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Public Storage, based in California, is a REIT that operates self-storage facilities. The company has about 3,049 self-storage facilities in the U.S. with 219 million rentable square feet. Public Storage also has a 35% equity stake in Shurgard Europe, with about 250 facilities and 16 million square feet of rentable space in Western Europe. The European storage market has underperformed the U.S. market. PSA currently has self-storage properties in 40 states. At year-end 2023, stabilized properties account for approximately 75% of the company's portfolio, and acquisitions for 15%. Development and redevelopment properties make up the remainder. Of the REIT's stabilized portfolio, approximately one-third of same-store assets were in California, Texas, and Florida. The shares are a component of the S&P 500. PSA's market cap is $56.4 billion.

Investors and analysts of all stripes seem amazed by the speed at which stocks are recovering from the early August swoon. Insiders, who had been so pessimistic a just few weeks ago, are included in this group. Among the positive indicators, the Insider Index from Vickers Stock Research has moved in a positive direction for a second week, marking its least-bearish reading since early May. Additionally, Vickers' Total One-Week Sell/Buy Ratio, NYSE One-Week Sell/Buy Ratio, and Nasdaq One-Week Sell/Buy Ratio are all lower (bullish) for a second week, and down dramatically from highs seen a mere three weeks ago. The above has led Vickers' Total, NYSE, and Nasdaq Eight-Week Sell/Buy Ratios to also move lower for the first time in months. And all of the above is taking place in an environment that features growing transaction volume now that earnings-related trading restrictions are falling away. On a sector basis, insider buying outpaced selling in the Energy sector by a factor of 2.75-times. On the flipside, selling by insiders last week was greatest in Information Technology, with shares valued at $157 million sold versus $25 million bought. This week, analysts at Vickers highlighted insider transactions of interest at Quanta Services Inc. (NYSE: PWR) and ConocoPhillips (NYSE: COP).

The Vickers Top Insider Picks is a daily report that utilizes a proprietary algorithm to identify 25 companies with compelling insider purchase histories based on transactions over the past three months.

The Vickers Top Insider Picks is a daily report that utilizes a proprietary algorithm to identify 25 companies with compelling insider purchase histories based on transactions over the past three months.