PSA - Long Public Storage vs Short Extra Space added to Hedgeye best ideas list

Go long Public Storage (PSA) vs short Extra Space Storage (EXR), Hedgeye recommends for its best ideas list.Recommends shorting Extra Space with potential for ~15% downside as growth will likely decelerate for several quarters going into 2022, according to Hedgeye analyst Rob Simone.Recommends long Public Storage with potential for ~15%-20% upside as activist Elliott Management has won board seats. Expects improved shareholder engagement and PSA's first Investor Day in May to be near-term catalysts.Hedgeye holding a call at 10amRecall March 2, Extra Space Storage upgraded by BMO after strong Q4 results.

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Long Public Storage vs Short Extra Space added to Hedgeye best ideas list