Public Storage
Change company Symbol lookup
Select an option...
PSA-M Public Storage
BDX Becton Dickinson and Co
GGN GAMCO Global Gold, Natural Resources & Income Trust
GUT Gabelli Utility Trust
CHD Church & Dwight Co Inc
CHY Calamos Convertible & High Income Fund
CHW Calamos Global Dynamic Income Fund
CCVIX Calamos Convertible Fund Class A
ETY Eaton Vance Tax-Managed Diversified Equity Income Fund
ETB Eaton Vance Tax-Managed Buy-Write Income Fund

Real Estate : Equity Real Estate Investment Trusts (REITs) | Large Cap Blend
Company profile

Public Storage is a real estate investment trust (REIT). The Company's principal business activities include the ownership and operation of self-storage facilities, which offer storage spaces for lease, generally on a month-to-month basis, for personal and business use, ancillary activities, such as merchandise sales and tenant reinsurance to the tenants at its self-storage facilities, as well as the acquisition and development of additional self-storage space. The Company's segments include Self-Storage Operations, Ancillary Operations, Investment in PS Business Parks, Inc. (PSB) and Investment in Shurgard Europe. As of December 31, 2016, the Company had direct and indirect equity interests in 2,348 self-storage facilities (with approximately 154 million net rentable square feet) located in 38 states in the United States operating under the Public Storage name.

This security is an American depositary receipt
ADR Fees
American Depositary Receipt (ADR) Fee

ADR fees charged by custodial banks normally average from 1 to 3 cents per share. Other country fees might apply. To read more, see the Exception Fees tab at Brokerage Fees

Closing Price
Day's Change
0.24 (0.96%)
B/A Size
Day's High
Day's Low
(Heavy Day)

10-day average volume:

UPDATE: Why stock market is on a 'highway to the danger zone,' according to CNBC's Cramer

8:36 am ET February 12, 2021 (MarketWatch)

By Mark DeCambre

'You wouldn't know it from the sedate action in the averages' Cramer says, adding that the stock market is on 'a highway to the danger zone.'

Investors are observing the U.S. stock market's assault on fresh record highs with a certain measure of unease--and perhaps for a good reason.

The pandemic is still at or near full-strength, although hope remains strong that effective vaccines will quell the spread. A hoped-for recovery in the second half of the year seems a ways away and Federal Reserve Chairman Jerome Powell said as much during a webcast talk hosted by the Economics Club of New York on Wednesday.

"Workers and households who struggle to find their place in the post-pandemic economy are likely to need continued support," Powell said ( "The same is true for many small businesses that are likely to prosper again once the pandemic is behind us."

Read: The stock market is echoing 2009-10 -- and that means a pullback could be near, analysts warn (

In other words, easy-money policies, with interest rates at or around 0%, will remain in force for the foreseeable future.

Set against the expectations of trillions of dollars of further government aid spending championed by the Biden administration, it is no wonder that pockets of euphoria amid superlow interest rates have materialized.

From special-purpose acquisition company, or SPACs, which have been the vehicle du jour to bring companies to public markets, to meme stocks represented by bricks-and-mortar businesses with a questionable future in the middle of the COVID health crisis like GameStop Corp (GME)., AMC Entertainment Holdings (AMC), signs of froth in the system appear to be prevalent.

That is perhaps whyJim Cramer, host of CNBC's "Mad Money," ( on his show on Wednesday described markets as on uncertain footing to say the least.

"You wouldn't know it from the sedate action in the averages" Cramer said, adding that the stock market is on "a highway to the danger zone."

He cautioned that investors should exercise a modicum of caution: "I am not saying sell everything. I am simply begging you to exercise some discipline and sell something because nobody ever got hurt taking a profit."

Cramer isn't alone. The appetite for stories on MarketWatch and our sister publication about potential market corrections ( and bubbles ( been ravenously consumed. And that is not out of some sort of schadenfreude, or a sense of reveling in the possibility of a downturn, but because there is so much angst around this rebound from a COVID-19 economic demolition with few modern day playbooks for the road to recovery.

A couple of weeks ago, the market was gripped with genuine fear that a downturn might be at hand, spurred by a collective uprising from individual investors and powered by social-media platforms Reddit and Discord, but the market has powered back after momentarily losing grip on year-to-date gains.

Now investors are piling into (and out of) pot stocks, at a furious pace, with stocks of companies like Tilray Inc. (TLRY), Aphria (APHA.T) and the exchange-traded fund ETFMG Alternative Harvest ETF (MJ) seeing violent shifts in momentum.

Amid that fervor, the Dow Jones Industrial Average is up 2.4% over the roughly 28 trading days of 2021, the S&P 500 index has gained nearly 4% and the Nasdaq Composite Index is enjoying an 8.5% year-to-date turn so far.

Cramer said that investors are getting too greedy. Perhaps, investors have been overeager.

However, CNN's fear and greed index is only a few points over neutral at 56, far from the extreme levels that tend to indicate that excess is building up in the system.

Thomas Lee of Fundstrat Global Advisors, told CNBC on Thursday, during the business networks "Halftime Report," said that he's not seeing signs of euphoria and, while pockets of excess are prevalent in "meme" trading trends and in pot stocks, they are not suggestive of inflated values throughout the system.

Analysts like Morgan Stanley's Michael Wilson said that he thinks the markets are fragile but may only see halting pullbacks of around 5% and Keith Lerner, chief market strategist at Truist Advisory Services, said that the market isn't giving itself enough credit for the solid earnings reports that have thus far been released for the fourth quarter.

"Although there are frothy segments of the market that are detached from fundamentals, we don't see bubble conditions more broadly," Lerner wrote in a research report dated Tuesday.

At the end of the day, maintaining a prudent investing stance is the best way to approach these or any markets.

Timing the market is tough task and it is impossible to know precisely when markets will fall into a danger zone a la Kenny Loggins:

And even if problems arise in the market, it is hard to know how long they will last and which areas will be the hardest hit. Such was the case with this pandemic, when markets blasted off their March 2020 lows and have yet to retrace significantly.

That may suggest that long-term, consistent investing is a road to riches rather than a highway to danger.

-Mark DeCambre; 415-439-6400;


(END) Dow Jones Newswires

February 12, 2021 08:36 ET (13:36 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2021 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2021. All rights reserved.