Public Storage (PSA), a real estate investment trust (REIT), has been a hot topic in several financial discussions. PSA's price target was lowered to $340 from $388 at Jefferies, yet the stock maintains a 'Moderate Buy' rating from brokerages. Although it missed Q3 FFO estimates, the stock has reported considerable gains in the past few months, increasing by 19% in three months and 26.8% in six months. The stock offers a notable 4% dividend yield, making it attractive for steady income investors. The shares seem robust with its strategic
SWOT analysis indicating minimal headwinds. Principal Financial Group Inc. and Barclays PLC have boosted their PSA's positions, further supporting its potential. Nevertheless, some insiders have sold their shares. Despite revenue dips, the company sees stabilization in Q3. They have released a 2024 sustainability report and hired Chris Sambar, a former AT&T executive, as their COO. The demand for self-storage appears to be increasing. However, an oversupply is expected in 2024. Meanwhile, PSA continued to outperform its competitors even on days it experienced losses.
Public Storage PSA News Analytics from Wed, 14 Feb 2024 14:24:31 GMT to Fri, 03 Jan 2025 20:41:17 GMT -
Rating 5
- Innovation -1
- Information 7
- Rumor -6
