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Public StoragePSABUY ON WEAKNESSJun 16, 2016Stock price when the opinion was issued
As of Jun 18, 2026. Market Open.
The largest self-storage company in the US. Is growing its fund flows from operations at a high single-digit. They have pricing power as they increase rental rates around 9%. They benefit from sticky, long-term contracts, and are seeing record tenant lengths of stay. They watch costs, like installing solar panels on buildings. The dividend yield is 4.3%, growing around 9%. They grow organically and buying competitors. Trading near the low end of 52 weeks.
(Analysts’ price target is $332.78)
This company owns self storage. A big company in a very fragmented industry that will be consolidated and this company will lead the way in buying out competition. Because they are so big, they can offer things that the smaller companies can’t offer. Have a big European operation and with the current news out of Europe, this stock should do very well.
Solid stock and a good dividend. Fair valuation. If you own, Hold, but if you don’t, wait for a nice pullback. A steady Eddie, and if you have it in your portfolio, you are not going to lose any sleep over it. Dividend yield of 2.9%.