Public Storage (PSA)
311.90 USD +11.82 (+3.94%) Volume: 1.22M
Public Storage’s stock price surges to $311.90, marking a considerable trading session increase of +3.94% with a robust trading volume of 1.22M. With its year-to-date performance showing a promising growth of +2.26%, PSA continues to be a compelling choice for investors.
Latest developments on Public Storage
Public Storage has been making headlines recently with a mix of positive and negative news affecting its stock price. From earning a technical rating upgrade to beating Q2 FFO estimates but trimming guidance, the company has been on a rollercoaster ride. Despite outperforming competitors on a strong trading day, the stock has also underperformed on other occasions, leading to a downgrade in its rating. With news of declining move-in rents and a pivot towards self-storage facilities, investors are closely watching Public Storage‘s every move. Most recently, an arrest was made after two dead cats were found at one of the company’s facilities, adding to the mix of events impacting its stock price today.
A look at Public Storage Smart Scores
Factor | Score | Magnitude |
---|---|---|
Value | 2 | |
Dividend | 4 | |
Growth | 4 | |
Resilience | 3 | |
Momentum | 4 | |
OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Public Storage, a real estate investment trust, is showing a promising long-term outlook based on its Smartkarma Smart Scores. With above-average scores in Dividend, Growth, Resilience, and Momentum, the company is well-positioned for future success. While its Value score is not as high, the overall positive scores indicate a strong performance in key areas that investors look for.
Public Storage‘s focus on acquiring, developing, owning, and operating self-storage facilities in the US, along with its equity interest in European facilities, provides a diverse revenue stream. This, combined with its solid scores across important factors, suggests that the company is likely to continue its growth and maintain its position as a reliable investment option in the real estate sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
π‘ Before itβs here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- β Unlimited Research Summaries
- β Personalised Alerts
- β Custom Watchlists
- β Company Analytics and News
- β Events & Webinars