Public Storage (PSA) is currently at $221.15, down $13.55 or 5.77%

-- Would be lowest close since April 29, 2019, when it closed at $217.19

-- On pace for largest percent decrease since Aug. 8, 2011, when it fell 7.47%

-- Earlier Wednesday, Stifel Nicolaus cut its price target on Public Storage to $266.00/share from $285.00/share, Benzinga reported

-- On Tuesday, Public Storage reported third-quarter net income allocable to our common shareholders was $337.4 million or $1.93 per diluted common share, compared to $322.7 million or $1.85 per diluted common share in 2018 representing an increase of $14.7 million or $0.08 per diluted common share

-- For the nine months ended September 30, 2019, net income allocable to our common shareholders was $945.5 million or $5.42 per diluted common share, compared to $958.8 million or $5.50 per diluted common share in 2018 representing a decrease of $13.3 million or $0.08 per diluted common share

-- Currently down three of the past four days

-- Down 9.83% month-to-date; on pace for worst month since April 2016, when it fell 11.25%

-- Up 9.26% year-to-date; on pace for best year since 2015, when it rose 34%

-- Up 7.63% from 52 weeks ago (Oct. 31, 2018), when it closed at $205.47

-- Traded as low as $220.11; lowest intraday level since April 30, 2019, when it hit $215.28

-- Down 6.22% at today's intraday low; largest intraday percent decrease since Aug. 2, 2018, when it fell as much as 7.55%

-- Fourth worst performer in the S&P 500 today

All data as of 10:50:03 AM

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

October 30, 2019 11:15 ET (15:15 GMT)

Public Storage (NYSE:PSA)
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Public Storage (NYSE:PSA)
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