BMO Capital analyst Juan Sanabria downgraded Public Storage (PSA) to Market Perform from Outperform with a $325 price target The firm remains positive on Public Storage’s long-term fundamentals but says the shares have outperformed over the past year. With Los Angeles rent restriction pressures on sales growth expected to increase throughout 2025 and uncertainty about the timing of the rolling-off of restrictions ahead of fire season, BMO is taking a more balanced view on Public Storage shares, the analyst tells investors in a research note.
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Read More on PSA:
- Public Storage price target lowered to $324 from $328 at JPMorgan
- Public Storage Expands Portfolio Amid Rent Decline
- Public Storage price target raised to $309 from $287 at Mizuho
- Public Storage price target lowered to $351 from $354 at Barclays
- Public Storage price target raised to $380 from $368 at BofA
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