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Public Storage (NYSE: PSA) – Is this large market cap stock undervalued?

Public Storage (NYSE: PSA), is firmly in the large market cap category with market cap of 37246.12. To be considered a large market cap stock companies have to be valued at more than $10 billion. The current price for Public Storage is 215.7 (with a change from open of 0.36%), this in conjunction with a target price of 241.33. Volume today has so far reached 320028, with an average volume of about 859.73. The GAP for this stock, is -0.01%.

The P/E ratio is 34, bringing the forward P/E to a value of 28.43. The current EPS for Public Storage, is 6.32, with a EPS growth for this year coming to a value of 15.70%. Performance has been interesting with performance year to date coming to -11.25%.

Looking further into the growth statistics for Public Storage, EPS is looking like it will grow 13.63% in the next year. Looking even further it is projected to be 8.30%. Quarter over quarter is 6.00% for EPS growth and for sales growth quarter over quarter it is 7.70%. Looking at past EPS growth statistics we see that for the past five years it has been 9.20%. Sales growth for the past five years has in fact been 7.90%.

Looking at the ownership, we see that the insider ownership is at 9.40% and institutional ownership is 79.20%. Shares outstanding is 173.27, while shares float is at a value of 148.29. Float short for Public Storage is 1.38% and the short ratio is 2.38.

In terms of debt, long term debt/equity is 0.18, while the total debt/equity comes to 0. The ability to meet these debts, means that the current ratio is , and the quick ratio is . The most recent gross margin is 73.80% and their operating margin is 53.30%. The profit margin is 44.40%.

Public Storage has seen returns on assets of 11.10%, and on investment, 22.70%. Return on equity is 21.60%. Price/Earnings to growth ratio is 4.1. Price/Sales ratio is at a value of 15.05, with Price/book ratio coming to 7.37 and Price/cash is 143.2, and finally Price/Free cash Flow is .

The simple moving averages are -7.17% and -11.89% for 20 day and 200 day simple moving average respectively. For the 52 week high and low the 52 week high is -21.07% and the 52 week low is 8.06%.

Public Storage has a dividend yield of 3.35%, with a current price of 215.7. The ability to pay this means the payout ratio is 108.60%. This is in an industry, REIT – Industrial, with equally high dividends from other companies in this sector, which it is Financial. Public Storage is based in USA.

Performance in the REIT – Industrial industry means that Public Storage has seen performance for the past week of -0.84%, with performance for the month coming to -4.89%. Looking at the data for the quarter it is at a value of -10.19%, and for the half year the performance is 5.99%. Volatility for this week is 1.37% and for the month this is 1.60%.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

About the author

Peter Clarke

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