UPDATE: Cantor Fitzgerald Initiates Sell, $133.50 PT on Public Storage - Public Storage (NYSE:PSA)

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.

Cantor Fitzgerald initiates coverage on Public Storage (NYSE: PSA) with a Sell rating and a price target of $133.50 a share on performance that has been lagging smaller peers recently. Cantor Fitzgerald comments, "Public Storage is the industry behemoth, with a ironclad balance sheet and ample liquidity. The stock trades with premiums to net asset value (NAV) given insulation from capital markets and defensive cash flows. Although well positioned for above-average growth longer-term, recent core performance has only slightly topped smaller peers. Given current pricing, we believe the stock to be fully valued. Our broad REIT call underwrites burn-off of the "safety & liquidity premium" across 2012; as such, PSA could underperform peers."PSA closed at $139.25 a share yesterday.

Crypto Whales Are Loading Up — Are You?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!