Public Storage stock performance trend indicates that the stock price has rallied 1.72% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -0.29% . Looking at the past 52 week period, the stock price is down -17.43% . Relative price strength is a important factor used by wealth management firms while investing in stocks since the indicator compares the stock performance with the overall market. The relative price strength of Public Storage has a negative value of -12.18 compared to overall market performance.Public Storage is having a Relative Strength Index of 53.36 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Stocks of Public Storage (NYSE:PSA) rallied by 1.1% during the past week but lost 1.45% on a 4-week basis. The company has outperformed the S&P 500 by 0.86% in the past week but underperformed the index by 2.57% in the last 4 weeks.
Company shares have received an average consensus rating of Hold for the current week Public Storage (NYSE:PSA) : On Friday heightened volatility was witnessed in Public Storage (NYSE:PSA) which led to swings in the share price. The stock opened for trading at $221.37 and hit $225.625 on the upside , eventually ending the session at $222.49, with a gain of 0.88% or 1.95 points. The heightened volatility saw the trading volume jump to 1,477,814 shares. The 52-week high of the share price is $277.6 and the company has a market cap of $38,633 million. The 52-week low of the share price is at $200.65 .
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Company shares were Reiterated by Barclays on Mar 7, 2017 to Equal Weight, Raises Price Target to $ 222 from a previous price target of $215 .Public Storage was Downgraded by Robert W. Baird on Jan 5, 2017 to Neutral, Lowers Price Target to $ 235 from a previous price target of $248 .
Company has reported several Insider transactions to the SEC, on Mar 14, 2017, Ronald L Jr Havner (Chairman & CEO) sold 83,000 shares at 219.50 per share price.On Mar 9, 2017, Uri P Harkham (director) purchased 784 shares at 0.00 per share price.On Mar 9, 2017, John Reyes (SENIOR VICE PRESIDENT / CFO) sold 65,000 shares at 225.09 per share price.
Public Storage Last issued its quarterly earnings results on Feb 22, 2017. The company reported $2.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $2.64. The company had revenue of $651.43 million for the quarter, compared to analysts expectations of $614.98 million. The companys revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.45 EPS.
Public Storage, Inc. is a fully integrated, self-administered and self-managed real estate investment trust that primarily acquires, develops, owns and operates self-storage facilities. The Companys headquarters is located in Glendale, California. Public Storage is Americas premier storage company. Over the past three decades, the company has shown consistent growth in the number of properties owned, as well as in the range of services provided.