Large Outflow of Money Witnessed in Public Storage

Public Storage (PSA) : The total money flow in Public Storage (PSA) was negative ($24.74 million), showing the domination of sellers in the Friday trading session. The traders utilized every rise to sell their positions, as seen in the value of trading on downtick to the tune of $56.8 million. Transactions on upticks were comparatively lower at $32.06 million. The uptick to downtick ratio was 0.56. The total block trades on downticks were valued at $25.81 million. The money flow during block trades was negative ($25.81 million) when the stock traded with a gain of $209 cent. Public Storage (PSA) was $253.74, an increase of 0.83% over the previous days close.


Public Storage (PSA) : Currently there are 12 street experts covering Public Storage (PSA) stock. The most bullish and bearish price target for the stock is $289 and $224 respectively for the short term. The average price target of all the analysts comes to $254.38. The estimated standard deviation from the target is $21.4.

Public Storage (NYSE:PSA): stock turned positive on Friday. Though the stock opened at $251.77, the bulls momentum made the stock top out at $255.21 level for the day. The stock recorded a low of $251.125 and closed the trading day at $253.74, in the green by 0.83%. The total traded volume for the day was 636,839. The stock had closed at $251.65 in the previous days trading.

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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