Latest news with #PublicStorage
Yahoo
13-05-2025
- Business
- Yahoo
Public Storage price target raised to $340 from $305 at Scotiabank
Scotiabank raised the firm's price target on Public Storage (PSA) to $340 from $305 and keeps an Outperform rating on the shares. The firm is adjusting its estimates on U.S. Real Estate & REITs in its coverage following Q1 results, the analyst tells investors. Quarterly results contained some negative surprises, but generally played out as expected, with most companies maintaining FY25 guidance, the firm notes. Real estate fundamentals tend to lag, so many are looking to see the potential impact of the slowing economy on H2 2025 results, the firm adds. Scotiabank notes it prefers Public Storage Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on PSA: Disclaimer & DisclosureReport an Issue Strong Buy Recommendation for Public Storage: Promising Growth and Attractive Valuation Public Storage price target raised to $320 from $310 at Truist Public Storage Holds Annual Shareholders Meeting Public Storage price target lowered to $342 from $346 at Goldman Sachs Public Storage Reports Stable Q1 2025 Performance Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
13-05-2025
- Business
- Business Insider
Truist Financial Remains a Buy on Public Storage (PSA)
Truist Financial analyst Ki Bin Kim maintained a Buy rating on Public Storage (PSA – Research Report) yesterday and set a price target of $320.00. The company's shares closed yesterday at $305.18. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Bin Kim covers the Real Estate sector, focusing on stocks such as Public Storage, NETSTREIT, and Lineage, Inc.. According to TipRanks, Bin Kim has an average return of 7.5% and a 60.98% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Public Storage with a $327.29 average price target, representing a 7.24% upside. In a report released yesterday, Scotiabank also maintained a Buy rating on the stock with a $340.00 price target. Based on Public Storage's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.18 billion and a net profit of $407.79 million. In comparison, last year the company earned a revenue of $1.16 billion and had a net profit of $508.95 million
Business Insider
07-05-2025
- Business
- Business Insider
Public Storage price target lowered to $342 from $346 at Goldman Sachs
Goldman Sachs lowered the firm's price target on Public Storage (PSA) to $342 from $346 and keeps a Buy rating on the shares after its Q1 results and 2025 guidance. The company's outlook entails a similar demand environment as 2024, with no pick up in demand from housing turnover and minimal seasonality during the busy season, the analyst tells investors in a research note. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
AU Financial Review
28-04-2025
- Business
- AU Financial Review
South African billionaire in $1.9b play for Abacus Storage King
South African tycoon Nathan Kirsh has joined forces with New York-listed Public Storage in a takeover offer for Abacus Storage King that values the ASX-listed self-storage operator at around $1.93 billion. Through his family office Ki Corporation, Kirsh already controls 59.47 per cent of the register of Abacus Storage King – known by its ticker as ASK. That stake is both directly and indirectly, through Kirsh's substantial interest in Abacus Group, which manages ASK and retains a shareholding in it.
Yahoo
19-04-2025
- Business
- Yahoo
Is Public Storage (PSA) the Best REIT Stock to Buy According to Billionaires?
We recently published a list of . In this article, we are going to take a look at where Public Storage (NYSE:PSA) stands against other best REIT stocks to buy according to billionaires. Although the spring housing season started off with more sellers and increasing homes for sale as pointed out by the chief economist at Danielle Hale, home buyers are still facing a high cost of buying in addition to economic concerns thereby suggesting a rather 'sluggish response from buyers in early spring'. With regards to the tariff impact on real estate, the announcement of the new Trump tariffs resulted in a sell-off and a sharp drop in mortgage rates while homeowners and home buyers seized the moment, with mortgage applications moving to a six-month high. suggests that tariffs often translate into higher costs for the consumer. In the case of housing, the new tariffs could result in increased construction costs for homebuilders considering the fact that 10% of the building materials utilized in residential construction tend to be imported. Senior Economist Joel Berner emphasized the downside of these tariffs as he talked about many homebuyers being sidelined in case of a small rise in costs and stated: 'The US faces a supply gap of nearly 4 million homes, and the only long-term solution to this problem is to build them, but the implementation of these tariffs will make it more costly to do so, putting a question mark on whether they can be built at the lower price points that are most undersupplied' Although many economists still think that tariffs could lead to a recession which typically results in lower mortgage rates, another concern looming over real estate is that tariffs could keep inflation higher for longer which might lead to the Federal Reserve reversing or reducing future cuts to its policy rate which would keep mortgage rates higher for longer. To compile our list of the best REIT stocks to buy according to billionaires, we used Insider Monkey's exclusive database of billionaire stock holdings. Firstly, we shortlisted the most prominent REIT stocks using a stock screener and ETFs. Then, we selected the top 10 REIT stocks based on the highest number of billionaire investors, updated as of Q4 2024. For the stocks with the same number of billionaire holdings, we have used the total value of billionaire holdings as a secondary metric to rank the stocks. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). Aerial view of a thriving self-storage facility, showcasing the company's expertise in acquisition and development. Public Storage (NYSE:PSA) is the largest owner, operator, and developer of self-storage facilities in the world. The firm is a member of the S&P 500 and FT Global 500. As of December 31, 2024, the real estate investment trust owned and/or operated 3,380 self-storage facilities situated in 40 states in the United States. Public Storage (NYSE:PSA), is positioned in a fundamentally strong industry with favorable demand dynamics and a declining new competitive supply. 23% of the REIT's total portfolio is in the high-growth lease-up pool with $80 million of net operating income (NOI) upside beyond 2025. Recently, Public Storage and Ki Corporation have offered a premium to acquire Abacus Storage King, one of the largest self-storage owners in Australia and New Zealand which are countries with growing self-storage markets that tend to benefit from strong economic growth, outsized population inflows, and increasing adoption among consumers. On December 31, 2024, the REIT also owned a 35% common equity interest in Shurgard Self Storage Limited which owned 318 self-storage facilities in seven Western European nations. Overall, PSA ranks 9th on our list of best REIT stocks to buy according to billionaires. While we acknowledge the potential of the best REIT stocks, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PSA but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: and . Disclosure: None. This article is originally published at .
