Public Storage (PSA) has seen significant fluctuations as it both disappoints with Q4 earnings that missed estimates and falls 6.3% since the last earnings report, while simultaneously showing resilience as its stock rises 26.8% in six months.
Major players show mixed actions towards PSA's stocks with notable purchases by
Sagespring Wealth Partners,
Aware Super Pty Ltd,
FIL Ltd, and
NewEdge Advisors LLC, and high-value holdings by
Dean Investment Associates LLC and
Canada Life Assurance Co. This contrasted with sales from
APG Asset Management US Inc,
Bank of Montreal Can, and significant selling by
Federated Hermes Inc. Several upgrades have also seen
Scotiabank and
Mizuho boost their ratings on PSA, whereas a reduction of stock holdings was noted by
Synovus Financial Corp and
Ontario Teachers Pension Plan Board. Revealing an ambitious move internationally, PSA has cast its eyes on the Australian market, launching a premium takeover bid for
Abacus Storage King. Lastly, PSA is exploring sustainability with plans to utilize underutilized rooftop space for solar power production.
Public Storage PSA News Analytics from Fri, 23 Aug 2024 07:00:00 GMT to Sat, 19 Apr 2025 11:55:05 GMT -
Rating -2
- Innovation 3
- Information 7
- Rumor 2
