Market Resilience: Public Storage (PSA) Finishes Weak at 289.33, Down -3.52

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Public Storage (NYSE: PSA) closed the day trading at $289.33 down -3.52% from the previous closing price of $299.88. In other words, the price has decreased by -$3.52 from its previous closing price. On the day, 1.02 million shares were traded. PSA stock price reached its highest trading level at $302.35 during the session, while it also had its lowest trading level at $288.67.

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 84.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.65. 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:

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 Dec 13 ’24 when Vitan Nathaniel A. sold 450 shares for $317.99 per share. The transaction valued at 143,096 led to the insider holds 2,364 shares of the business.

Vitan Nathaniel A. bought 450 shares of PSA for $143,096 on Dec 13 ’24. On Aug 23 ’24, another insider, Vitan Nathaniel A., who serves as the Chief Legal Officer of the company, sold 400 shares for $339.95 each. As a result, the insider received 135,978 and left with 2,814 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 50685698048 and an Enterprise Value of 65836318720. As of this moment, Public’s Price-to-Earnings (P/E) ratio for their current fiscal year is 29.99, and their Forward P/E ratio for the next fiscal year is 27.54. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 15.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.83 while its Price-to-Book (P/B) ratio in mrq is 9.63. Its current Enterprise Value per Revenue stands at 14.012 whereas that against EBITDA is 19.635.

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 -13.32%, while the 200-Day Moving Average is calculated to be -6.41%.

Shares Statistics:

Over the past 3-months, PSA traded about 735.86K shares per day on average, while over the past 10 days, PSA traded about 847780 shares per day. A total of 175.11M shares are outstanding, with a floating share count of 157.29M. Insiders hold about 10.22% of the company’s shares, while institutions hold 83.30% stake in the company. Shares short for PSA as of 1732838400 were 3329017 with a Short Ratio of 4.52, compared to 1730332800 on 2758623. Therefore, it implies a Short% of Shares Outstanding of 3329017 and a Short% of Float of 2.4400001000000002.

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 0.040016007The stock’s 5-year Average Dividend Yield is 3.3.

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