NEW YORK, Sept. 9, 2013 /PRNewswire/ -- Public Storage (NYSE:PSA: $153) has been picked by S&P Capital IQ as its Focus Stock of the Week. PSA carries S&P Capital IQ's highest investment recommendation of 5-STARS, or Strong Buy.
"We think there are currently a number of factors resulting in positive fundamental trends in the self-storage industry," said Royal Shepard, equity analyst at S&P Capital IQ. "An increasingly mobile young workforce is ready to move to where new opportunities lie. As the economy recovers, we think many residents are relocating to metropolitan markets with local job creation. In addition, an aging baby boomer population is entering retirement and considering downsizing to smaller homes. Also, small businesses are active users of self-storage space in an expanding economy as an affordable alternative to larger office space."
To view a video of Mr. Shepard discussing PSA click on the following link. Play Video
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