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After finishing at $347.96 in the prior trading day, Public Storage. (NYSE: PSA) closed at $342.07, down -1.69%. In other words, the price has decreased by -$1.69 from its previous closing price. On the day, 0.64 million shares were traded. PSA stock price reached its highest trading level at $348.11 during the session, while it also had its lowest trading level at $341.03.
Ratios:
Our goal is to gain a better understanding of PSA by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 110.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.54. In the meantime, Its Debt-to-Equity ratio is 0.97 whereas as Long-Term Debt/Eq ratio is at 0.97.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 59868409856 and an Enterprise Value of 74204069888. As of this moment, Public’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.03, and their Forward P/E ratio for the next fiscal year is 32.42. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 10.68. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.92 while its Price-to-Book (P/B) ratio in mrq is 11.17. Its current Enterprise Value per Revenue stands at 15.927 whereas that against EBITDA is 22.156.
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 $233.18. The 50-Day Moving Average of the stock is 0.37%, while the 200-Day Moving Average is calculated to be 14.69%.
Shares Statistics:
The stock has traded on average 713.14K shares per day over the past 3-months and 725600 shares per day over the last 10 days, according to various share statistics. A total of 175.67M shares are outstanding, with a floating share count of 157.10M. Insiders hold about 10.24% of the company’s shares, while institutions hold 80.38% stake in the company. Shares short for PSA as of 1727654400 were 3094529 with a Short Ratio of 4.34, compared to 1724976000 on 3357009. Therefore, it implies a Short% of Shares Outstanding of 3094529 and a Short% of Float of 2.27.
Dividends & Splits
In the trailing 12 months, PSA’s forward annual dividend rate was 12.0, compared to 12.00 this year. Against a Trailing Annual Dividend Yield of 0.034486722The stock’s 5-year Average Dividend Yield is 3.3.
