Public Stock Hits New 52-Week High (PSA)

NEW YORK ( TheStreet) -- Public Storage (NYSE: PSA) hit a new 52-week high Tuesday as it is currently trading at $141.52, above its previous 52-week high of $141.48 with 779,359 shares traded as of 3:55 p.m. ET. Average volume has been 860,700 shares over the past 30 days.

Public has a market cap of $23.24 billion and is part of the financial sector and real estate industry. Shares are up 3.1% 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 42.6, above the average real estate industry P/E ratio of 41.2 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 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.

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