Public StoragePSA
Market Cap: $60.5B
About: Public Storage is the largest owner of self-storage facilities in the us with more than 3,000 self-storage facilities in 40 states and approximately 219 million square feet of rentable space. Through equity interests, it also has exposure to the European self-storage market through Shurgard Self Storage. The company also has a merchandise business, a third-party property management business, and an insurance business that offers products to cover losses for the goods in self-storage facilities.
Employees: 6,200
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
17% more repeat investments, than reductions
Existing positions increased: 430 | Existing positions reduced: 366
0% less funds holding
Funds holding: 1,041 [Q1] → 1,039 (-2) [Q2]
0.91% less ownership
Funds ownership: 79.47% [Q1] → 78.56% (-0.91%) [Q2]
2% less capital invested
Capital invested by funds: $40.3B [Q1] → $39.6B (-$683M) [Q2]
2% less first-time investments, than exits
New positions opened: 91 | Existing positions closed: 93
13% less funds holding in top 10
Funds holding in top 10: 16 [Q1] → 14 (-2) [Q2]
51% less call options, than puts
Call options by funds: $65.2M | Put options by funds: $133M
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Citigroup Eric Wolfe 0% 1-year accuracy 0 / 1 met price target | 9%upside $378 | Buy Maintained | 30 Aug 2024 |
Evercore ISI Group Steve Sakwa 66% 1-year accuracy 31 / 47 met price target | 3%downside $334 | In-Line Maintained | 28 Aug 2024 |
Scotiabank Nicholas Yulico 68% 1-year accuracy 15 / 22 met price target | 2%downside $339 | Sector Perform Maintained | 22 Aug 2024 |
Barclays Brendan Lynch 83% 1-year accuracy 19 / 23 met price target | 8%upside $374 | Overweight Maintained | 22 Aug 2024 |
Scotiabank Nicholas Yulico 68% 1-year accuracy 15 / 22 met price target | 11%downside $308 | Sector Perform Maintained | 7 Aug 2024 |