Today it was reported that the SVP, CLO & Corp Sec of Public Storage (PSA), Lily Yan Hughes, exercised options to sell 15,000 PSA shares at $197.90 a share, for a total transaction value of $3.18M.
Following Lily Yan Hughes’ last PSA Sell transaction on March 16, 2018, the stock climbed by 18.2%.
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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 $36.68B and the company has a P/E ratio of 28.40. Currently, Public Storage has an average volume of 1.62M.
Based on 3 analyst ratings, the analyst consensus is Moderate Sell with an average price target of $193.67, reflecting a -5.2% downside.
The insider sentiment on Public Storage has been positive according to 22 insider trades in the past three months. This sentiment is 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.
