NYSE:PSB - PS Business Parks Stock Price, Forecast & News

PS Business Parks trades on the New York Stock Exchange (NYSE) under the ticker symbol "PSB."

PS Business Parks announced a quarterly dividend on Tuesday, October 22nd. Stockholders of record on Friday, December 13th will be paid a dividend of $1.05 per share on Monday, December 30th. This represents a $4.20 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, December 12th. View PS Business Parks' Dividend History.

PS Business Parks Inc (NYSE:PSB) announced its earnings results on Tuesday, October, 22nd. The real estate investment trust reported $0.96 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.81 by $0.15. The real estate investment trust earned $108.06 million during the quarter, compared to analyst estimates of $106.77 million. PS Business Parks had a return on equity of 14.96% and a net margin of 35.61%. View PS Business Parks' Earnings History.

PS Business Parks is scheduled to release their next quarterly earnings announcement on Wednesday, February 19th 2020. View Earnings Estimates for PS Business Parks.

1 brokers have issued twelve-month price objectives for PS Business Parks' stock. Their forecasts range from $180.00 to $180.00. On average, they expect PS Business Parks' stock price to reach $180.00 in the next twelve months. This suggests a possible upside of 2.8% from the stock's current price. View Analyst Price Targets for PS Business Parks.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PS Business Parks in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for PS Business Parks.

Media headlines about PSB stock have been trending somewhat positive this week, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. PS Business Parks earned a coverage optimism score of 1.3 on InfoTrie's scale. They also assigned media coverage about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for PS Business Parks.

PS Business Parks saw a drop in short interest during the month of October. As of October 15th, there was short interest totalling 353,500 shares, a drop of 16.7% from the September 15th total of 424,300 shares. Based on an average daily trading volume, of 107,500 shares, the days-to-cover ratio is currently 3.3 days. Currently, 1.8% of the company's stock are sold short. View PS Business Parks' Current Options Chain.

Some companies that are related to PS Business Parks include Duke Realty (DRE), Vornado Realty Trust (VNO), Liberty Property Trust (LPT), Cousins Properties (CUZ), Spirit Realty Capital (SRC), American Assets Trust (AAT), Lexington Realty Trust (LXP), Washington Real Estate Investment Trust (WRE), Investors Real Estate Trust Reit (IRET), Gladstone Commercial (GOOD), Whitestone REIT (WSR), One Liberty Properties (OLP), Gyrodyne (GYRO) and RAIT Financial Trust (RAS).

Based on aggregate information from My MarketBeat watchlists, some companies that other PS Business Parks investors own include Endologix (ELGX), Apache (APA), Aegean Marine Petroleum Network (ANW), Chipotle Mexican Grill (CMG), Semtech (SMTC), UMB Financial (UMBF), Agree Realty (ADC), Micron Technology (MU), Och-Ziff Capital Management Group (OZM) and Ciner Resources (CINR).

PS Business Parks' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include State Street Corp (4.26%), Chartwell Investment Partners LLC (0.40%), Rhumbline Advisers (0.28%), Stifel Financial Corp (0.27%), California Public Employees Retirement System (0.21%) and New York State Teachers Retirement System (0.20%). Company insiders that own PS Business Parks stock include James H Kropp, Jennifer Holden Dunbar, John W Petersen, Joseph D Russell, Jr, Maria R Hawthorne, Ronald L Havner Jr, Sara Grootwassink Lewis and Trenton Groves. View Institutional Ownership Trends for PS Business Parks.

PSB stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Stifel Financial Corp, First Quadrant L P CA, Congress Asset Management Co. MA, First Trust Advisors LP, Barclays PLC, Russell Investments Group Ltd. and Rhumbline Advisers. Company insiders that have sold PS Business Parks company stock in the last year include Jennifer Holden Dunbar, John W Petersen, Joseph D Russell, Jr, Ronald L Havner Jr and Trenton Groves. View Insider Buying and Selling for PS Business Parks.

PSB stock was bought by a variety of institutional investors in the last quarter, including Mackay Shields LLC, Man Group plc, Robeco Institutional Asset Management B.V., California Public Employees Retirement System, Voya Investment Management LLC, Nisa Investment Advisors LLC, Campbell & CO Investment Adviser LLC and Sumitomo Mitsui Trust Holdings Inc.. View Insider Buying and Selling for PS Business Parks.

Shares of PSB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of PSB stock can currently be purchased for approximately $175.11.

PS Business Parks has a market capitalization of $4.80 billion and generates $413.52 million in revenue each year. The real estate investment trust earns $226.70 million in net income (profit) each year or $6.47 on an earnings per share basis. PS Business Parks employs 156 workers across the globe.View Additional Information About PS Business Parks.

The official website for PS Business Parks is http://www.psbusinessparks.com/.

PS Business Parks' mailing address is 701 WESTERN AVE, GLENDALE CA, 91201. The real estate investment trust can be reached via phone at 818-244-8080 or via email at [email protected]