NEW YORK (
) hit a new 52-week high Tuesday as it traded at $112.09 compared with its previous 52-Week high of $111.95. Public is changing hands at $111.95 with 56,111 shares traded as of 9:41 a.m. ET. Average volume has been 760,500 shares over the past 30 days.
Public has a market cap of $19 billion and is part of the
industry. Shares are up 10.1% year to date as of the close of trading on Friday.
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 48.5, above the average real estate industry P/E ratio of 47.9 and above the S&P 500 P/E ratio of 23.2.
TheStreet Ratings rates Public 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, solid stock price performance, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full
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