On December 13, 2024, Nathaniel Vitan, Chief Legal Officer of Public Storage, sold 450 shares of Public Storage (PSA, Financial). Following this transaction, the insider now owns 2,364 shares of the company. The details of this transaction can be found in the SEC Filing.
Public Storage is a real estate investment trust that primarily acquires, develops, owns, and operates self-storage facilities. The company is one of the largest self-storage service providers in the United States.
Over the past year, Nathaniel Vitan has sold a total of 1,250 shares and has not purchased any shares. The insider transaction history for Public Storage indicates that there has been 1 insider buy and 3 insider sells over the past year.
On the day of the recent sale, shares of Public Storage were trading at $317.99, giving the stock a market cap of $55,673.089 million. The company's price-earnings ratio is 33.00, which is higher than the industry median of 15.64 and also higher than the company’s historical median price-earnings ratio.
With a price of $317.99 and a GuruFocus Value of $330.16, Public Storage has a price-to-GF-Value ratio of 0.96, indicating that the stock is fairly valued based on its GF Value. The GF Value is an intrinsic value estimate developed by GuruFocus, calculated based on historical multiples, a GuruFocus adjustment factor, and future estimates of business performance from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
