Public Storage (NYSE:PSA) shares, rose in value on Friday, March 07, with the stock price up by 1.80% to the previous day’s close as strong demand from buyers drove the stock to $313.98.
Actively observing the price movement in the last trading, the stock closed the session at $308.43. The PE ratio was 29.52 over 12-month period. Referring to stock’s 52-week performance, its high was $369.99, and the low was $256.31. On the whole, PSA has fluctuated by 3.92% over the past month.
With the market capitalization of Public Storage currently standing at about $55.08 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 12.00, with its dividend yield at 3.82%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.81B, with a low estimate of 1.16B and a high estimate of 1.19B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.18B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PSA’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 9.28, with the price of PSA currently trading nearly 3.12% and 4.81% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.92, while the 7-day volatility ratio is showing 3.04% which for the 30-day chart, stands at 2.16%. Furthermore, Public Storage (PSA)’s beta value is 0.78, and its average true range (ATR) is 7.24.
A comparison of Public Storage (PSA) with its peers suggests the former has fared considerably weaker in the market. PSA showed an intraday change of 1.80% in last session, and over the past year, it grew by 12.33%%.
Data on historical trading for Public Storage (NYSE:PSA) indicates that the trading volumes over the past 3 months, they’ve averaged 730.93K. According to company’s latest data on outstanding shares, there are 175.41 million shares outstanding.
Nearly 10.21% of Public Storage’s shares belong to company insiders and institutional investors own 82.12% of the company’s shares. The stock has risen by 4.86% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PSA stock heading into the next quarter.
