Public Storage [NYSE: PSA] traded at a high on Tuesday, posting a 0.66 gain after which it closed the day’ session at $300.80.
The results of the trading session contributed to over 296323 shares changing hands. Over the past one week, the price volatility of Public Storage stands at 3.43% while the volatility over the past one month is 2.25%.
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The market cap for PSA stock reached $52.73 billion, with 175.11 million shares outstanding and 157.29 million shares in the current float. Compared to the average trading volume of 745.98K shares, PSA reached a trading volume of 296323 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Public Storage [PSA]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PSA shares is $350.47 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PSA stock is a recommendation set at 2.29. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
RBC Capital Mkts have made an estimate for Public Storage shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on September 10, 2024. The new note on the price target was released on August 05, 2024, representing the official price target for Public Storage stock. Previously, the target price had yet another raise to $306, while Truist analysts kept a Hold rating on PSA stock. On April 05, 2024, analysts increased their price target for PSA shares from 280 to 310.
The Average True Range (ATR) for Public Storage is set at 7.54, with the Price to Sales ratio for PSA stock in the period of the last 12 months amounting to 11.27. The Price to Book ratio for the last quarter was 10.02, with the Price to Cash per share for the same quarter was set at 3.42. Price to Free Cash Flow for PSA in the course of the last twelve months was 19.40.
How has PSA stock performed recently?
Public Storage [PSA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.94. With this latest performance, PSA shares dropped by -10.84% in over the last four-week period, additionally plugging by 4.47% over the last 6 months – not to mention a rise of 1.03% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PSA stock in for the last two-week period is set at 33.13, with the RSI for the last a single of trading hit 31.57, and the three-weeks RSI is set at 35.40 for Public Storage [PSA]. The present Moving Average for the last 50 days of trading for this stock 331.16, while it was recorded at 297.27 for the last single week of trading, and 309.29 for the last 200 days.
Earnings analysis for Public Storage [PSA]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PSA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Public Storage go to 1.84%.
Insider trade positions for Public Storage [PSA]
There are presently around $83.36%, or 92.83%% of PSA stock, in the hands of institutional investors. The top three institutional holders of PSA stocks are: VANGUARD GROUP INC with ownership of 20.68 million shares, which is approximately 11.7683%. BLACKROCK INC., holding 15.77 million shares of the stock with an approximate value of $$4.54 billion in PSA stocks shares; and BLACKROCK INC., currently with $$2.97 billion in PSA stock with ownership which is approximately 5.8711%.
