Public Storage (PSA) has shown considerable resilience despite the challenging landscape. Brokerages have set a target price of $337.64, exceeding JPMorgan's earlier target of $324. Recently, the company issued $875 million in senior notes to fuel their strategic growth and stability. Several investment firms including the Teacher Retirement System of Texas and Bessemer Group Inc have adjusted their stakes in PSA, suggesting mixed sentiment among investors. New investors in PSA include Aaron Wealth Advisors LLC and IFM Investors Pty Ltd. Notably, Public Storage's strategic debt moves are aimed at creating a fortress balance sheet which will fuel future growth. While the stock underperformed in the real estate sector in the last earnings report, BNP Paribas upgraded PSA's stock rating. Some analysts believe Public Storage might actually be the best real estate stock to buy. Additionally, PSA plans to tap into underutilized rooftop space with solar and has set its sights on the Australian market with a premium takeover bid. However, Wall Street's sentiments vary and some recommend retaining PSA in portfolios at present.
Public Storage PSA News Analytics from Mon, 02 Dec 2024 08:00:00 GMT to Sat, 05 Jul 2025 09:26:15 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor -2
