Public Stock Hits New 52-Week High (PSA)

NEW YORK ( TheStreet) -- Public Storage (NYSE: PSA) hit a new 52-week high Friday as it is currently trading at $147.01, above its previous 52-week high of $146.49 with 68,500 shares traded as of 10:05 a.m. ET. Average volume has been 683,500 shares over the past 30 days.

Public has a market cap of $24.7 billion and is part of the financial sector and real estate industry. Shares are up 7.1% 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 45.9, above the average real estate industry P/E ratio of 45.7 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Public Ratings Report.

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