Shares of Public Storage (NYSE:PSA) Sees Large Inflow of Net Money Flow

Shares of Public Storage (NYSE:PSA) saw an erosion of -3.64 points in recent session. During the trading, the value of each share was $241.79, dropping -1.48%. The shares saw high fund-flow as the composite value of all the upticks was $132.85 million and the total value of all the downticks was a mere $111.92 million. The net money flow was seen at $20.93 million and the up/down ratio was measured at 1.19. On a weekly basis the shares of the shares have recorded a change of -7.1%.The block trade which occurred today had $32.23 million in upticks and $9.16 million in downticks with the up/down ratio climbing to 3.52. $23.08 million was the net money flow of the block transaction.


Currently the company Insiders own 14.2% of Public Storage shares according to the proxy statements. Institutional Investors own 86.56% of Public Storage shares. During last six month period, the net percent change held by insiders has seen a change of -6.47%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director 10% owner of Public Storage, Hughes B Wayne Jr, had purchased 22,100 shares in a transaction dated on June 8, 2016. The transaction was executed at $252.42 per share with total amount equaling $5,578,482.

Public Storage (NYSE:PSA) : On Monday heightened volatility was witnessed in Public Storage (NYSE:PSA) which led to swings in the share price. The stock opened for trading at $240.57 and hit $242.99 on the upside , eventually ending the session at $240.35, with a gain of 0.15% or 0.36 points. The heightened volatility saw the trading volume jump to 919,169 shares. The 52-week high of the share price is $277.6 and the company has a market cap of $41,672 million. The 52-week low of the share price is at $182.08 .

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Public Storage (NYSE:PSA). Citigroup has a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $260 per share from a prior target of $240. The rating by the firm was issued on May 13, 2016.

Public Storage (the Trust) is a real estate investment trust (REIT). The Trusts principal business activities include Domestic Self-Storage, European Self-Storage and Commercial. The Trust acquires, develops, owns and operates self-storage facilities, which offer storage spaces for lease, on a month-to-month basis, for personal and business use. It has direct and indirect equity interests in self-storage facilities in the United States operating under the Public Storage brand name. The Trust has an around 49% equity interest in Shurgard Self Storage Europe Limited (Shurgard Europe), which owns approximately 192 self-storage facilities (10 million net rentable square feet of space) located in seven countries in Western Europe operated under the Shurgard brand name. The Trust has an around 42% equity interest in PS Business Parks, Inc. (PSB), a publicly held REIT, which owns and operates around 28.6 million net rentable square feet of commercial space.

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