Envestnet Portfolio Solutions and Jump Financial LLC have reduced their stakes and purchased new ones respectively in Public Storage (PSA). Director Kristy Pipes has acquired an additional 2,149 shares. Other notable acquisitions include a $1.3 million stake by Jump Financial and new stakes by AGF Management Ltd., Principal Securities Inc., Heartland Advisors Inc., and International Assets Investment Management LLC. Barring negative observations such as Q2 FFO missing estimates and falling stock performance on certain days, PSA has notched up impressive achievements including price target forecasts, bullish stock outperformance, dividends, and a $2.2B Simply Self Storage acquisition. Analyst recommendations suggest PSA is a reliable grad on long-term dividends, but warns of potential glut by 2024. PSA's Q1 and Q4 earnings have surpassed estimates, with others aligning with EPS projections. Nevertheless, there is an undercurrent of concern about PSA's future revenue growth and forecast, mainly due to a potential supply glut coinciding with declining demand.
Public Storage PSA News Analytics from Wed, 28 Jun 2023 07:00:00 GMT to Sun, 19 May 2024 10:45:00 GMT -
Rating 7
- Innovation -5
- Information 8
- Rumor -2
