Public Storage (PSA) has become a key focus in recent
investment forecasts, with mixed performance reports and notable transactions. Firstly,
Nathaniel Vitan, an insider, sold his shares in PSA. However, several entities including
Rothschild Investment LLC,
Arkadios Wealth Advisors, and
HB Wealth Management LLC took new positions or added to their PSA holdings. Despite some underperformance, PSA stock has risen and outperformed competitors on certain days.
Evercore ISI and
Citigroup have increased their price target for PSA. Long-term investment in PSA is viewed positively, with the stock appreciating 19% in the last 3 months, and PSA being stated as the best real estate stock to buy by hedge funds.
Q1 FFO for PSA fell short of estimates, however, it has had bullish earnings performances in Q2 and Q4. The company has publicly announced its Q1 and Q2 earnings results and dividends for 2024. Shares were sold by a number of parties, including
BNP PARIBAS ASSET MANAGEMENT,
New York State Teachers Retirement System and
SG Americas Securities LLC. Bank of America has downgraded PSA to Neutral due to 'elevated risks', but its financial metrics, dividend yield and annual total return potential reflect strength.
Public Storage PSA News Analytics from Wed, 01 Nov 2023 07:00:00 GMT to Sun, 01 Sep 2024 11:33:37 GMT -
Rating 6
- Innovation 1
- Information 7
- Rumor -3