PS Business Parks Company Profile (NYSE:PSB)

About PS Business Parks

PS Business Parks logoPS Business Parks, Inc. (PSB) is a self-advised and self-managed real estate investment trust. The Company owns, operates, acquires and develops commercial properties, primarily multi-tenant flex, office and industrial parks. PS Business Parks, L.P. is a California limited partnership, which owns directly or indirectly all of its assets and through, which the Company conducts its businesses. It owns and operates around 28.6 million rentable square feet of commercial space, comprising around 103 business parks, concentrated primarily in states, such as California, Florida, Maryland, Texas, Virginia and Washington. It owns a range of properties, which include Charcot Business Park II, McNeil 1, Springlake Business Center II, Arapaho Business Park 9 and MICC - Center 23, among others. It owns around 15.1 million square feet of flex space and 8.8 million square feet of industrial space. The Company also manages around 1.1 million rentable square feet on behalf of Public Storage (PS).

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Diversified
  • Sub-Industry: Diversified REITs
  • Exchange: NYSE
  • Symbol: PSB
  • CUSIP: 69360J10
Key Metrics:
  • Previous Close: $109.89
  • 50 Day Moving Average: $110.08
  • 200 Day Moving Average: $101.33
  • Trailing P/E Ratio: 43.97
  • Foreward P/E Ratio: 19.42
  • P/E Growth: 4.13
  • Market Cap: $2.98B
  • Outstanding Shares: 27,084,000
  • Beta: 0.7
Additional Links:
Companies Related to PS Business Parks:

Analyst Ratings

Consensus Ratings for PS Business Parks (NYSE:PSB) (?)
Ratings Breakdown: 2 Hold Ratings
Consensus Rating:Hold (Score: 2.00)
Consensus Price Target: $100.00 (9.00% downside)

Analysts' Ratings History for PS Business Parks (NYSE:PSB)
Show:
DateFirmActionRatingPrice TargetDetails
7/7/2016Citigroup Inc.Boost Price TargetNeutral$93.00 -> $107.00View Rating Details
12/17/2015JPMorgan Chase & Co.DowngradeOverweight -> Neutral$93.00View Rating Details
12/2/2014Wells Fargo & Co.Initiated CoverageMarket PerformView Rating Details
(Data available from 8/25/2014 forward)

Earnings

Earnings History for PS Business Parks (NYSE:PSB)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/25/2016        
7/26/2016Q216$1.32$1.30$95.00 million$96.20 millionViewN/AView Earnings Details
4/26/2016Q116$1.25$1.26$95.00 million$95.80 millionViewN/AView Earnings Details
2/16/2016Q415$1.25$1.31$94.85 million$94.50 millionViewListenView Earnings Details
10/27/2015Q315$1.19$1.20$94.23 million$93.50 millionViewListenView Earnings Details
7/28/2015Q215$1.18$1.20$93.60 million$93.08 millionViewListenView Earnings Details
4/28/2015Q115$1.13$1.13$92.16 million$92.30 millionViewN/AView Earnings Details
2/18/2015Q414$1.17$1.21$93.30 million$91.59 millionViewN/AView Earnings Details
10/27/2014Q314$1.20$1.20$95.00 million$95.79 millionViewN/AView Earnings Details
7/30/2014Q214$1.22$1.26$92.00 million$94.20 millionViewN/AView Earnings Details
4/28/2014Q114$1.22$1.22$93.00 million$95.49 millionViewN/AView Earnings Details
2/18/2014Q413$1.21$1.26$89.72 millionViewN/AView Earnings Details
10/28/2013Q313$1.21$1.21$88.13 million$89.77 millionViewN/AView Earnings Details
7/29/2013Q213$1.21$1.19$87.89 million$87.93 millionViewN/AView Earnings Details
5/6/2013$1.21$1.20$88.00 million$88.28 millionViewN/AView Earnings Details
2/19/2013$1.18$1.20$87.62 million$89.38 millionViewN/AView Earnings Details
8/1/2012$1.08$1.18ViewN/AView Earnings Details
4/30/2012$1.03$1.17ViewN/AView Earnings Details
2/21/2012$1.05$1.13ViewN/AView Earnings Details
10/31/2011$1.07$1.12ViewN/AView Earnings Details
5/2/2011$1.32$1.09ViewN/AView Earnings Details
2/22/2011$1.00$0.99ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for PS Business Parks (NYSE:PSB)
Current Year EPS Consensus Estimate: $5.34 EPS
Next Year EPS Consensus Estimate: $5.66 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$1.24$1.24$1.24
Q2 20161$1.33$1.33$1.33
Q3 20161$1.37$1.37$1.37
Q4 20161$1.38$1.38$1.38
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for PS Business Parks (NYSE:PSB)
Annual Dividend:$3.00
Dividend Yield:2.73%
Payout Ratio:120.00% (Based on Trailing 12 Months of Earnings)
56.18% (Based on Current Year Consensus EPS Estimate)
53.00% (Based on Next Year Consensus EPS Estimate)
Dividend Growth:7.70% (3 Year Average)

Dividend History for PS Business Parks (NYSE:PSB)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/26/2016quarterly$0.752.71%9/12/20169/14/20169/29/2016
4/28/2016quarterly$0.753.1%6/13/20166/15/20166/30/2016
2/16/2016quarterly$0.753.26%3/14/20163/16/20163/31/2016
10/27/2015quarterly$0.602.78%12/11/201512/15/201512/30/2015
7/28/2015quarterly$0.603.13%9/11/20159/15/20159/30/2015
4/29/2015quarterly$0.502.57%6/11/20156/15/20156/30/2015
2/23/2015quarterly$0.502.38%3/12/20153/16/20153/31/2015
10/27/2014quarterly$0.5012/11/201412/15/201412/30/2014
8/1/2014quarterly$0.502.44%9/11/20149/15/20149/30/2014
4/28/2014quarterly$0.502.35%6/11/20146/13/20146/30/2014
2/18/2014quarterly$0.502.46%3/12/20143/14/20143/31/2014
10/28/2013quarterly$0.442.17%12/11/201312/13/201312/30/2013
7/29/2013quarterly$0.442.35%9/11/20139/13/20139/30/2013
5/7/2013quarterly$0.442.1%6/10/20136/12/20136/27/2013
2/20/2013quarterly$0.442.41%3/11/20133/13/20133/28/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for PS Business Parks (NYSE:PSB)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/19/2016Joseph D. Russell, Jr.DirectorSell2,000$108.45$216,900.00View SEC Filing  
8/15/2016Joseph D. Russell, Jr.DirectorSell3,000$109.74$329,220.00View SEC Filing  
8/3/2016James H KroppDirectorSell1,668$109.60$182,812.80View SEC Filing  
3/3/2016John W. PetersenCOOSell3,500$94.91$332,185.00View SEC Filing  
12/14/2015Joseph D Russell JrCEOSell1,000$85.24$85,240.00View SEC Filing  
12/11/2015Joseph D. Russell, Jr.CEOSell2,500$85.66$214,150.00View SEC Filing  
11/30/2015Joseph D. Russell, Jr.CEOSell4,130$88.51$365,546.30View SEC Filing  
11/24/2015Edward A. StokxCFOSell5,000$87.35$436,750.00View SEC Filing  
11/19/2015Edward A. StokxCFOSell3,030$86.34$261,610.20View SEC Filing  
11/18/2015Edward A. StokxCFOSell2,844$86.00$244,584.00View SEC Filing  
9/10/2015Joseph D. Russell, Jr.CEOSell2,756$73.63$202,924.28View SEC Filing  
9/9/2015Joseph D. Russell, Jr.CEOSell9,300$73.84$686,712.00View SEC Filing  
9/8/2015Maria R. HawthornePresidentSell23,550$74.02$1,743,171.00View SEC Filing  
8/13/2015James H KroppDirectorSell1,568$77.01$120,751.68View SEC Filing  
6/15/2015Joseph D Russell JrCEOSell1,400$72.18$101,052.00View SEC Filing  
6/12/2015John W PetersenCOOSell1,869$72.71$135,894.99View SEC Filing  
6/10/2015John W PetersenCOOSell3,131$72.88$228,187.28View SEC Filing  
6/2/2015Joseph D Russell JrCEOSell5,000$74.53$372,650.00View SEC Filing  
6/1/2015Joseph D Russell JrCEOSell7,000$74.65$522,550.00View SEC Filing  
5/18/2015Joseph D Russell JrCEOSell7,000$76.00$532,000.00View SEC Filing  
3/12/2015Joseph D Russell JrCEOSell8,000$79.37$634,960.00View SEC Filing  
3/11/2015Joseph D Russell JrCEOSell7,500$78.51$588,825.00View SEC Filing  
2/25/2015Peter SchultzDirectorBuy1,210$82.80$100,188.00View SEC Filing  
9/15/2014Sara Grootwassink LewisDirectorSell4,000$76.84$307,360.00View SEC Filing  
6/12/2014James H KroppDirectorSell1,500$83.94$125,910.00View SEC Filing  
3/14/2014Joseph Russell, Jr.CEOSell3,000$84.17$252,510.00View SEC Filing  
3/11/2014Joseph Russell, Jr.CEOSell5,000$84.62$423,100.00View SEC Filing  
3/7/2014Joseph Russell, Jr.CEOSell8,000$85.39$683,120.00View SEC Filing  
3/6/2014Joseph Russell, Jr.CEOSell6,273$86.12$540,230.76View SEC Filing  
3/3/2014John PetersenCOOSell13,000$83.65$1,087,450.00View SEC Filing  
12/3/2013Robert RolloDirectorBuy1,206$76.79$92,608.74View SEC Filing  
11/7/2013Storage Publicmajor shareholderBuy950,000$79.25$75,287,500.00View SEC Filing  
9/10/2013Joseph D Russell JrCEOSell10,000$72.58$725,800.00View SEC Filing  
9/10/2013Storage PublicMajor ShareholderBuy28,389$72.52$2,058,770.28View SEC Filing  
9/5/2013Storage PublicMajor ShareholderBuy22,057$71.55$1,578,178.35View SEC Filing  
9/4/2013Storage Publicmajor shareholderBuy66,898$72.59$4,856,125.82View SEC Filing  
8/27/2013Storage Publicmajor shareholderBuy65,159$74.47$4,852,390.73View SEC Filing  
8/23/2013Joseph Russell, Jr.CEOSell4,000$74.24$296,960.00View SEC Filing  
8/22/2013Storage Publicmajor shareholderBuy57,052$73.22$4,177,347.44View SEC Filing  
8/19/2013Storage Publicmajor shareholderBuy54,701$72.25$3,952,147.25View SEC Filing  
8/14/2013Storage Publicmajor shareholderBuy52,742$73.94$3,899,743.48View SEC Filing  
8/9/2013Storage Publicmajor shareholderBuy59,750$73.10$4,367,725.00View SEC Filing  
5/17/2013John W PetersenCOOSell4,000$85.25$341,000.00View SEC Filing  
5/17/2013Joseph D Russell JrCEOSell4,800$85.03$408,144.00View SEC Filing  
5/16/2013James H KroppDirectorSell1,500$85.46$128,190.00View SEC Filing  
5/15/2013Edward A StokxCFOSell6,000$84.99$509,940.00View SEC Filing  
5/14/2013Joseph D Russell JrCEOSell15,000$83.87$1,258,050.00View SEC Filing  
3/13/2013John W PetersenCOOSell8,000$75.45$603,600.00View SEC Filing  
9/6/2012Ronald L Havner JrDirectorBuy3,000$69.99$209,970.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for PS Business Parks (NYSE:PSB)
DateHeadline
News IconInsider Selling Ps Business Parks Inc Psb Director Sells 32922000 In Stock (NYSE:PSB)
gizpress.com - August 18 at 9:58 AM
capitalcube.com logoPSB Industries SA :PSB-FR: Earnings Analysis: For the six months ended June 30, 2016 : August 8, 2016 (NYSE:PSB)
www.capitalcube.com - August 8 at 11:39 AM
publicnow.com logo04.08.2016 - H1 financial results 2016 Download the PDF (NYSE:PSB)
www.publicnow.com - August 4 at 7:26 PM
finance.yahoo.com logoPS BUSINESS PARKS INC/CA Financials (NYSE:PSB)
finance.yahoo.com - August 4 at 7:26 PM
capitalcube.com logoPS Business Parks, Inc. :PSB-US: Earnings Analysis: Q2, 2016 By the Numbers : August 3, 2016 (NYSE:PSB)
www.capitalcube.com - August 3 at 7:17 PM
biz.yahoo.com logoPS BUSINESS PARKS INC/CA Files SEC form 10-Q, Quarterly Report (NYSE:PSB)
biz.yahoo.com - July 29 at 2:56 PM
nasdaq.com logoPublic Storage Posts Higher FFO (NYSE:PSB)
www.nasdaq.com - July 28 at 10:12 AM
News IconEarnings: On Assignment, Avery Dennison, PS Business Parks (NYSE:PSB)
sfvbj.com - July 27 at 7:21 PM
publicnow.com logoPublic Storage Reports Results for the Three and Six Months Ended June 30, 2016 (NYSE:PSB)
www.publicnow.com - July 27 at 6:48 PM
finance.yahoo.com logoPS Business Parks (PSB) Q2 FFO Beats: Shares Down Less Than 1% (NYSE:PSB)
finance.yahoo.com - July 27 at 4:03 PM
biz.yahoo.com logoPS BUSINESS PARKS INC/CA Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and (NYSE:PSB)
biz.yahoo.com - July 27 at 6:02 AM
sg.finance.yahoo.com logoPS Business Parks reports 2Q results (NYSE:PSB)
sg.finance.yahoo.com - July 26 at 6:43 PM
biz.yahoo.com logoQ2 2016 PS Business Parks Inc Earnings Release - After Market Close (NYSE:PSB)
biz.yahoo.com - July 26 at 7:07 AM
4-traders.com logoPublic Storage : Announces Pricing of 4.95% Cumulative Preferred Shares of Beneficial Interest, Series D (NYSE:PSB)
www.4-traders.com - July 14 at 10:33 AM
finance.yahoo.com logoPublic Storage Announces Pricing of 4.95% Cumulative Preferred Shares of Beneficial Interest, Series D (NYSE:PSB)
finance.yahoo.com - July 13 at 7:18 PM
4-traders.com logoPS Business Parks : GLENDALE, California — PS Business Parks, Inc. to Release Second Quarter 2016 Earnings and Host Quarterly Conference Call (NYSE:PSB)
www.4-traders.com - July 8 at 6:57 PM
publicnow.com logoGLENDALE, California — PS Business Parks, Inc. to Release Second Quarter 2016 Earnings and Host Quarterly Conference Call (NYSE:PSB)
www.publicnow.com - July 8 at 5:41 PM
finance.yahoo.com logoPS Business Parks, Inc. to Release Second Quarter 2016 Earnings and Host Quarterly Conference Call (NYSE:PSB)
finance.yahoo.com - July 8 at 5:03 PM
publicnow.com logoPublic Storage to Release Second Quarter 2016 Earnings Results and Host Quarterly Conference Call (NYSE:PSB)
www.publicnow.com - July 7 at 5:21 PM
breakingfinancenews.com logoPublic Storage (NYSE:PSA) target price maintained to $0 as disclosed today by FBR Capital (NYSE:PSB)
breakingfinancenews.com - June 25 at 10:40 AM
publicnow.com logoPublic Storage Announces Redemption of All Outstanding Depositary Shares Representing Interests in its 6.35% Cumulative Preferred Shares, Series R (NYSE:PSB)
www.publicnow.com - June 21 at 4:39 PM
biz.yahoo.com logoPS BUSINESS PARKS INC/CA Files SEC form 8-K, Change in Directors or Principal Officers (NYSE:PSB)
biz.yahoo.com - June 17 at 4:59 PM
publicnow.com logoGLENDALE, California — Public Storage and PS Business Parks, Inc. Announce Senior Management Changes (NYSE:PSB)
www.publicnow.com - June 17 at 4:59 PM
publicnow.com logoPublic Storage and PS Business Parks, Inc. Announce Senior Management Changes (NYSE:PSB)
www.publicnow.com - June 17 at 4:59 PM
nasdaq.com logoPS Business Parks Cumulative Preferred Stock, Series S Goes Ex-Dividend Soon (NYSE:PSB)
www.nasdaq.com - June 10 at 9:57 AM
finance.yahoo.com logoTroubled by Residential Real Estate? Buy These REITs Instead (NYSE:PSB)
finance.yahoo.com - June 8 at 8:54 AM
capitalcube.com logoPS Business Parks, Inc. breached its 50 day moving average in a Bearish Manner : PSB-US : June 1, 2016 (NYSE:PSB)
www.capitalcube.com - June 1 at 8:35 AM
publicnow.com logoGLENDALE, California — PS Business Parks, Inc. to Present at REITWeek 2016: NAREIT’s Investor Forum (NYSE:PSB)
www.publicnow.com - May 24 at 5:26 PM
finance.yahoo.com logoPS Business Parks, Inc. to Present at REITWeek 2016: NAREIT’s Investor Forum (NYSE:PSB)
finance.yahoo.com - May 24 at 5:03 PM
capitalcube.com logoPS Business Parks, Inc. breached its 50 day moving average in a Bearish Manner : PSB-US : May 20, 2016 (NYSE:PSB)
www.capitalcube.com - May 20 at 8:40 AM
fidaily.com logoBlackrock Fund Advisors Bought A Little More PS Business Parks, Inc. Common (PSB) Stock Last Quarter (NYSE:PSB)
www.fidaily.com - May 12 at 10:33 AM
nasdaq.com logoPS Business Parks' Preferred Stock, Series V Crosses Above 5.5% Yield Territory (NYSE:PSB)
www.nasdaq.com - May 5 at 10:00 AM
capitalcube.com logoPS Business Parks, Inc. breached its 50 day moving average in a Bullish Manner : PSB-US : May 5, 2016 (NYSE:PSB)
www.capitalcube.com - May 5 at 8:12 AM
capitalcube.com logoPS Business Parks, Inc. :PSB-US: Earnings Analysis: Q1, 2016 By the Numbers (NYSE:PSB)
www.capitalcube.com - April 28 at 12:13 PM
finance.yahoo.com logoEdited Transcript of PSB earnings conference call or presentation 27-Apr-16 5:00pm GMT (NYSE:PSB)
finance.yahoo.com - April 27 at 6:21 PM
finance.yahoo.com logoPS Business Parks (PSB) Q1 FFO Beats: Will Stock Gain? (NYSE:PSB)
finance.yahoo.com - April 27 at 11:06 AM
biz.yahoo.com logoPS BUSINESS PARKS INC/CA Files SEC form 8-K, Results of Operations and Financial Condition, Submission of Matters to (NYSE:PSB)
biz.yahoo.com - April 27 at 6:01 AM
sg.finance.yahoo.com logoPS Business Parks reports 1Q results (NYSE:PSB)
sg.finance.yahoo.com - April 26 at 6:31 PM
feeds.reuters.com logoBRIEF-PS Business Parks Quarterly FFO per share $1.26 (NYSE:PSB)
feeds.reuters.com - April 26 at 6:19 PM
publicnow.com logoGLENDALE, California — PS Business Parks, Inc. Reports Results for the Quarter Ended March 31, 2016 (NYSE:PSB)
www.publicnow.com - April 26 at 6:10 PM
finance.yahoo.com logoPS Business Parks, Inc. Reports Results for the Quarter Ended March 31, 2016 (NYSE:PSB)
finance.yahoo.com - April 26 at 5:26 PM
biz.yahoo.com logoQ1 2016 PS Business Parks Inc Earnings Release - After Market Close (NYSE:PSB)
biz.yahoo.com - April 26 at 7:07 AM
capitalcube.com logoPS Business Parks, Inc. breached its 50 day moving average in a Bearish Manner : PSB-US : April 22, 2016 (NYSE:PSB)
www.capitalcube.com - April 22 at 8:29 AM
publicnow.com logoEuropean Business Awards' breaking news (NYSE:PSB)
www.publicnow.com - April 13 at 2:51 PM
publicnow.com logo13.04.2016 - Q1 revenues 2016 Download the PDF (NYSE:PSB)
www.publicnow.com - April 13 at 8:14 AM
publicnow.com logoGLENDALE, California — PS Business Parks, Inc. to Release First Quarter 2016 Earnings and Host Quarterly Conference Call (NYSE:PSB)
www.publicnow.com - April 5 at 6:52 PM
finance.yahoo.com logoPS Business Parks, Inc. to Release First Quarter 2016 Earnings and Host Quarterly Conference Call (NYSE:PSB)
finance.yahoo.com - April 5 at 5:03 PM
nasdaq.com logoPS Business Parks To Participate In Citi Global Conference ; Webcast At 4:15 PM (NYSE:PSB)
www.nasdaq.com - March 15 at 12:39 PM
thestreet.com logoPS Business Parks (PSB) Showing Signs Of Being Strong And Under The Radar (NYSE:PSB)
www.thestreet.com - March 15 at 12:39 PM
thestreet.com logoNew Lifetime High Reached By PS Business Parks (PSB) (NYSE:PSB)
www.thestreet.com - March 12 at 2:29 PM

Social

PS Business Parks (NYSE:PSB) Chart for Thursday, August, 25, 2016


Last Updated on 8/25/2016 by MarketBeat.com Staff