Public Storage (PSA), facing a continuous
slide in share prices, sets a new
1-year low making some market observers question if it's time to sell. The stock sees an
interest from Allspring Global Investments Holdings acquiring 17,592 shares, even as other firms like Hazelview Securities and Cwm LLC reportedly reduce their holdings. In contrast,
Vanderbilt University and Carnegie Investment Counsel
increase their stock positions, indicating
divergent views about PSA's future. It sees various price target adjustments, the recent one being from BMO Capital Markets, setting a new target at $305. The company's
FFO and revenues for Q2 and Q3 exceeded estimates, and the forecast for 2025 has been raised, showcasing solid financial performance. However, PSA's stock underperformance compared to S&P 500 and five-day
losing streak raise concerns. JPMorgan maintains an
'Overweight' rating with a price target of $324, while others reiterate a 'Moderate Buy' consensus. The firm's expansion is seen amid softer new-lease rents but robust balance sheet and strong dividend history make PSA appear as a potential candidate for
retirement portfolios. Also, Public Storage welcomes a new board member and announces plans to tap underutilized rooftop space with
solar energy.
Public Storage PSA News Analytics from Wed, 12 Feb 2025 08:00:00 GMT to Fri, 02 Jan 2026 18:04:09 GMT -
Rating -5
- Innovation -3
- Information 2
- Rumor -5
