Public Storage (PSA) : During the past 4 weeks, traders have been relatively bearish on Public Storage (PSA), hence the stock is down -8.94% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -5.78% relative to the S&P 500. The 4-week change in the price of the stock is -5.88% and the stock has fallen -5.84% in the past 1 week.
The stock has recorded a 20-day Moving Average of 5.62% and the 50-Day Moving Average is 4.48%. Public Storage has dropped 1.67% during the last 3-month period . Year-to-Date the stock performance stands at -2.17%.
Public Storage (NYSE:PSA): stock turned positive on Friday. Though the stock opened at $238.51, the bulls momentum made the stock top out at $243.9376 level for the day. The stock recorded a low of $238.06 and closed the trading day at $238.92, in the green by 0.13%. The total traded volume for the day was 1,365,076. The stock had closed at $238.62 in the previous days trading.
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.