Just the Facts on Public Storage (PSA)

Public Storage (NYSE:PSA) is an interesting player in the Financial space, with a focus on REIT – Industrial. The stock has been active on the tape, currently trading at $214.12, up from yesterday’s close by -1.46%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Does this stock stack up well when compared to its peers in the space? Let’s take a look. Public Storage (PSA) currently trades with a market capitalization of $37.14B. That value represents a market adjusting for revenues that have been growing by 7.70% on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For PSA, the company currently has $57.21M of cash on the books, which is offset by $430.89M current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $1.39B over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of 2.63 on a per share basis this quarter. Perhaps, that suggests something about why 79.70% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how has been acting. Looking at the stock’s movement on the chart, Public Storage recorded a 52-week high of 277.60. It is now trading 60.3 off that level. The stock is trading 217.81 its 50-day moving average by 0.50999999999999. The stock carved out a 52-week low down at 200.65.

In recent action, Public Storage (PSA) has made a move of -0.50% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 35.41, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 148.34M with 3.65% sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of PSA.

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