Public Storage (PSA), the self-storage giant with a portfolio of 241M sq. ft, is projected to post earnings of
$2.57 per share. The real estate investment trust (REIT) has seen its stock rise
26.8% in the last six months, fueling speculation about sustainability of the uptrend. Analysts indicate key metrics for the company's Q4 earnings appear promising, although the business's growth potential is limited. Described as 'a great business with nowhere to grow,' PSA makes for an interesting investment proposition.
An overwhelming amount of public interest in the stock can be attributed to consistently reliable dividends, making it an attractive choice for steady income investors. Despite demand headwinds and a slight underperformance in the Nasdaq, PSA has outperformed the S&P 500. All these factors combined make PSA an exciting investment opportunity.
Beyond immediate financial performance, PSA has announced a
$2 billion equity distribution agreement while enduring price target adjustments from major financial institutions like Jefferies and BMO Capital. Indicator series of this REIT stock have crossed
6% yield territory, bolstering its image as an investment with excellent risk/reward balance.
Public Storage PSA News Analytics from Tue, 19 May 2009 11:54:36 GMT to Sat, 22 Feb 2025 21:06:00 GMT -
Rating 7
- Innovation -4
- Information 8
- Rumor -5
