5 Best Warehouse and Self-Storage Stocks To Buy

In this piece, we will take a look at the five best warehouse and self storage stocks to buy. If you want to take a look at the current state of the industry, then head on over to 10 Best Warehouse and Self-Storage Stocks To Buy.

5. Performance Food Group Company (NYSE:PFGC)

Number of Hedge Fund Investors: 29

Performance Food Group Company (NYSE:PFGC) is a food distribution and warehousing firm that serves the needs of retail establishments. Its stock should be insulated against an economic downturn since food companies generally weather a recessionary storm well due to the nature of their products.

After sifting through 943 hedge funds for their March quarter of 2023 holdings, Insider Monkey found out that 29 had bought stakes in Performance Food Group Company (NYSE:PFGC).

4. Public Storage (NYSE:PSA)

Number of Hedge Fund Investors: 32

Public Storage (NYSE:PSA), as the name suggests, is a storage company. Structured as a real estate investment trust, the firm has close to three thousand self-storage properties all over the U.S. It beat analyst EPS estimates during its second quarter, and the stock is rated Buy on average with the latest rating of Overweight coming from JP Morgan in June.

32 of the 943 hedge funds part of Insider Monkey’s Q1 2023 database had invested in the company. Public Storage (NYSE:PSA)’s largest hedge fund stakeholder out of these is Jim Simons’ Renaissance Technologies with an investment worth $131 million.

3. BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ)

Number of Hedge Fund Investors: 35

BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) is a warehouse store with operations primarily in America. The firm met analyst EPS estimates for its second quarter of 2023 earnings report. Its shares are rated Buy on average and the stock has an average share price target of $79.22.

After sifting through 943 hedge funds for their Q1 2023 investments, Insider Monkey discovered that 35 had owned a stake in BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ). Brandon Haley’s Holocene Advisors is the firm’s largest investor in our database, since it owns a stake worth $189 million.

2. Prologis, Inc. (NYSE:PLD)

Number of Hedge Fund Investors: 51

Prologis, Inc. (NYSE:PLD) is one of the largest industrial real estate firms in the world with roughly 1.2 billion square feet of property in its portfolio with a presence in more than a dozen countries worldwide. Its Q2 2023 earnings beat analyst EPS estimates by a wide margin, and the stock has an average rating of Strong Buy.

By the end of this year’s first quarter, 51 of the 943 hedge funds part of Insider Monkey’s research had invested in the company. Out of these, Prologis, Inc. (NYSE:PLD)’s largest hedge fund shareholder is Jeffrey Furber’s AEW Capital Management with a $350 million investment.

1. WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Number of Hedge Fund Investors: 59

WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) is a storage company that deals primarily with corporate and government entities. The firm is expanding its portfolio to cold storage as well and is busy making acquisitions in the area.

59 of the 943 hedge funds part of Insider Monkey’s database had held a stake in WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) as of March 2023.

Disclosure: None. You can also take a look at 10 Dow Stocks Billionaires Are Loading Up On and 20 Worst Performing Economies in 2023.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily free newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Follow Insider Monkey on Twitter