Shares of Public Storage (PSA) Sees Large Inflow of Net Money Flow

Public Storage (PSA) dropped -0.8% or -1.71 points to trade at $213.29 per share. As per the latest trading data available, the net money flow stood at $14.4 million as the shares received $44.79 million in upticks and gave away $30.4 million in downticks. The final up/down ratio was at 1.47. On a weekly basis, the stock has seen a change of -1.51%.During the course of the session, the shares witnessed a block trade with an up/down ratio of 0. $13.64 million was the inflow in upticks and $0 million was the outflow in downticks. For the block trade, the net money flow was $13.64 million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Public Storage has lost 2.57% in the last five trading days and dropped 4.57% in the last 4 weeks. Public Storage is up 0.72% in the last 3-month period. Year-to-Date the stock performance stands at -4.57%. Public Storage (NYSE:PSA) witnessed a decline in the market cap on Wednesday as its shares dropped 0.8% or 1.71 points. After the session commenced at $215.07, the stock reached the higher end at $216.495 while it hit a low of $212.5. With the volume soaring to 675,471 shares, the last trade was called at $213.29. The company has a 52-week high of $277.6. The company has a market cap of $36,993 million and there are 173,440,270 shares in outstanding. The 52-week low of the share price is $200.65.

Company has reported several Insider transactions to the SEC, on Dec 14, 2016, John Reyes (SENIOR VICE PRESIDENT / CFO) sold 50,000 shares at 215.42 per share price.On Nov 14, 2016, Tamara Hughes Gustavson (director 10% owner) purchased 69,763 shares at 215.13 per share price.On Jun 10, 2016, B Wayne Jr Hughes (director 10% owner) purchased 22,100 shares at 252.42 per share price.

Public Storage Last issued its quarterly earnings results on Oct 26, 2016. The company reported $2.53 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $2.52. The company had revenue of $663.15 million for the quarter, compared to analysts expectations of $613.81 million. The companys revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.33 EPS.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Public Storage was Downgraded by Robert W. Baird on Jan 5, 2017 to Neutral, Lowers Price Target to $ 235 from a previous price target of $248 .

Public Storage, Inc. is a fully integrated, self-administered and self-managed real estate investment trust that primarily acquires, develops, owns and operates self-storage facilities. The Companys headquarters is located in Glendale, California. Public Storage is Americas premier storage company. Over the past three decades, the company has shown consistent growth in the number of properties owned, as well as in the range of services provided.

Public

Share this post

Leave a Reply