In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
In the latest session, Public Storage (NYSE: PSA) closed at $332.67 down -0.58% from its previous closing price of $334.61. In other words, the price has decreased by -$0.58 from its previous closing price. On the day, 0.57 million shares were traded. PSA stock price reached its highest trading level at $334.665 during the session, while it also had its lowest trading level at $331.37.
Ratios:
For a deeper understanding of Public Storage’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 97.29 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.45. In the meantime, Its Debt-to-Equity ratio is 0.99 whereas as Long-Term Debt/Eq ratio is at 0.99.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, RBC Capital Mkts on September 10, 2024, initiated with a Sector Perform rating and assigned the stock a target price of $358.
On August 05, 2024, BofA Securities Downgraded its rating to Neutral which previously was Buy but kept the price unchanged to $318.
Truist Downgraded its Buy to Hold on August 01, 2024, while the target price for the stock was maintained at $306.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 23 ’24 when Vitan Nathaniel A. sold 400 shares for $339.95 per share. The transaction valued at 135,978 led to the insider holds 2,814 shares of the business.
Vitan Nathaniel A. bought 400 shares of PSA for $135,978 on Aug 23 ’24. On Jun 10 ’24, another insider, Vitan Nathaniel A., who serves as the Chief Legal Officer of the company, sold 400 shares for $274.29 each. As a result, the insider received 109,714 and left with 3,214 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PSA now has a Market Capitalization of 58617786368 and an Enterprise Value of 71578132480. As of this moment, Public’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.48, and their Forward P/E ratio for the next fiscal year is 31.65. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 17.73. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.46 while its Price-to-Book (P/B) ratio in mrq is 11.07. Its current Enterprise Value per Revenue stands at 15.234 whereas that against EBITDA is 21.347.
Stock Price History:
Over the past 52 weeks, PSA has reached a high of $369.99, while it has fallen to a 52-week low of $256.31. The 50-Day Moving Average of the stock is -2.42%, while the 200-Day Moving Average is calculated to be 8.22%.
Shares Statistics:
For the past three months, PSA has traded an average of 714.79K shares per day and 638490 over the past ten days. A total of 175.11M shares are outstanding, with a floating share count of 157.28M. Insiders hold about 10.22% of the company’s shares, while institutions hold 83.32% stake in the company. Shares short for PSA as of 1731628800 were 3146126 with a Short Ratio of 4.40, compared to 1728950400 on 2735733. Therefore, it implies a Short% of Shares Outstanding of 3146126 and a Short% of Float of 2.3.
Dividends & Splits
According to the company, the forward annual dividend rate for PSA is 12.00, from 12.0 in the trailing year. Against a Trailing Annual Dividend Yield of 0.035862647The stock’s 5-year Average Dividend Yield is 3.3.
