Public Storage stock: buy or sell
Apr 16th, 2021
Public Storage stock brief
- After marking all-time highs on Thursday, Public Storage closed at $267.75 growing a 1.54%
- Truist Securities published a neutral rating for Public Storage on Wednesday, with a forecast of $269.00
- 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.
Should I buy Public Storage stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $PSA stock a buy?
Currently, Public Storage stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $PSA will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Public Storage stock?
Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies allow us to avoid impulsive decisions based on our personal sentiments or the noise surrounding the market. Our trading system selects very simple setups to guide us on when is a good time to sell our shares. Be aware that these setups should not be used for selling short $PSA stock
A guiding principle is that you should not mantain a trading operation that leads to higher than expected losses by the time of purchase. The moment to sell shares always has to be determined by the stop-loss (automatic or manual)
Is it time to sell Public Storage stock?
Currently, Public Storage stock doesn't match any of our preferred sell setups, so if you own Public Storage stock and your operation is in profit probably is not time to sell now
Public Storage ratings
In the last 30 days, 3 analyst ratings were published for Public Storage
|Mar 18th, 2021|
|Apr 13th, 2021|
|Apr 14th, 2021|
Public Storage stock analysis
Since the price bottomed at $210.47 last January, the stock gained by 27.22%.
$PSA at new All-time Highs
On Thursday, Public Storage hit new all-time highs (ATH) again at $268.26. Stock surged fast in the last 2 weeks, hiting new all-time highs 7 times
Supports and resistances
Price is at highs and there are not upper resistance levels.
The current supports are:
The price is moving very close to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a sell signal, as price can move in these levels for many days and weeks
Relative strength index
Climbed over the 70 level Thursday, with a value of 74.77. Contrary to what many investors may think, the fact that the value is above the level of 70 does not imply a sell signal, as stock price can rise during several weeks being in the overbought zone
Public Storage stock price history
Public Storage went public priced at an adjusted price1 of $2.74 on Nov 1980. Since then, PSA stock has risen by 9,671.90%, with an average of 241.80% per year. An investment of thousand dollars on Nov 1980 would have a value of $97,718.98 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Public Storage stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.
The following table shows the price target posted by financial institutions in the last 30 days. If you are a small investor you don't have to invest based on these price targets.
There are 3 price predictions released for Public Storage that average $256.33. That is a 4.27% than the last price ($267.75).
|Brokerage firm||Price target|
|Mar 18th, 2021|
|Morgan Stanley||$221.00 → $231.00|
|Apr 13th, 2021|
|Truist||$262.00 → $269.00|
|Apr 14th, 2021|
|Truist Securities||$262.00 → $269.00|
Earnings and financials
Investors event was hosted by Public Storage ($PSA) last February after presenting the financial report. Public Storage topped market estimates and presented of $2.93, that is a 51.03% improvement versus the forecasts of $1.94. Despite this, reported sales of $698.9 million were in line with analysts forecasts.Compared to the same quarter one year ago, EPS was $1.87, so posted EPS is a increase of 56.68%. Revenue inched a 6.28% on an annualized basis in the , from $7.3B to $7.8B last quarter.
Public Storage ($PSA) releases quarterly earnings report on April 29. Forecasted for this quarter is $1.77, compared to $2.93 that was reported for Q4.
Public Storage performance
|Public Storage ($PSA)||9.20%||20.10%||15.80%|
Important note:The thoughts expressed in this article are personal and not recommendations for you to buy or sell stocks. The author of this text does not know the particular positions of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are posted for informational motives only
Public Storage summary
|Thursday, April 15th, 2021|
|Day range||$264.96 - $268.26|
|Average true range||$5.40|
|50d mov avg||$240.46|
|100d mov avg||$231.19|
|200d mov avg||$220.26|
|Earnings date||April 29th, 2021|