The past months have seen a mix of positive and negative developments for Public Storage (PSA). Major securities and investment corporations such as Presima Securities ULC and Nisa Investment Advisors LLC have reduced their holdings of the company's shares. Meanwhile, UMB Bank n.a and Ritholtz Wealth Management increased their stake in PSA. Analysts from Barclays and Jefferies have revised down their price target for the company. MassMutual Private Wealth & Trust FSB and West Coast Financial LLC maintain sizable stock positions in Public Storage.
Despite some bearish sentiments, there are bullish theories that propose PSA as the best warehouse and self-storage stock to buy now. Over the past six months, the company's shares have gained 26.8%. Public Storage announced 2024 dividend tax treatment, unique in that 100% of dividends were ordinary REIT dividends. However, there's been a concern with the company's Q3 performance where it fell short of FFO estimates and faced a decrease in occupancy rates.
Public Storage faces numerous challenges and growth opportunities in the future.
Public Storage PSA News Analytics from Mon, 19 Feb 2024 08:00:00 GMT to Sat, 25 Jan 2025 11:29:45 GMT - Rating 5 - Innovation -8 - Information 4 - Rumor -3
