Public Storage Stock Lags Behind Competitors Despite Gains on Monday

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On Monday, Public Storage ($NYSE:PSA) stock underperformed its competitors in spite of making daily gains. This lagging performance comes as a surprise, as Public Storage has been one of the top performing storage companies on the market. Public Storage’s stock has been one of the most sought-after investments in the storage industry, and it has consistently outperformed its competitors over the past 10 years.

This could be due to a variety of factors, such as market sentiment or investor uncertainty. Whatever the cause, it will be interesting to see if Public Storage can make up the gap and continue to outperform its rivals in coming days.

Market Price

Public Storage, the second-largest self-storage company in the US, saw a minor gain in its stock price on Monday. It opened the trading day at $265.6 and closed at $269.3, up by 1.2% from its previous closing price of 266.0. Despite the small increase, the company’s stock has lagged behind its competitors in terms of performance in recent months. This underperformance can be attributed to a variety of factors such as weak earnings reports, global economic uncertainty, and a volatile real estate market.

As the company’s stock price has been unable to keep up with the overall market, it has been met with a decrease in investor confidence. As Public Storage continues to face headwinds in the months ahead, it remains to be seen whether the company can close the gap and improve its stock performance. Until then, investors may remain hesitant to invest in the company’s stock. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Public Storage. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Public Storage. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Public Storage. More…

Key Ratios Snapshot

Some of the financial key ratios for Public Storage are shown below. More…

Analysis

At GoodWhale, we conducted an analysis of PUBLIC STORAGE‘s fundamentals and found that the company has a high health score of 8 out of 10, indicating that it is capable to safely ride out any crisis without the risk of bankruptcy. We concluded that PUBLIC STORAGE is classified as a ‘cow’, indicating that it has a track record of paying out consistent and sustainable dividends. Investors interested in such companies may benefit from PUBLIC STORAGE’s strong assets, dividends, profitability, and medium growth. Moreover, these investors may also appreciate the company’s ability to weather challenging economic conditions due to its strong cashflows and debt. More…

Peers

Public Storage is a real estate investment trust that invests in self-storage facilities. The company was founded in 1972 and is headquartered in Glendale, California. Public Storage has over 2,200 locations in the United States and Europe. The company’s competitors include Life Storage Inc, Extra Space Storage Inc, and National Storage Affiliates Trust.

– Life Storage Inc ($NYSE:LSI)

Life Storage Inc is a US based self storage company. As of December 31, 2020, it operated 969 self storage facilities across the United States. The company has a market capitalization of $8.69 billion as of February 2021.

– Extra Space Storage Inc ($NYSE:EXR)

Extra Space Storage is a real estate investment trust that owns and operates self-storage properties across the United States. As of December 31, 2020, the company had 1,871 self-storage properties located in 40 states, Washington, D.C., and Puerto Rico. Extra Space Storage is the second largest self-storage company in the United States with a market cap of $22.22 billion as of February 2021.

– National Storage Affiliates Trust ($NYSE:NSA)

National Storage Affiliates Trust is a publicly traded real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the United States. As of December 31, 2020, the Company owned and operated 783 self storage properties located in 38 states with approximately 54.3 million rentable square feet.

Summary

Public Storage is a real estate investment trust (REIT) that owns and operates self-storage facilities in the United States. On Monday, it underperformed its competitors, ending the day slightly down despite most of the market making gains. Analysts note that the company has a large and diversified portfolio, providing a strong base for growth.

Despite some near-term challenges in the real estate market, investors should look at Public Storage’s long-term prospects, as they are likely to benefit from an economic upturn. It also pays a strong dividend, offering investors an attractive yield.