L.A. Area’s Top Stock? Public Storage

The stock of self-storage company Public Storage (PSA), based in Glendale, has been ranked one of the top-performers in the state over a recent five-year period according to a report released Wednesday by financial technology firm SmartAsset. The rankings were based on the increase in stock price as well as the dividends paid and volatility of all publically-traded companies statewide from January 2011 through this March. Public Storage was rated sixth overall in the state and second among companies with a market value greater than $10 billion. Many of the top performing companies in the report are in the Silicon Valley area. Public Storage was the only company in the Los Angeles area to be featured. It posted an average annual return of about 25 percent, volatility of 19 percent and a stock performance index rating of 73 during the period. Public Storage shares on Wednesday closed up $2.89 or 1.3 percent to $225.83 on the New York Stock Exchange.