Achmea Investment Management B.V has increased its holdings in Public Storage, joining multiple other firms in either growing their investments or establishing new positions. Yet, several other entities are reducing their stock holdings, possibly due to a perceived decrease in profitability. Recently, Public Storage's Q4 results missed the projected estimates, which have contributed to the Swiss National Bank and Vestcor Inc. selling their shares. Similarly, Davis Selected Advisers and Edgestream Partners have trimmed their positions. While PSA's Q4 earnings fell short of estimates, some key metrics have been identified as holding promise. However, there's a clear sentiment of Public Storage's common stock being expensive currently. On a positive note, the company's consistent expansion efforts and strategic moves towards growth remain undeterred despite evident market headwinds. Looking forward, Public Storage's connection to rooftop solar projects and its Earnings alert report which describes the company as a self-storage giant with a 241M square feet portfolio provides a ray of hope. The recent wildfires, however, are expected to impact their 2025 earnings adversely.
Public Storage PSA News Analytics from Wed, 14 Aug 2024 00:57:46 GMT to Sat, 15 Mar 2025 23:37:58 GMT -
Rating -3
- Innovation 2
- Information 5
- Rumor -7
