Public Storage Upgraded at Keefe, Bruyette & Woods (PSA)

Created by Dividend.com

Self-storage REIT Public Storage (PSA) was upgraded on Thursday by analysts at Keefe, Bruyette & Woods.

The analyst boosted its rating on PSA to “Market Perform” from “Underperform,” and set a $75 price target on the stock. PSA shares had closed at $75.24 on Wednesday.

Public Storage shares fell 65 cents, or -0.8%, in morning trading Thursday.

The Bottom Line
We started recommending shares of PSA back on Sept.16, when the stock was trading at $74.58. The company has a dividend yield of 2.92%, based on last night’s closing stock price of $75.24.

Public Storage (PSA) is a “recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.