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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.