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

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 lower today making it today's featured Real Estate laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Public Storage fell $1.88 (-1.2%) to $154.20 on average volume. Throughout the day, 875,171 shares of Public Storage exchanged hands as compared to its average daily volume of 676,400 shares. The stock ranged in price between $154.10-$155.89 after having opened the day at $155.66 as compared to the previous trading day's close of $156.08. Other companies within the Real Estate industry that declined today were: New England Realty Associates ( NEN), down 6.3%, ARMOUR Residential REIT ( ARR), down 5.5%, Stratus Properties ( STRS), down 4.6%, and Altisource Portfolio Solutions ( ASPS), down 3.9%.
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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 $26.97 billion and is part of the financial sector. The company has a P/E ratio of 44, above the S&P 500 P/E ratio of 17.7. Shares are up 8.4% year to date as of the close of trading on Wednesday. Currently there are five analysts that rate Public Storage a buy, two 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 increase in stock price during the past year, impressive record of earnings per share growth, increase in net income, revenue growth and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

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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