Large Inflow of Money Detected in Public Storage

Public Storage (PSA) : Wednesdays money flow data in Public Storage (PSA) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $21.86 million, whereas, $19.5 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.12, in favor of the bulls. The total money flow into the stock was $2.36 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $0.1 million. The total value of block trades done on upticks was $0.1 million. Public Storage (PSA) fell $0.22 and traded at $251.92, down -0.09% for the day, over previous days close. On a weekly basis, the shares are 0.12% over the previous weeks close.


Also, In the latest statement by the brokerage house, KeyBanc downgrades its outlook on Public Storage (NYSE:PSA). The current rating of the shares is Underweight, according to the research report released by the firm. Previously, the company had a rating of Sector Weight. The rating by the firm was issued on July 15, 2016.

Public Storage (NYSE:PSA): The stock opened at $252.26 on Wednesday but the bulls could not build on the opening and the stock topped out at $252.47 for the day. The stock traded down to $250.77 during the day, due to lack of any buying support eventually closed down at $251.92 with a loss of -0.09% for the day. The stock had closed at $252.14 on the previous day. The total traded volume was 379,549 shares.

The stock has recorded a 20-day Moving Average of 0.02% and the 50-Day Moving Average is 0.09%. In a related news, Hughes B Wayne Jr, director 10% owner of Public Storage, executed a transaction worth $5,578,482 on June 8, 2016. A total of 22,100 shares were purchased at an average price of $252.42. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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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