NEW YORK ( TheStreet) -- The ex-dividend date for Public Storage (NYSE: PSA) is Monday, March 12, 2012. Owners of shares as of market close today will be eligible for a dividend of $1.10 per share. At a price of $129.61 as of 9:30 a.m. ET, the dividend yield is 3.4%. The average volume for Public has been 854,600 shares per day over the past 30 days. Public has a market cap of $23.2 billion and is part of the financial sector and real estate industry. Shares are down 3.8% year to date as of the close of trading on Thursday. 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 40, below the average real estate industry P/E ratio of 44.6 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Public as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Public Ratings Report. See our dividend calendar or top-yielding stocks list.