The narrative around Public Storage (NYSE:PSA) appears to be full of activity with a strong focus on the firm's recent and future financial performance. There have been a significant increase in trading activity with its volumes surging by 53.95%. There is a mixed sentiment in the industry, as noted by analysts. JPMorgan holds a positive view on Public Storage, maintaining an overweight rating, with a Price Target of $324. However, BMO Capital downgraded the preferred stock (PSA.PRR). Despite this, there're multiple instances of firms like Deka Bank Deutsche Girozentrale, Moloney Securities Asset Management, and Capital Advisors investing in PSA shares. An interesting detail to note is the company's move into the sustainable space, with plans to utilize underutilized rooftop space for solar applications. Furthermore, PSA recently secured $875M in dual-tranche notes, aiming to refinance its debt. However, some quarters voice concerns over the company's growth potential in the market.
Public Storage PSA News Analytics from Wed, 30 Oct 2024 07:00:00 GMT to Sat, 12 Jul 2025 22:24:49 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor -2
