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 0.5%. By the end of trading, Public Storage rose $2.07 (1.4%) to $147.05 on light volume. Throughout the day, 514,595 shares of Public Storage exchanged hands as compared to its average daily volume of 694,400 shares. The stock ranged in a price between $146.29-$147.68 after having opened the day at $146.95 as compared to the previous trading day's close of $144.98. Other companies within the Real Estate industry that increased today were: MPG Office ( MPG), up 26.9%, Stratus Properties ( STRS), up 7.9%, Capital ( CT), up 5.8%, and Elbit Imaging ( EMITF), up 4.7%.

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 $24.89 billion and is part of the financial sector. The company has a P/E ratio of 46.2, above the average real estate industry P/E ratio of 46.1 and above the S&P 500 P/E ratio of 17.7. Shares are up 7.8% year to date as of the close of trading on Wednesday. Currently there are five analysts that rate Public Storage a buy, four analysts rate it a sell, and 10 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 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.

On the negative front, Transcontinental Realty ( TCI), down 10.8%, American Realty Investors ( ARL), down 8%, Chimera Investment Corporation ( CIM), down 7%, and NTS Realty Holdings ( NLP), down 6.9%, were all laggards within the real estate industry with AvalonBay Communities ( AVB) being today's real estate industry laggard.

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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