As of Friday close, Public Storage’s (NYSE:PSA) stock was up $1.06, moving up 0.39 percent to $273.44. The average number of shares traded per day over the past five days has been 701,460 shares. 1 time new highs have been achieved over the past 5 days, with a -$13.48 fall in that time frame. In the last twenty days, the average volume was 925,485, while in the previous 50 days, it was 872,358.
Since last month, PSA stock retreated -5.39%. Shares of the company fell to $270.50 on 08/18/23, the lowest level in the past month. A 52-week high of $357.12 was reached on 04/12/23 after having rallying from a 52-week low of $270.13. Since the beginning of this year, PSA’s stock price has dropped by -2.41% or -$6.75, and marked a new high 11 times. However, the stock has declined by -23.43% since its 52-week high.
PSA stock investors should be aware that Public Storage (PSA) stock had its last reported insider trading activity 250 days ago on Dec 12. RUSSELL JOSEPH D JR, the President and CEO of the company, purchased of 2,500 shares for $297.65 on Dec 12. It resulted in a $744,137 investment by the insider. GUSTAVSON TAMARA HUGHES sold 203 shares at an average price of $348.29 on Aug 22. The insider now owns 0 shares following the transaction. On Aug 19, Director GUSTAVSON TAMARA HUGHES sold 1,227 shares at $351.95 apiece. The transaction was valued at $431,993.
Valuation Metrics
Right now, Public Storage (PSA) has a P/E ratio of about 11.84. The stock’s beta is 0.47. Besides these, the trailing price-to-sales (P/S) ratio of 10.87, the price-to-book (PB) ratio of 8.40, and the price-to-cash flow ratio of 27.08 may also be considered.
The latest dividend of $3.00 per share was paid out, remained unchanged from last year’s $3.00. On Sunday February 5 2023, a $1.00 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.21, and the total debt-to-equity ratio was 1.21. On the profitability front, the trailing twelve-month gross margin is 74.80% percent. Based on annual data, PSA earned $2.13 billion in gross profit and brought in $4.18 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 33.80%. Return on equity (ROE) for the past 12 months was 71.40%.
In Public Storage’s quarter-end financial report for June 29, it reported total debt of $6.89 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PSA’s revenue rose 7.83% to $1.09 billion during the quarter, while net income inched up to $1.12 billion. While analysts expected Public Storage to report $2.91 quarterly earnings, the actual figure was $3 per share, beating the consensus estimate by 3.10%. During the quarter, the company generated $814.46 million in EBITDA. The value of shareholders’ equity is $175.83 million.
Technical Picture
This quick technical analysis looks at Public Storage’s (PSA) price momentum. With a historical volatility rate of 17.43%, the RSI 9-day stood at 34.84% on 18 August.
With respect to its five-day moving average, the current Public Storage price is down by -4.70% percent or -$13.48. At present, PSA shares trade -6.27% below its 20-day simple moving average and -4.51% percent below its 100-day simple moving average. However, the stock is currently trading approximately -6.31% below its SMA50 and -11.72% below its SMA200.
Stochastic coefficient K was 16.60% and Stochastic coefficient D was 23.48%, while ATR was 6.14. Given the Stochastic reading of 16.08% for the 14-day period, the RSI (14) reading has been calculated as 38.31%. As of today, the MACD Oscillator reading stands at -5.97, while the 14-day reading stands at -5.95.
Analyst Ratings
Public Storage (PSA) has been rated Overweight by analysts. According to 0 brokerage firms, PSA is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Public Storage stock as buy, with 7 recommending it as overweight.
With a median target price of $345.00, the current consensus forecast for the stock is $309.00 – $367.00. Based on these forecasts, analysts predict Public Storage (PSA) will achieve an average price target of $339.67.
