Yahoo Finance

Public Storage, based in California, is a REIT that operates self-storage facilities. The company has about 3,045 self-storage facilities in the U.S. with 218 million rentable square feet. Public Storage also has a 35% equity stake in Shurgard Europe, with 253 facilities and 15 million square feet of rentable space in Western Europe. The European storage market has underperformed the U.S. market. PSA currently has self-storage properties in 40 states. At year-end 2023, stabilized properties account for approximately 75% of the company's portfolio, and acquisitions for 15%. Development and redevelopment properties make up the remainder. Of the REIT's stabilized portfolio, approximately one-third of same-store assets were in California, Texas, and Florida. The shares are a component of the S&P 500. PSA's market cap is $48.5 billion.

U.S. stocks have every reason to be lower today, as a hot job market revealed earlier this morning has led many to believe that a Fed rate cut is now farther away than hoped. But it also means the economy is strong, so in a 'good news may be good news' event, stocks have shaken off earlier weakness and the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite are all slightly higher at midday. Bucking the trend is the Russell 2000, which is lower, along with oil, Bitcoin, and gold.

The Vickers Top Insider Picks is a daily report that utilizes a proprietary algorithm to identify 25 companies with compelling insider purchase histories based on transactions over the past three months.

The Vickers Top Buyers & Sellers is a daily report that identifies the five companies the largest insider purchase transactions based on the dollar value of the transactions as well as the five companies the largest insider sales transactions based on the dollar value of the transactions.