Shares of Public Storage (NYSE:PSA) Sees Large Outflow of Money

Public Storage (NYSE:PSA) During the most recent session, the shares traded at 0.17 points or 0.07% higher at $241.12. The money flow data is unimpressive with the net money flow value of $(-21.82) million. As per the intraday data, the upticks measured $38.12 million and the downticks measured $59.95 million. As a result, the up/down ratio registered a value of 0.64. The shares have seen -0.09% price change for the week.A block trade also made an entry with $0 million flowing in through upticks while $22.19 million flew out through downticks. The block tradeoff had the up/down ratio of 0. The net money flow for this big transaction was $(-22.19) million.


The stock has recorded a 20-day Moving Average of 3.01% and the 50-Day Moving Average is 5.21%. The company shares have rallied 29.07% in the past 52 Weeks. On April 13, 2016 The shares registered one year high of $277.6 and one year low was seen on July 1, 2015 at $182.08. The 50-day moving average is $253.72 and the 200 day moving average is recorded at $253.93. S&P 500 has rallied 1.93% during the last 52-weeks.

Public Storage (NYSE:PSA): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $242.36 and $241.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $243.40. The buying momentum continued till the end and the stock did not give up its gains. It closed at $241.12, notching a gain of 0.07% for the day. The total traded volume was 735,220 . The stock had closed at $240.95 on the previous day.

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 (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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.