Public Storage (PSA) has seen a tumultuous period.
Calamos Advisors LLC lessened its stake, though year-to-year the stock has risen
19%, hitting a new 1-year high at $
325.12. However, it has also underperformed compared to competitors on certain days. The company weathered disappointing
Q2 move-in rents and trimmed guidance but beat Q2
FFO estimates. Fifth Third Bancorp and Van Lanschot Kempen Investment Management N.V. increased their holdings, suggesting confidence.
PSA has shown improved relative price performance, yet Scotiabank has adjusted the price target to $
339.00 from $
308.00. The stock was cut to Hold at Truist as its edge in rent fades. There is speculation of a self-storage glut due in
2024. Despite challenges with occupancy and rent, their
dividend analysis and their prices over the years elicits positive outlook among investors. The
real estate stock showed over performance in some periods, with notable
COGS-to-Revenue and
EV-to-Revenue ratios, but lagged at others. Their strategic SWOT insight and key metrics versus estimates data are noteworthy. The current market climate implies a mixed approach, while differences between rumored and announced data suggests a complex scenario.
Public Storage PSA News Analytics from Sun, 22 Oct 2023 07:00:00 GMT to Mon, 26 Aug 2024 00:10:51 GMT -
Rating 1
- Innovation -3
- Information 6
- Rumor -2
