO Capital Markets analyst Paul Adornato upgraded shares of Public Storage (NYSE: PSA) to Market Perform from Underperform with a price target raised to $192 from a previous $140. Adornato noted that Public Storage's recent first quarter results with same-store NOI...

Bank of America upgraded its rating on Public Storage (NYSE: PSA) from Neutral to Buy. At the moment, Bank of America has a price target of $117 placed on the company's stock. On Thursday, Public Storage closed the day at $108.77. Its shares added 0.86% to their value in today's pre-market trading...

Bank of America has upgraded Public Storage (NYSE: PSA) from Neutral to buy and has raised the price objective from $115 to $117.

KBW is out with its report today on Public Storage (NYSE: PSA), raising its PT to $110. In a note to clients, KBW writes, "Increasing 2011E FFO to $5.65 from $5.45 to reflect incremental earnings from Shurgard Europe, improving domestic trends, and accelerating acquisition activity. Revising 2012E...

In a report published by J.P. Morgan, Public Storage (NYSE: PSA) saw good accretion. J.P. Morgan said that, after Wednesday's close, Public Storage announced that Shurgard Europe (of which it owns 49%) bought its partner's 80% interest in two development joint ventures. “The ventures own 72 assets...

JP Morgan has changed the price targets on the following REITs: Acadia Realty Trust (NYSE: AKR) 18.09 Neutral $17.00 to $18.00 AMB Property Corporation (NYSE: AMB) $32.46 Neutral $30.00 to $26.00 Boston Properties (NYSE: BXP) $86.46 Overweight $110.00 to $91.00 CB Richard Ellis Group, Inc. (NYSE:...

Jefferies & Company has initiated coverage on Public Storage (NYSE: PSA) with a Hold rating.

Credit Suisse is downgrading Public Storage (NYSE: PSA) to Neutral from Outperform “as we believe REITs with greater financial and operating leverage could make up ground on the defensive stock.” Public Storage closed Friday at $100.40.

Keefe, Bruyette & Woods is increasing their 2010 and 2011 FFO operating forecasts on Public Storage (NYSE: PSA) following improving trends. KBW increased its 2010 FFO forecast from $4.42 to $4.80 and its 2011 FFO forecast from $5.41 to $5.45. PSA closed Thursday at $96.18.

Public Storage (NYSE: PSA) shares were climbing in morning trading after receiving a ratings upgrade from Robert W. Baird from Neutral to Outperform. Robert W. Baird also raised it price target for Public Storage from $83 to $92. Its the third time that shares of Public Storage have received an...