Trade-Ideas LLC identified Public Storage ( PSA) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Public Storage as such a stock due to the following factors:

  • PSA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $128.1 million.
  • PSA has traded 21,701 shares today.
  • PSA is trading at a new lifetime high.

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More details on PSA:

Public Storage is an equity real estate investment trust. It engages in the acquisition, development, ownership, and operation of self-storage facilities in the United States and Europe. The stock currently has a dividend yield of 3.1%. PSA has a PE ratio of 38. Currently there are 6 analysts that rate Public Storage a buy, 1 analyst rates it a sell, and 8 rate it a hold.

The average volume for Public Storage has been 639,900 shares per day over the past 30 days. Public has a market cap of $37.5 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.28 and a short float of 2% with 4.38 days to cover. Shares are up 18.8% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Public Storage as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, 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.

Highlights from the ratings report include:
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 29.25% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, PSA should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • PUBLIC STORAGE has improved earnings per share by 20.6% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, PUBLIC STORAGE increased its bottom line by earning $5.25 versus $4.89 in the prior year. This year, the market expects an improvement in earnings ($5.94 versus $5.25).
  • Despite its growing revenue, the company underperformed as compared with the industry average of 9.8%. Since the same quarter one year prior, revenues slightly increased by 8.7%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The gross profit margin for PUBLIC STORAGE is rather high; currently it is at 55.29%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 54.30% significantly outperformed against the industry average.
  • Net operating cash flow has increased to $456.84 million or 15.55% when compared to the same quarter last year. Despite an increase in cash flow, PUBLIC STORAGE's average is still marginally south of the industry average growth rate of 16.24%.

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