Public Storage
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 Q3 regulatory filings by fund managers ($100M+ AUM)
100% more first-time investments, than exits
New positions opened: 146 | Existing positions closed: 73
64% more funds holding in top 10
Funds holding in top 10: 14 [Q2] → 23 (+9) [Q3]
27% more capital invested
Capital invested by funds: $41B [Q2] → $52B (+$11B) [Q3]
6% more funds holding
Funds holding: 1,047 [Q2] → 1,105 (+58) [Q3]
1.3% more ownership
Funds ownership: 81.25% [Q2] → 82.55% (+1.3%) [Q3]
9% more repeat investments, than reductions
Existing positions increased: 416 | Existing positions reduced: 381
15% less call options, than puts
Call options by funds: $90.8M | Put options by funds: $107M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Barclays Brendan Lynch 44% 1-year accuracy 15 / 34 met price target | 22%upside $361 | Overweight Maintained | 13 Jan 2025 |
Truist Securities Ki Bin Kim 43% 1-year accuracy 13 / 30 met price target | 15%upside $340 | Hold Maintained | 5 Dec 2024 |
RBC Capital Brad Heffern 46% 1-year accuracy 16 / 35 met price target | 16%upside $344 | Sector Perform Maintained | 8 Nov 2024 |
Wells Fargo Eric Luebchow 64% 1-year accuracy 27 / 42 met price target | 23%upside $365 | Overweight Maintained | 5 Nov 2024 |
Financial journalist opinion
Based on 5 articles about PSA published over the past 30 days
