Public Storage (PSA): Today's Featured Financial 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 Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day up 0.3%. By the end of trading, Public Storage fell $2.13 (-1.4%) to $150.46 on average volume. Throughout the day, 876,569 shares of Public Storage exchanged hands as compared to its average daily volume of 669,400 shares. The stock ranged in price between $150.25-$152.77 after having opened the day at $152.50 as compared to the previous trading day's close of $152.59. Other companies within the Financial sector that declined today were: Aviva ( AV), down 12.4%, MGIC Investment Corporation ( MTG), down 12.3%, Palmetto ( PLMT), down 9.1%, and Credit Suisse ( DGAZ), down 8.4%.
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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 $26.44 billion and is part of the real estate industry. The company has a P/E ratio of 39.5, above the S&P 500 P/E ratio of 17.7. Shares are up 5.3% 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 solid stock price performance, impressive record of earnings per share growth, increase in net income, revenue growth and expanding profit margins. 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 positive front, Altisource Residential Corporation ( RESI), up 33.4%, IFM Investments ( CTC), up 17.4%, Siebert Financial Corporation ( SIEB), up 9%, and Oak Ridge Financial Services ( BKOR), up 7.8%, were all gainers within the financial sector with MetLife ( MET) being today's featured financial sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).

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