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Public Storage reported strong Q1 earnings, boosted by increased institutional investor holdings.
Public Storage (PSA), a real estate investment trust, saw multiple institutional investors increase their holdings in the first quarter.
The company reported strong Q1 earnings of $4.12 per share, exceeding estimates.
Public Storage operates 3,044 self-storage facilities in the U.S. and has interests in 275 facilities in Europe.
With a market cap of $51.54 billion, it has a consensus "Moderate Buy" rating and a price target of $337.64.
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Public Storage reportó fuertes ganancias del primer trimestre, impulsadas por el aumento de las participaciones de inversores institucionales.