A Director at Public Storage is Exercising Options

Today it was reported that a Director at Public Storage (PSA), Gary E. Pruitt, exercised options to sell 5,000 PSA shares at $62.80 a share, for a total transaction value of $1.02M.

In addition to Gary E. Pruitt, one other PSA executive reported Sell trades in the last month.

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Based on Public Storage’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $706 million and quarterly net profit of $377 million. In comparison, last year the company earned revenue of $686 million and had a net profit of $355 million. PSA’s market cap is $35.41B and the company has a P/E ratio of 27.42. Currently, Public Storage has an average volume of 845.7K.

Based on 5 analyst ratings, the analyst consensus is Moderate Sell with an average price target of $193.00, reflecting a -5.9% downside.

In the last 30 days, insiders have sold $1.02M worth of PSA shares and purchased $116K worth of PSA shares. The insider sentiment on Public Storage has been positive according to 22 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Public Storage is a Maryland real estate investment trust, which engages in acquiring, developing, owning, and operating self-storage facilities. It operates through following business segments: Self-storage Operations, Ancillary Operations, Investment in PS Business Parks, and Investment in Shurgard Europe.