Chief Legal Officer Nathaniel Vitan sold 400 shares of Public Storage (NYSE:PSA) on August 23, 2024, according to a recent SEC filing. Following this transaction, the insider now owns 2,814 shares of the company’s stock.
Public Storage (NYSE:PSA) specializes in the acquisition, development, ownership and operation of self-storage facilities. The company is one of the largest owners and operators of self-storage facilities in the United States.
Over the past year, Nathaniel Vitan has sold a total of 1,465 shares and made no purchases. Public Storage’s insider transaction history shows a trend with 1 insider purchase and 8 insider sales over the past year.
On the day of the last transaction, Public Storage shares were trading at $339.95, giving the company a market capitalization of $59.96 billion. The price-to-earnings ratio is 32.11, which is above both the industry median of 16.74 and the company’s historical median.
The GF Value of the stock is calculated at $331.69, which represents a Price to GF Value ratio of 1.02. This suggests that Public Storage is fairly valued based on its GF Value.
The GF value is derived from historical trading multiples such as price-to-earnings, price-to-sales, price-to-book and price-to-free cash flow and adjusted with a GuruFocus factor based on past earnings and growth as well as Morningstar analysts’ views on future business performance.
This insider sale may be of interest to current and prospective investors as it provides insight into insider confidence and stock valuation prospects.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
