NEW YORK (
) hit a new 52-week high Tuesday as it is currently trading at $138.82, above its previous 52-week high of $138.46 with 112,191 shares traded as of 10:25 a.m. ET. Average volume has been 854,600 shares over the past 30 days.
Public has a market cap of $23.2 billion and is part of the
industry. Shares are up 2% year to date as of the close of trading on Monday.
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 45.2, above the average real estate industry P/E ratio of 44.6 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Public as a
. 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. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full
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