5 Most Undervalued REIT Stocks To Buy According To Hedge Funds

2. Public Storage (NYSE:PSA)

Number of Hedge Fund Investors In Q2 2023: 27

Latest P/E Ratio: 11.92

Public Storage (NYSE:PSA) owns and operates self storage properties in more than three dozen U.S. states. The firm expanded its property portfolio in July, as it announced that it would buy another storage company for a $1 billion price tag.

By the end of this year’s second quarter, 27 out of the 910 hedge funds polled by Insider Monkey had held a stake in the company. Public Storage (NYSE:PSA)’s biggest hedge fund stakeholder is Jeffrey Furber’s AEW Capital Management since it holds a $108 million stake.

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