Public Rises On Unusually High Volume (PSA)

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) is trading at unusually high volume Friday with 1.2 million shares changing hands. It is currently at two times its average daily volume and trading up $4.10 (+2.8%) at $150 as of 3:55 p.m. ET.

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Public has a market cap of $25.66 billion and is part of the financial sector and real estate industry. Shares are up 0.6% year to date as of the close of trading on Thursday.

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 36.3, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Public 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. You can view the full Public Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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