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.
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