Public Storage's (NYSE:PSA) shares have faced mixed responses from different investors and advisors. Companies such as
Cambridge Investment Research Advisors Inc., GSI Capital Advisors LLC, Assetmark Inc., and others have increased their holdings, revealing a positive faith in the company's future growth. Simultaneously, other firms, including
Franklin Resources Inc. and Victory Capital Management Inc., have trimmed their shares, exercising caution about the company's future performance. Public Storage's Q4 FFO and revenue estimates lagged, resulting in mixed reviews from the analysts who have a moderate buy recommendation. However, their Q2 FFO and revenue surpassed estimates, indicating a strong financial performance.
Insider trading has also been observed with Director John Reyes and Kristy Pipes selling and buying shares, respectively. Public Storage continues to make strategic moves like concluding a $2.2B Simply Self Storage Buyout and disclosing strategic financial maneuvers. Despite consecutive poor performances against competitors on certain days, the company's stock has also outperformed them on others. Public Storage's dividend performance and sustainability have been appreciated, showing healthy returns to investors.
Public Storage PSA News Analytics from Fri, 07 Jul 2023 07:00:00 GMT to Thu, 30 May 2024 10:39:50 GMT -
Rating 0
- Innovation 2
- Information 5
- Rumor -3
