Several investment firms have recently increased their positions in Public Storage (PSA), including Chevy Chase Trust Holdings, Aberdeen Group PLC, and NorthRock Partners. Equitable Trust Company also holds a significant stake in PSA. Multiple analysts, including Evercore ISI and Deutsche Bank, have upgraded PSA and increased its target price. PSA's Q2 earnings beat estimates, despite falling occupancy. The company also secured $875 million in dual-tranche notes to refinance debt. In addition, PSA has been making strategic moves with the issue of €425 million senior notes to fund growth and attempted expansion in the Australian market, although its bid for Abacus Storage was withdrawn due to valuation issues. Nonetheless, the company's strong dividend history and solid cash flow make it a viable candidate for portfolios, especially investors considering retirement dividend stocks. It's also worth noting that the real estate giant has announced a $3.00 dividend, with 3,432 facilities across 40 states, bolstering its dividend history.
Public Storage PSA News Analytics from Mon, 02 Dec 2024 08:00:00 GMT to Sat, 18 Oct 2025 12:00:29 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 4
