Truist Securities has decided to maintain its Buy rating of Public Storage (NYSE:PSA) and raise its price target from $285.00 to $315.00.

Shares of Public Storage are trading up 0.16% over the last 24 hours, at $305.78 per share.

A move to $315.00 would account for a 3.02% increase from the current share price.

About Public Storage

Public Storage is the largest owner of self-storage facilities in the U.S. with more than 2,880 self-storage facilities in 40 states and approximately 200 million square feet of rentable space. Through equity interests, it also has exposure to the European self-storage market through Shurgard Self Storage. The company also has a merchandise business, a third-party property management business, and an insurance business that offers products to cover losses for the goods in self-storage facilities.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.