Shares of Public Storage (PSA) Sees Large Inflow of Net Money Flow

Public Storage (PSA) : $21.25 million worth of transactions were on upticks in Public Storage (PSA), compared to $19.97 million on downticks. The ratio between the two was 1.06, whereas, the net money flow stood at a healthy $1.28 million on Fridays session. The consistent buying on upticks in the stock accounted for $3.34million worth of trades. The total money flow into the stock stood at $3.34 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.2%. The stock was trading at $225.65, with a drop of $0.46 over the previous days close. The stock recorded 0.74% for the week.


The company Insiders own 14.2% of Public Storage shares according to the proxy statements. Institutional Investors own 78.4% of Public Storage shares.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director 10% owner of Public Storage, Hughes B Wayne Jr, had purchased 22,100 shares in a transaction dated on June 8, 2016. The transaction was executed at $252.42 per share with total amount equaling $5,578,482.

Public Storage (NYSE:PSA): The stock opened at $226.1 and touched an intraday high of $229.19 on Friday. During the day, the stock corrected to an intraday low of $224.57, however, the bulls stepped in and pushed the price higher to close in the green at $226.79 with a gain of 0.30% for the day. The total traded volume for the day was 665,332. The stock had closed at $226.11 in the previous trading session.

Public Storage (PSA) has been under a strong bear grip, hence the stock is down -2.44% 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 0.74% in the past 1 week. The stock has risen by 1.25% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.56% in the past 4 weeks.

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.

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