Public Storage (PSA): A brief note on last quarter


Public Storage (NYSE:PSA) changes shares on Friday trading session, with a change of -2.89% or -$5.68 shares. The trading starts at $198.81 and closed at $196.27 throughout the day. The trading session low price was $190.46 and day high was $198.81 on Friday, June 19. After the session, the Real Estate sector daily volume shifted to 3.62 million while its average volume is 1.17M. In other hand, the PSA market cap reached to $34.31B. While, its current target price is $190.59 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -2.99% and up 3.63% for month. Its quarterly performance was 11.31% above, while its half year performance is down -8.46%. PSA yearly performance stood at negative -21.40% and fall -10.50% for year-to-date. Current recommendation for Public Storage is 2.90.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. PSA EPS (TTM) for 12-month is 7.36. EPS for this year is -14.60%, while for the next year its value is 7.13. Sales growth for the current quarter is 1.52 while its EPS Q/Q reached 3.60%. It has an EPS of 6.80% up for past five years and for the next five years will be up 17.00%.

Let’s take a look on the analyst recommendations on PSA for the current month and previous month. For the current month, 3 of 15 analysts recommend stock as Buy while 2 as Sell, 0 as overweight, 0 as underweight and 10 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $159.00-$237.00. Average target price for PSA was reached at $198.00.

Vanguard Group, Inc. (The), Blackrock Inc. and State Street Corporation are the top three holders in Public Storage (PSA) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 20.41 million shares which valued 4.05 billion. On Mar 30, 2020, Blackrock Inc. owned 16.61 million shares which valued at 3.3 billion. On Mar 30, 2020, State Street Corporation has a total of 10.55 million shares which valued at 2.1 billion. In the end, State Street Corporation have 6.04% shares outstanding of Public Storage (PSA) on Mar 30, 2020. The insider ownership moved to 9.90% and institutional holding shifted to 82.10%.

The company posted an EPS (TTM) of 7.36. According to the most recent quarter report on (Jun 2020), 6 analysts estimated an average EPS of 1.59, while 1.76 EPS posted a year ago period. Analyst Estimated EPS for PSA published in the report was 1.34-1.83 during the same period. Comparing with last year, the average estimated EPS was 1.76 which is lower than 1.79 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for PSA fall -11.08% for period of 200 days. SMA for 50 days was -1.23% which is showing red signal, while SMA-20 was -4.66%. The moving average value for Public Storage (PSA) is 205.09 and 192.56 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in PSA stock. On Jun 16, Vitan Nathaniel A., Chief Legal Officer, sold 269 trading shares at the cost of $200.18, which valued at 53848.0. On May 07, REYES JOHN, Director, sold 53 shares at the cost of $183.51, with total shares of 0. On Mar 17, HARKHAM URI P, Director, sold 6,539 shares at the cost of 190.99. After this transaction, HARKHAM URI P total shares reached to 0 which valued at 1.25 million.