Dead money is a term used in financial analysis for a stock that’s stuck in neutral. That could be Public Storage (PSA) right now.
Public Storage (PSA) had decent growth last qtr as rent per square foot was as yet occupancy rates were down. This is a nice safe dividend stock.
Public Storage (PSA) is down but not out. I feel PSA stock is in a downtrend because interest rates are rising. The business is doing well.
Public Storage (PSA) stock is down as higher interest rates are hurting REIT stocks. But with a 4% yield and a dominant market position, this stock is a good value for the long-term.
Public Storage (PSA) owns and operate self-storage units in the U.S. and Europe. The stock is very safe, pays a 3% yield, and is currently on a dip. Time to buy?