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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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 0.2%. By the end of trading, Public Storage rose $1.88 (1.3%) to $142.52 on average volume. Throughout the day, 774,999 shares of Public Storage exchanged hands as compared to its average daily volume of 688,800 shares. The stock ranged in a price between $141.02-$143.05 after having opened the day at $141.02 as compared to the previous trading day's close of $140.64. Other companies within the Real Estate industry that increased today were: Vestin Realty Mortgage I ( VRTA), up 8.2%, Roberts Realty Investors ( RPI), up 7.4%, HFF ( HF), up 5.3%, and Homex Development ( HXM), up 5.1%.
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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 $24.25 billion and is part of the financial sector. The company has a P/E ratio of 39.6, above the S&P 500 P/E ratio of 17.7. Shares are up 5.1% year to date as of the close of trading on Friday. Currently there are three analysts that rate Public Storage a buy, two analysts rate it a sell, and 12 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 impressive record of earnings per share growth, increase in net income, revenue growth, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, American Realty Investors ( ARL), down 7.5%, Gyrodyne Company of America ( GYRO), down 5.1%, American Spectrum Realty ( AQQ), down 5%, and IFM Investments ( CTC), down 3.6%, were all laggards within the real estate industry with Nationstar Mortgage Holdings ( NSM) 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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