Public Storage (PSA) has witnessed a series of significant investment activities, with various firms such as
KLP Kapitalforvaltning AS, Edgemoor Investment Advisors Inc. and
Advisors Preferred LLC acquiring sizable shares in the company. Conversely, companies such as
Y Intercept Hong Kong Ltd, Equitable Trust Co., Larson Financial Group LLC, and the
Bank of New York Mellon Corp have reportedly reduced their stakes in Public Storage. Amid these changes, top firms like
Wells Fargo have adjusted PSA's price target, while others like
JPMorgan maintain an Overweight rating on the stock, indicating potential future growth. Public Storage has also issued $875 million in senior notes to refinance debt, a strategic financial move that builds its resilience in a high-rate environment. Furthermore, PSA reported strong revenue growth and topped estimations for Q1 2025 earnings. The company is enhancing its global presence with bids for market leaders such as Abacus Storage King in Australia. However, there are concerns about PSA potentially underperforming the real estate sector, and the stock has been trading at a slight decline since its last earnings report.
Public Storage PSA News Analytics from Thu, 03 Oct 2024 07:00:00 GMT to Sat, 26 Jul 2025 21:30:08 GMT -
Rating 5
- Innovation 1
- Information 8
- Rumor -4
