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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.