Public Storage (PSA): Today's Featured Real Estate Winner

Public Storage ( PSA) pushed the Real Estate industry higher today making it today's featured real estate winner. The industry as a whole closed the day up 0.9%. By the end of trading, Public Storage rose 73 cents (0.5%) to $145.14 on average volume. Throughout the day, 619,408 shares of Public Storage exchanged hands as compared to its average daily volume of 675,000 shares. The stock ranged in a price between $143.75-$145.20 after having opened the day at $144.27 as compared to the previous trading day's close of $144.41. Other companies within the Real Estate industry that increased today were: American Realty Investors ( ARL), up 8.6%, Bluegreen Corporation ( BXG), up 8.3%, IRSA Investments and Representations ( IRS), up 6.7%, and Cedar Realty ( CDR), up 4.4%.

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. Public Storage has a market cap of $24.17 billion and is part of the financial sector. The company has a P/E ratio of 44.9, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 7.4% year to date as of the close of trading on Friday. Currently there are six analysts that rate Public Storage a buy, four analysts rate it a sell, and nine rate it a hold.

TheStreet Ratings rates Public Storage as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Intergroup Corporation ( INTG), down 10.5%, American Spectrum Realty ( AQQ), down 4.9%, HMG/Courtland Properties ( HMG), down 4.6%, and FirstCity Financial Corporation ( FCFC), down 4.2%, were all losers within the real estate industry with CBRE Group ( CBG) being today's real estate industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the real estate industry could consider iShares Dow Jones US Real Estate ( IYR) while those bearish on the real estate industry could consider ProShares Short Real Estate Fund ( REK).
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