1 Magnificent S&P 500 Dividend Stock Down 30%: 4 Reasons to Buy Public Storage in 2025 and Hold Forever

Between 2020 and 2022, leading self-storage real estate investment trust (REIT) Public Storage (NYSE: PSA) saw its share price more than double thanks to a pandemic-aided boom. Since then, however, Public Storage's stock has dropped roughly 30% from its highs.To be fair to Public Storage, nothing business-specific went wrong operationally. In fact, its sales have grown by 12% in total over the last two years. Yet, the REIT couldn't muster enough cash generation amid a weaker self-storage environment to match the impressive financial results it delivered to investors in 2021 and 2022, leaving the market dismayed.This cyclicality in the public storage industry, combined with a slight market overreaction, leaves Public Storage trading at a price that makes it one of my favorite high-yield S&P 500 stocks today. Here are the four reasons I'll be adding to my position in the magnificent REIT in 2025.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool