This story originally appeared on Zacks
General Storage (PSA) closed at $359.82 in the last trading session, which is a +1.1% move from the previous day. The move outpaced the S&P 500’s daily loss of 0.14%. Meanwhile, the Dow Jones lost 0.45%, and the tech-heavy Nasdaq lost 0.01%.
As of today, shares of the self-storage facility REIT are up 2.27% in the last month. At the same time, the financial sector rose 3.74%, while the S&P 500 lost 0.13%.
Wall Street will be looking for positivity from Public Storage as it approaches the date of the next earnings report. In this report, analysts expect Public Storage to report earnings of $3.42 per share. This represents an annual growth of 16.72%. Our latest consensus estimate calls for quarterly revenue of $906.18 million, an increase of 21.06% over the same period last year.
Investors may also note recent changes in analyst estimates for general storage. These reviews help show the ever-changing nature of near-term business trends. With this in mind, we can take the positive rating reviews as a sign of optimism about the company’s business outlook.
Our research shows that these discretionary changes are directly correlated with near-term stock prices. Investors can take advantage of this using Zacks Rank. This model takes into account these changes in grading and provides a simple and actionable rating system.
Ranging from #1 (strong buy) to #5 (strong sell), the Zacks Rank system has an impressive externally audited track record of outperformance, with the #1 stock generating +25% average annual return since 1988. The Zacks Rank has risen Zacks Consensus estimate EPS of 0.54% over the past month. Public Storage currently ranks Zacks #1 (strong buy).
Valuation is also important, so investors should note that General Storage has a forward P/E ratio of 24.62 at the moment. Its industry has an average forward P/E of 15.92, so one might conclude that general warehousing is trading at a relatively higher price.
We can also see that PSA currently has a PEG 3 ratio. This metric is used similarly to the popular P/E ratio, but the PEG ratio also takes into account the expected earnings growth rate for the stock. REIT and Equity Trust – Other stocks have, on average, a PEG ratio of 2.74 based on yesterday’s closing prices.
REIT and Equity Trust – Other industries are part of the finance sector. This group has a Zacks Industry Rating of 91, placing it in the top 36% of over 250 industries.
Zacks Industry Ranks are listed in order from best to worst in terms of the average Zacks rating of individual companies in each of these sectors. Our research shows that industries ranked 50% outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Public Warehousing (PSA): Free Stock Analysis Report
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