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Public Storage. (NYSE: PSA) closed the day trading at $357.57 down -1.49% from the previous closing price of $362.99. In other words, the price has decreased by -$1.49 from its previous closing price. On the day, 0.59 million shares were traded. PSA stock price reached its highest trading level at $363.895 during the session, while it also had its lowest trading level at $357.405.
Ratios:
For a better understanding of PSA, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 115.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.51. 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 63529824256 and an Enterprise Value of 75886002176. As of this moment, Public’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.48, and their Forward P/E ratio for the next fiscal year is 33.63. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.50 while its Price-to-Book (P/B) ratio in mrq is 11.68. Its current Enterprise Value per Revenue stands at 16.288 whereas that against EBITDA is 22.658.
Stock Price History:
Over the past 52 weeks, PSA has reached a high of $364.61, while it has fallen to a 52-week low of $233.18. The 50-Day Moving Average of the stock is 11.54%, while the 200-Day Moving Average is calculated to be 22.72%.
Shares Statistics:
Over the past 3-months, PSA traded about 709.97K shares per day on average, while over the past 10 days, PSA traded about 690600 shares per day. 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 80.26% stake in the company. Shares short for PSA as of 1724976000 were 3357009 with a Short Ratio of 4.73, compared to 1722384000 on 2843651. Therefore, it implies a Short% of Shares Outstanding of 3357009 and a Short% of Float of 2.4600001.
Dividends & Splits
PSA’s forward annual dividend rate is 12.00, up from 12.0 a year ago. Against a Trailing Annual Dividend Yield of 0.033058763The stock’s 5-year Average Dividend Yield is 3.3.
