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

Public Storage (PSA) : Public Storage (PSA) had a healthy money flow of $5.68 million into the stock during the Mondays trading session. The value of bullish trades on upticks was $48.23 million, whereas, investors only sold shares worth $42.55 million on downticks. The stock closed the day with an up-down ratio of 1.13.The money flow in the block trades to the tune of $6.4 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $8.91 million worth of transactions were on upticks. A paltry $2.5 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 3.56. Public Storage (PSA) stock slid $0.37 intraday and traded at 251.25, a change of -0.15% over previous days close. However, for the week, the company shares are -2.37% compared to previous weeks close.


Public Storage has dropped 7.14% during the last 3-month period . Year-to-Date the stock performance stands at 2.87%. Public Storage has dropped 2.07% in the last five trading days, however, the shares have posted positive gains of 2.83% in the last 4 weeks. In a related news, Hughes B Wayne Jr, director 10% owner of Public Storage, executed a transaction worth $5,578,482 on June 8, 2016. A total of 22,100 shares were purchased at an average price of $252.42. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

Public Storage (NYSE:PSA): On Mondays trading session , Opening price of the stock was $252.28 with an intraday high of $252.6. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $250.225. However, the stock managed to close at $251.25, a loss of 0.15% for the day. On the previous day, the stock had closed at $251.62. The total traded volume of the day was 716,733 shares.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *