Top Public Storage Stocks to Consider Buying Now
U-Haul Holding Company (NYSE:UHAL)
U-Haul Holding Company (NYSE:UHAL) public storage stocks is a prominent do-it-yourself moving and storage company operating in the United States and Canada.
With its Moving and Storage, Property and Casualty Insurance, and Life Insurance segments, U-Haul is positioned as one of the best public storage stocks to keep an eye on.
Notably, 28 hedge funds expressed confidence in U-Haul during the first quarter. Recognizing its unique position compared to traditional self-storage companies.
Public Storage (NYSE:PSA)
Public Storage (NYSE:PSA) public storage stocks is a real estate investment trust (REIT) specializing in acquiring, owning, and operating self-storage facilities. The company recently secured a $1.5 billion unsecured revolving credit facility, replacing its existing facility.
This development allows Public Storage to borrow up to $1.5 billion initially. With the option to increase the borrowing capacity to $2.5 billion. With 32 hedge funds bullish on Public Storage in Q1, the stock presents an appealing investment opportunity.
Life Storage, Inc. (NYSE:LSI)
Life Storage, Inc. (NYSE:LSI) public storage stocks is a well-established self-administered and self-managed REIT that focuses on acquiring and managing self-storage facilities. The company reported impressive Q1 financial results, surpassing Wall Street estimates for FFO and revenue.
Life Storage projects a favorable outlook for FY23, expecting adjusted funds from operations per share between $6.75 and $6.95. In also Q1, the number of hedge funds bullish on Life Storage increased to 47, reflecting growing investor confidence.
Investing in Public Storage Stocks
Investing in public storage stocks presents an opportunity for investors to capitalize on the growth and potential of the storage industry.
U-Haul Holding Company, Public Storage, and Life Storage are three notable companies in this sector that warrant consideration. Due to their positive market outlook and the confidence shown by hedge funds.
The storage industry has demonstrated resilience and steady growth over the years. As more people seek convenient and secure storage solutions for their personal and business needs, companies in this sector are well-position to benefit from increased demand.
U-Haul Holding Company, with its extensive network of moving and storage services, offers a unique and comprehensive solution that appeals to customers in the United States and Canada.