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Public Storage Surges to 499th in Trading Volume with $250 Million Turnover
Generated by AI AgentAinvest Market Brief
Monday, May 12, 2025 8:01 pm ET1min read
On May 12, 2025,
(PSA) saw a significant increase in trading volume, with a turnover of $250 million, marking a 78.94% rise from the previous day. This surge placed at the 499th position in terms of trading volume for the day. The stock price of Public Storage rose by 0.37%, marking the fourth consecutive day of gains, with a total increase of 2.42% over the past four days.Scotiabank recently adjusted its price target for Public Storage, raising it from $305 to $340 while maintaining an Outperform rating. This revision reflects a positive outlook on the company's performance and potential for growth.
Wells Fargo analyst Eric Luebchow maintained a Buy rating on Public Storage, setting a price target of $330. This rating underscores the firm's confidence in the company's future prospects and its ability to deliver value to shareholders.
Public Storage announced a first-quarter dividend of $3.00 per share, payable on June 27, 2025. This dividend declaration is part of the company's ongoing commitment to returning value to its shareholders through regular dividend payments.
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