Truist has upgraded $PSA from ‘Hold’ to ‘Buy’, reflecting growing conviction in the company’s resilience and strategic momentum within the self-storage sector.
Despite broader market headwinds, $PSA has shown strong operational consistency. Its proven ability to navigate shifting economic dynamics, combined with timely acquisitions—like its recent purchase of two Florida facilities for $57.35 million—reinforces its growth trajectory and dominance in a fragmented industry.
💸 Dividend Fundamentals
📈 Annual Dividend: $12.00 per share
💰 Dividend Yield: Around 4.25% as of April 10, 2025
📊 Payout Ratio: About 111.1%
🔁 Frequency: Quarterly
📅 Ex-Dividend Date: March 13, 2025
With a historically generous payout, $PSA continues to attract dividend-focused investors. The elevated payout ratio reflects not just high distributions, but confidence in its cash-generating capacity.
In essence, Truist’s rating lift is rooted in a solid blend of dependable income and long-term strategic execution. For income-seeking investors and long-term holders, $PSA presents a compelling case as a defensive yet opportunistic REIT in today’s uncertain environment.