Public Storage (PSA) has displayed a notable financial performance, with the
Price-to-Operating-Cash-Flow standing at
17.43 as of August 18, 2024. Multiple financial entities, including Naples Global Advisors LLC and Swedbank AB, have been increasing their shares in PSA, indicating growing market faith in the company. The REIT's Q1 and Q2 earnings have been scrutinized by market experts, and despite PSA missing some estimates, it managed to top Q2 FFO estimates. Further, it has been named as one of the best real estate and realty stocks by hedge funds. Director Kristy Pipes' purchase of 2,149 shares seems to underscore market confidence. On the downside, downfall is noted in occupancy, and market risks are being cited by some financial players like Bank of America, leading to a downgrade. Nonetheless, stock price predictions and estimates suggest a 'Moderate Buy', and the price target was lifted to $320.00 by Wells Fargo & Company. PSA has seen a year-high of $319.96, reflecting solid investor interest.
Public Storage PSA News Analytics from Thu, 14 Dec 2023 08:00:00 GMT to Sun, 18 Aug 2024 18:55:21 GMT -
Innovation -1
- Information 7
- Rumor 2
