The investment landscape for Public Storage (NYSE:PSA) presents a mixed view. Despite being labelled a 'bottom-ranked quant stock' by UBS, it has seen an increase in stock position by various entities such as KBC Group NV, Metis Global Partners LLC and Prime Capital Investment Advisors LLC. Furthermore, Public Storage stock has been outperforming competitors on several trading days. On the other hand, its stock has also seen underperformance when compared to competitors on certain days. Yield from the company's Preferred Shares have crossed the 5.5% mark multiple times with different series.
Public Storage, however, has also faced some setbacks. Notably, it missed the Q3 FFO estimates, while falling occupancy has also been reported. Analysts from Barclays and Royal Bank of Canada have issued pessimistic forecasts for the company's stock price. Despite these issues, multiple entities such as Arjuna Capital and Carrera Capital Advisors have started new holdings in Public Storage, denoting some level of investor confidence. The appointment of Christopher Sambar as Principal Operating Officer is another key development. Public Storage continues to declare dividends, with the latest being $3.00 quarterly.
Public Storage PSA News Analytics from Mon, 19 Feb 2024 08:00:00 GMT to Sat, 16 Nov 2024 07:41:19 GMT - Rating 4 - Innovation 0 - Information 6 - Rumor -4
