Public Storage (PSA) is currently experiencing a significant amount of interest from various investment firms.
Avanza Fonder AB and
Ritholtz Wealth Management boosted their stock position in PSA, with an additional 12,742 shares purchased by Avanza Fonder. Additionally,
West Coast Financial currently holds an impressive $8.88 million in PSA, and the
Czech National Bank has also increased their own holdings. Despite a turbulent December which saw a 13.7% decrease in short interest, the company has however been performing impressively, with the PSA stock increasing by 26.8% within a span of six months. Deutsche Bank has recently upgraded PSA's status to 'Hold', further signalling potential growth in the stock's future. However, PSA has faced some performance challenges. It underperformed compared to its competitors on a number of Tuesdays, and there has been insider selling by Nathaniel Vitan. Regardless, PSA remains an appealing firm, particularly as it stands out amongst real estate and realty stocks according to hedge funds. The viability of PSA as a long-term investment opportunity has been argued, despite its recent Q3 FFO misses. It is nonetheless predicted to demonstrate profitability in 2024.
Public Storage PSA News Analytics from Wed, 14 Feb 2024 14:24:31 GMT to Sat, 18 Jan 2025 20:12:42 GMT -
Rating 6
- Innovation 3
- Information 7
- Rumor -5
