Public Storage (NYSE:PSA) released its quarterly earnings data on Tuesday. The real estate investment trust reported $1.85 EPS for the quarter, hitting analysts’ consensus estimates of $1.85, MarketWatch Earnings reports. Public Storage had a return on equity of 30.37% and a net margin of 55.00%. During the same period in the prior year, the business posted $1.61 EPS.
Public Storage stock opened at $207.71 on Wednesday. The stock has a market capitalization of $34.99 billion, a PE ratio of 19.64, a PEG ratio of 3.95 and a beta of 0.19. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.29. Public Storage has a 12 month low of $180.48 and a 12 month high of $234.90.
In other news, CEO Ronald L. Havner, Jr. sold 100,000 shares of the stock in a transaction dated Thursday, August 30th. The stock was sold at an average price of $211.54, for a total value of $21,154,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 14.00% of the company’s stock.
About Public Storage
Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. The Company's headquarters are located in Glendale, California. At June 30, 2018, we had interests in 2,402 self-storage facilities located in 38 states with approximately 160 million net rentable square feet in the United States and 228 storage facilities located in seven Western European nations with approximately 12 million net rentable square feet operated under the ?Shurgard? brand.
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