Public Storage (PSA) has been under a strong bear grip, hence the stock is down -1.08% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.29% in the past 1 week. The stock has risen by 0.46% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.61% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.33% and the 50-Day Moving Average is 1.63%.The 200 Day SMA reached 8.58%
Public Storage (NYSE:PSA): The stock opened in the green at $226.37 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $227.77 and a low of $223.01 for the day. The stock did not find buyers even at the lows and closed at $223.14 recording a loss of -0.82%. 1,298,905 shares exchanged hands during the trading day. The stock had closed at $223.14 in the previous days trading.
Public Storage (PSA) : The most positive equity analysts on Public Storage (PSA) expects the shares to touch $289, whereas, the least positive believes that the stock will trade at $205 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $241.82 with an expected fluctuation of $21.45 from the mean.
Public Storage (the Trust) is a real estate investment trust (REIT). The Trusts principal business activities include Domestic Self-Storage, European Self-Storage and Commercial. The Trust acquires, develops, owns and operates self-storage facilities, which offer storage spaces for lease, on a month-to-month basis, for personal and business use. It has direct and indirect equity interests in self-storage facilities in the United States operating under the Public Storage brand name. The Trust has an around 49% equity interest in Shurgard Self Storage Europe Limited (Shurgard Europe), which owns approximately 192 self-storage facilities (10 million net rentable square feet of space) located in seven countries in Western Europe operated under the Shurgard brand name. The Trust has an around 42% equity interest in PS Business Parks, Inc. (PSB), a publicly held REIT, which owns and operates around 28.6 million net rentable square feet of commercial space.