Public Storage (PSA): Today's Featured Financial Winner

Public Storage (PSA) pushed the Financial sector higher today making it today's featured financial winner. The sector as a whole closed the day down 0.4%. By the end of trading, Public Storage rose $1.45 (1.1%) to $139.23 on average volume. Throughout the day, 620,466 shares of Public Storage exchanged hands as compared to its average daily volume of 705,500 shares. The stock ranged in a price between $137.05-$139.78 after having opened the day at $137.24 as compared to the previous trading day's close of $137.78. Other companies within the Financial sector that increased today were: CMS Bancorp (CMSB), up 16.8%, Plumas Bancorp (PLBC), up 16.3%, First Financial Service Corporation (FFKY), up 16%, and Princeton National Bancorp (PNBC), up 14.5%.

Public Storage operates as a real estate investment trust (REIT). It engages in the acquisition, development, ownership, and operation of self-storage facilities in the United States and Europe. Public Storage has a market cap of $23.54 billion and is part of the real estate industry. The company has a P/E ratio of 43.7, above the average real estate industry P/E ratio of 43.6 and above the S&P 500 P/E ratio of 17.7. Shares are up 2.1% year to date as of the close of trading on Friday. Currently there are six analysts that rate Public Storage a buy, four analysts rate it a sell, and nine rate it a hold.

TheStreet Ratings rates Public Storage as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

• You can view the full Public Ratings Report.

On the negative front, Credit Suisse (DGAZ), down 19.3%, Community West (CWBC), down 16.5%, Penson Worldwide (PNSN), down 8.3%, and First South Bancorp (FSBK), down 8.1%, were all losers within the financial sector with Aflac (AFL) being today's financial sector loser.

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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR (XLF) while those bearish on the financial sector could consider Proshares Short Financials (SEF).

• Find other investment ideas from our top rated ETFs lists.

 

For more information on Public Storage click any of the following:

• Public Storage Stock Price

• Public Storage Analyst Ratings

• Public Storage Key Stats & Profile

• Public Storage Earnings

• Public Storage Ratio Comparison

• Public Storage Growth Rates

• Public Storage Balance Sheet

• Public Storage Cash Flow

• Public Storage Income Statement