5 Best Warehouse and Self Storage Stocks to Buy

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1. WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC)

Number of Hedge Fund Holders: 52

Ranking first on our list of the top 5 warehouse and self storage stocks to buy is WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC), which is a leading American REIT formed as a result of a merger between WillScot and Mobile Mini. Whereas WillScot specializes in modular space solutions, Mobile Mini offered portable storage solutions.

At the end of June, 52 hedge funds were long WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC), with stakes $1.39 billion, up from 47 in the previous quarter, with stakes amounting to $1.27 billion. 

On August 9, Baird analyst Andrew Wittmann kept an Outperform rating on WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC), with a price target of $37, up from $35. The analyst stated that the future of the company is positively bright, owing to good execution and strong asset economics. 

Benzott Capital Advisors mentioned WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) in their Q4 2020 investor letter. Here is what they said: 

“Willscot Mobile Mini Holdings (WSC): Reported solid financial results highlighted by rate increases in its modular segment and good cash flow. The merger of WillScot and Mobile Mini was completed in 3Q. The two business models are both based on strong recurring revenues from long duration leases and similar asset characteristics, such as long lives, low maintenance, high margin, short payback periods and strong cash flow generation. By combining the fleets, totaling over 365,000 units, the offering becomes more strategic and valuable to customers, and the diversification of the portfolio improves. The company is off to a good start following the merger.”

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