5 Best Warehouse and Self Storage Stocks to Buy

3. Public Storage (NYSE:PSA)

Number of Hedge Fund Holders: 27

The stock ranking third on our list of the top 5 warehouse and self storage stocks to buy is Public Storage (NYSE:PSA), which is the largest self storage REIT in America. The company has more than 2200 storage facilities across the US, Canada, and Europe, and has total rentable space of 170 million square feet. Public Storage (NYSE:PSA) is traded as a S&P 500 Component. 

Out of the hedge funds traced by Insider Monkey, 27 were bullish on Public Storage (NYSE:PSA), with reported stakes worth $1.08 billion at the end of June. This is compared to 26 hedge funds in the previous quarter, with stakes amounting to $929 million. Ric Dillon’s Diamond Hill Capital is the biggest stakeholder of Public Storage (NYSE:PSA), with stakes valued at $284.2 million. 

On August 3, the company reported the actual FFO at $3.15, exceeding estimates by $0.21. The revenue also beat market estimates by $24.82 million at $829.32 million. On October 7, Berenberg analyst Keegan Carl kept a Hold rating on Public Storage (NYSE:PSA) with a price target of $321.