Large Inflow of Money Detected in Public Storage

Public Storage (PSA) : Tuesdays money flow indicated an uptick to downtick ratio was at 1.3. The total value of inflow transactions on upticks was $44.79 million, whereas, the total value of outflow trades on downticks was $34.57 million. The total money flow was $10.22 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $9.72 million. The total value of the trades done on upticks was $9.72 million. Public Storage (PSA) was trading with a -0.87% change over previous days close. It fell $1.97 during the day and reached $223.77. The stock was -0.1% compared to the previous weeks close.


Also, In the latest statement by the brokerage house, Evercore ISI Group upgrades its outlook on Public Storage (NYSE:PSA). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Sell. The rating by the firm was issued on August 22, 2016.

Public Storage has lost 1.21% in the last five trading days and dropped 6.36% in the last 4 weeks. Public Storage has dropped 12.21% during the last 3-month period . Year-to-Date the stock performance stands at -8.38%.

Public Storage (NYSE:PSA): The stock opened at $225.94 on Tuesday but the bulls could not build on the opening and the stock topped out at $226.12 for the day. The stock traded down to $221.82 during the day, due to lack of any buying support eventually closed down at $223.77 with a loss of -0.87% for the day. The stock had closed at $225.74 on the previous day. The total traded volume was 729,690 shares.

In a related news, 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.

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