The price-to-earnings ratio for Public Storage. (NYSE: PSA) is 23.51x, which is above its average ratio. Moreover, the 36-month beta value for PSA is 0.58. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 14 as “hold,” and 3 as “sell.”
The public float for PSA is 157.79M and currently, short sellers hold a 2.14% of that float. On May 02, 2024, PSA’s average trading volume was 719.54K shares.
PSA) stock’s latest price update
The stock price of Public Storage. (NYSE: PSA) has surged by 0.27 when compared to previous closing price of 259.45, but the company has seen a -0.77% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-01 that Public Storage’s (PSA) Q1 results reflect an improvement in the realized annual rent per occupied square foot, partly offset by a decline in occupancy.
PSA’s Market Performance
Public Storage. (PSA) has seen a -0.77% fall in stock performance for the week, with a -8.20% decline in the past month and a -8.14% plunge in the past quarter. The volatility ratio for the week is 2.08%, and the volatility levels for the past 30 days are at 2.04% for PSA. The simple moving average for the last 20 days is -3.34% for PSA stock, with a simple moving average of -5.69% for the last 200 days.
Analysts’ Opinion of PSA
Many brokerage firms have already submitted their reports for PSA stocks, with Wells Fargo repeating the rating for PSA by listing it as a “Overweight.” The predicted price for PSA in the upcoming period, according to Wells Fargo is $310 based on the research report published on April 05, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see PSA reach a price target of $330. The rating they have provided for PSA stocks is “Strong Buy” according to the report published on March 28th, 2024.
Barclays gave a rating of “Overweight” to PSA, setting the target price at $330 in the report published on March 27th of the current year.
PSA Trading at -6.32% from the 50-Day Moving Average
After a stumble in the market that brought PSA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.69% of loss for the given period.
Volatility was left at 2.04%, however, over the last 30 days, the volatility rate increased by 2.08%, as shares sank -7.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.44% lower at present.
During the last 5 trading sessions, PSA fell by -0.77%, which changed the moving average for the period of 200-days by -13.45% in comparison to the 20-day moving average, which settled at $268.13. In addition, Public Storage. saw -14.70% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PSA starting from Vitan Nathaniel A., who sale 265 shares at the price of $282.17 back on Dec 13 ’23. After this action, Vitan Nathaniel A. now owns 13,021 shares of Public Storage., valued at $74,775 using the latest closing price.
REYES JOHN, the Director of Public Storage., sale 53,275 shares at $272.97 during a trade that took place back on Dec 12 ’23, which means that REYES JOHN is holding 174,192 shares at $14,542,560 based on the most recent closing price.
Stock Fundamentals for PSA
Current profitability levels for the company are sitting at:
- 0.71 for the present operating margin
- 0.74 for the gross margin
The net margin for Public Storage. stands at 0.47. The total capital return value is set at 0.16. Equity return is now at value 21.39, with 11.50 for asset returns.
Based on Public Storage. (PSA), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at 0.35. The debt to equity ratio resting at 0.91. The interest coverage ratio of the stock is 13.9.
Currently, EBITDA for the company is 3.4 billion with net debt to EBITDA at 2.54. When we switch over and look at the enterprise to sales, we see a ratio of 11.9.
Conclusion
To wrap up, the performance of Public Storage. (PSA) has been bad in recent times. The stock has received a bearish of “sell” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
