NEW YORK (

TheStreet

) --

Public Storage

(NYSE:

PSA

) hit a new 52-week high Thursday as it is currently trading at $129.31, above its previous 52-week high of $125.12 with 34,140 shares traded as of 9:31 a.m. ET. Average volume has been 1.2 million shares over the past 30 days.

Public has a market cap of $20.9 billion and is part of the

financial

sector and

real estate

industry. Shares are up 22.9% year to date as of the close of trading on Wednesday.

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. The company has a P/E ratio of 35.8, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Public as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

Public Ratings Report

.

See all

52-week high stocks

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