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. NEW YORK ( TheStreet) -- Public Storage (NYSE: PSA) hit a new 52-week high Wednesday as it is currently trading at $159.63, above its previous 52-week high of $159.61 with 116,996 shares traded as of 1:34 p.m. ET. Average volume has been 678,900 shares over the past 30 days. Public has a market cap of $27.09 billion and is part of the financial sector and real estate industry. Shares are up 9.4% year to date as of the close of trading on Tuesday. 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 40.4, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Public 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. You can view the full Public Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.