Public Storage traded at $292.47 this Friday May 15th, decreasing $10.56 or 3.48 percent since the previous trading session. Looking back, over the last four weeks, Public Storage lost 3.07 percent. Over the last 12 months, its price fell by 5.40 percent. Looking ahead, we forecast Public Storage to be priced at 286.59 by the end of this quarter and at 269.65 in one year, according to Trading Economics global macro models projections and analysts expectations.
Public Storage is a real estate investment trust (REIT). The Company's principal business activities include the ownership and operation of self-storage facilities, which offer storage spaces for lease, generally on a month-to-month basis, for personal and business use, ancillary activities, such as merchandise sales and tenant reinsurance to the tenants at its self-storage facilities, as well as the acquisition and development of additional self-storage space. The Company's segments include Self-Storage Operations, Ancillary Operations, Investment in PS Business Parks, Inc. (PSB) and Investment in Shurgard.