PS Business Parks Company Profile (NYSE:PSB)

About PS Business Parks (NYSE:PSB)

PS Business Parks logoPS Business Parks, Inc. is a self-advised and self-managed real estate investment trust (REIT). The Company owns, operates and develops commercial properties, primarily multi-tenant flex, office and industrial parks. It focuses on owning concentrated business parks. PS Business Parks, L.P. (the Operating Partnership) is a California limited partnership, which owns directly or indirectly substantially all of its assets and through, which the Company conducts substantially all of its business. PSB is the partner of the Operating Partnership and, as of December 31, 2016, owned 77.9% of the common partnership units. The remaining common partnership units are owned by Public Storage (PS). As of December 31, 2016, the Company owned and operated 28.1 million rentable square feet of commercial space, comprising 99 business parks, in the states, including California, Texas, Virginia, Florida, Maryland and Washington. It also manages 684,000 rentable square feet on behalf of PS.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: REIT - Diversified
  • Sub-Industry: Diversified REITs
  • Symbol: NYSE:PSB
  • CUSIP: 69360J10
  • Web:
  • Market Cap: $3.34 billion
  • Outstanding Shares: 27,186,000
Average Prices:
  • 50 Day Moving Avg: $120.89
  • 200 Day Moving Avg: $115.39
  • 52 Week Range: $97.14 - $125.81
  • Trailing P/E Ratio: 45.22
  • Foreward P/E Ratio: 36.29
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $391.61 million
  • Price / Sales: 8.54
  • Book Value: $27.10 per share
  • Price / Book: 4.54
  • Annual Dividend: $3.00
  • Dividend Yield: 2.8%
  • EBIDTA: $255.28 million
  • Net Margins: 32.48%
  • Return on Equity: 13.33%
  • Return on Assets: 5.98%
  • Debt-to-Equity Ratio: 0.06%
  • Current Ratio: 0.44%
  • Quick Ratio: 0.44%
  • Average Volume: 95,662 shs.
  • Beta: 0.58
  • Short Ratio: 5.29

Frequently Asked Questions for PS Business Parks (NYSE:PSB)

What is PS Business Parks' stock symbol?

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

How often does PS Business Parks pay dividends? What is the dividend yield for PS Business Parks?

PS Business Parks declared a quarterly dividend on Wednesday, April 26th. Stockholders of record on Wednesday, June 14th will be paid a dividend of $0.85 per share on Thursday, June 29th. This represents a $3.40 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Monday, June 12th. View PS Business Parks' Dividend History.

How were PS Business Parks' earnings last quarter?

PS Business Parks Inc (NYSE:PSB) released its quarterly earnings data on Tuesday, April, 25th. The company reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.11. The company had revenue of $100.19 million for the quarter, compared to the consensus estimate of $95.85 million. PS Business Parks had a net margin of 32.48% and a return on equity of 13.33%. During the same period in the prior year, the company earned $1.26 EPS. View PS Business Parks' Earnings History.

Where is PS Business Parks' stock going? Where will PS Business Parks' stock price be in 2017?

1 analysts have issued 1 year price objectives for PS Business Parks' stock. Their forecasts range from $107.00 to $107.00. On average, they anticipate PS Business Parks' stock price to reach $107.00 in the next year. View Analyst Ratings for PS Business Parks.

Who are some of PS Business Parks' key competitors?

Who owns PS Business Parks stock?

PS Business Parks' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.18%), Vanguard Group Inc. (12.06%), Wellington Management Group LLP (4.51%), State Street Corp (2.86%), Bank of New York Mellon Corp (2.59%) and Goldman Sachs Group Inc. (2.08%). Company insiders that own PS Business Parks stock include Edward A Stokx, James H Kropp, John W Petersen, Joseph D Russell Jr, Joseph D Russell, Jr, Maria R Hawthorne, Ronald L Havner Jr and Sara Grootwassink Lewis. View Institutional Ownership Trends for PS Business Parks.

Who sold PS Business Parks stock? Who is selling PS Business Parks stock?

PS Business Parks' stock was sold by a variety of institutional investors in the last quarter, including Westwood Holdings Group Inc., Bank of New York Mellon Corp, American Century Companies Inc., Morgan Stanley, Sei Investments Co., AQR Capital Management LLC, TIAA CREF Investment Management LLC and Teachers Advisors LLC. Company insiders that have sold PS Business Parks stock in the last year include Edward A Stokx, James H Kropp, John W Petersen, Joseph D Russell, Jr, Ronald L Havner Jr and Sara Grootwassink Lewis. View Insider Buying and Selling for PS Business Parks.

Who bought PS Business Parks stock? Who is buying PS Business Parks stock?

PS Business Parks' stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Vanguard Group Inc., Schwab Charles Investment Management Inc., Wellington Management Group LLP, State Street Corp, Bank of America Corp DE, Renaissance Technologies LLC and DUPONT CAPITAL MANAGEMENT Corp. View Insider Buying and Selling for PS Business Parks.

How do I buy PS Business Parks stock?

Shares of PS Business Parks can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of PS Business Parks stock cost?

One share of PS Business Parks stock can currently be purchased for approximately $123.02.

Analyst Ratings

Consensus Ratings for PS Business Parks (NYSE:PSB) (?)
Ratings Breakdown: 1 Sell Rating
Consensus Rating:Sell (Score: 1.00)
Consensus Price Target: $107.00 (13.02% downside)

Analysts' Ratings History for PS Business Parks (NYSE:PSB)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
12/13/2016Citigroup IncDowngradeNeutral -> Sell$107.00N/AView Rating Details
12/17/2015JPMorgan Chase & Co.DowngradeOverweight -> Neutral$93.00N/AView Rating Details
(Data available from 5/23/2015 forward)


Earnings History for PS Business Parks (NYSE:PSB)
Earnings by Quarter for PS Business Parks (NYSE:PSB)
Earnings History by Quarter for PS Business Parks (NYSE:PSB)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
4/25/2017Q1 2017$1.41$1.52$95.85 million$100.19 millionViewN/AView Earnings Details
2/21/2017Q416$0.32$1.39$96.12 million$97.70 millionViewN/AView Earnings Details
10/25/2016Q316$1.40$1.43$96.00 million$97.50 millionViewN/AView Earnings Details
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)


Earnings Estimates for PS Business Parks (NYSE:PSB)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q2 20171$1.52$1.52$1.52
Q3 20171$1.50$1.50$1.50
Q4 20171$1.54$1.54$1.54
(Data provided by Zacks Investment Research)


Current Dividend Information for PS Business Parks (NYSE:PSB)
Next Dividend:6/29/2017
Annual Dividend:$3.00
Dividend Yield:2.44%
Dividend Growth:19.50% (3 Year Average)
Payout Ratio:125.52% (Trailing 12 Months of Earnings)
83.57% (Based on This Year's Estimates)
88.50% (Based on Next Year's Estimates)
Track Record:3 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for PS Business Parks (NYSE:PSB)

Dividend History by Quarter for PS Business Parks (NYSE:PSB)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for PS Business Parks (NYSE:PSB)
Insider Ownership Percentage: 1.70%
Institutional Ownership Percentage: 72.66%
Insider Trades by Quarter for PS Business Parks (NYSE:PSB)
Institutional Ownership by Quarter for PS Business Parks (NYSE:PSB)
Insider Trades by Quarter for PS Business Parks (NYSE:PSB)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
5/11/2017John W. PetersenInsiderSell3,000$121.59$364,770.00View SEC Filing  
5/10/2017James H KroppDirectorSell1,768$124.23$219,638.64View SEC Filing  
5/9/2017Edward A. StokxCFOSell7,000$122.13$854,910.00View SEC Filing  
3/13/2017Joseph D. Russell, Jr.DirectorSell2,500$110.61$276,525.00View SEC Filing  
3/7/2017Ronald L Havner JrDirectorSell10,344$116.26$1,202,593.44View SEC Filing  
12/7/2016John W. PetersenCOOSell1,818$112.94$205,324.92View SEC Filing  
12/7/2016John W. PeterseninsiderSell2,118$112.80$238,910.40View SEC Filing  
12/7/2016Joseph D. Russell, Jr.DirectorSell2,000$112.95$225,900.00View SEC Filing  
12/6/2016John W. PetersenCOOSell300$112.00$33,600.00View SEC Filing  
11/30/2016John W. PetersenInsiderSell1,882$112.06$210,896.92View SEC Filing  
11/18/2016Edward A. StokxCFOSell6,000$108.63$651,780.00View SEC Filing  
11/7/2016Sara Grootwassink LewisDirectorSell4,137$106.93$442,369.41View SEC Filing  
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)


Headline Trends for PS Business Parks (NYSE:PSB)
Latest Headlines for PS Business Parks (NYSE:PSB)
DateHeadline logoShould You Add PS Business Parks (PSB) to Your Portfolio? - May 15 at 9:46 AM logoInsider Selling: PS Business Parks Inc (PSB) Insider Sells 3,000 Shares of Stock - May 12 at 7:41 PM logoPS Business Parks Inc (PSB) Director Sells $219,638.64 in Stock - May 11 at 8:04 PM logoZacks: PS Business Parks Inc (PSB) Receives Average Rating of "Hold" from Analysts - May 11 at 8:16 AM logoEdward A. Stokx Sells 7,000 Shares of PS Business Parks Inc (PSB) Stock - May 10 at 11:03 PM logoPS Business Parks (PSB) Progresses on Solid Portfolio Mix - May 10 at 11:26 AM logoPS Business Parks (PSB) Given Daily Media Sentiment Score of 0.24 - May 4 at 9:24 PM logoQ3 2017 Earnings Forecast for PS Business Parks Inc (PSB) Issued By KeyCorp - May 3 at 10:15 AM logoQ2 2017 Earnings Estimate for PS Business Parks Inc Issued By KeyCorp (PSB) - May 2 at 8:12 AM logoFavorable Media Coverage Likely to Impact PS Business Parks (PSB) Share Price - May 1 at 7:50 PM logoPS Business Parks (PSB) Given Media Impact Rating of 0.15 - April 28 at 10:36 PM logoEdited Transcript of PSB earnings conference call or presentation 26-Apr-17 5:00pm GMT - April 27 at 10:39 AM logoPS Business Parks Inc (PSB) Declares $0.85 Quarterly Dividend - April 26 at 6:44 PM logoPS Business Parks (PSB) Beats Q1 FFO & Revenue Estimates - April 26 at 5:55 PM logoPS Business Parks Inc (PSB) Releases Quarterly Earnings Results, Beats Estimates By $0.12 EPS - April 25 at 10:38 PM logoPS Business Parks, Inc. Reports Results for the Quarter Ended March 31, 2017 - April 25 at 6:28 PM logoPS Business Parks reports 1Q results - April 25 at 6:16 PM logoPS Business Parks beats by $0.12, beats on revenue - April 25 at 5:29 PM logoPS Business Parks (PSB) Getting Positive News Coverage, Report Shows - April 25 at 11:49 AM logoPositive Press Coverage Very Likely to Affect PS Business Parks (PSB) Share Price - April 21 at 9:54 PM logoZacks: PS Business Parks Inc (PSB) Given Average Recommendation of "Hold" by Analysts - April 17 at 10:32 PM logoPS Business Parks (PSB) Earns Media Sentiment Rating of 0.25 - April 17 at 8:46 PM logoPS Business Parks (PSB) Receiving Favorable Media Coverage, Study Shows - April 14 at 2:26 PM logoZacks: Brokerages Expect PS Business Parks Inc (PSB) Will Announce Quarterly Sales of $95.85 Million - April 14 at 12:14 PM logoAnalysts Set Expectations for PS Business Parks Inc's FY2017 Earnings (PSB) - April 14 at 11:58 AM logo Analysts Expect PS Business Parks Inc (PSB) Will Post Earnings of $1.40 Per Share - April 13 at 12:13 AM logoPS Business Parks Inc (PSB) Upgraded by Zacks Investment Research to "Buy" - April 7 at 7:49 PM logoPS Business Parks, Inc. to Release First Quarter 2017 Earnings and Host Quarterly Conference Call - April 7 at 12:05 PM logoPS Business Parks, Inc. : PSB-US: Dividend Analysis : March 15th, 2017 (record date) : By the numbers : April 6, 2017 - April 7 at 12:05 PM logoPS Business Parks (PSB) Down 2.3% Since Earnings Report: Can It Rebound? - March 29 at 8:59 AM logoBrokerages Anticipate PS Business Parks Inc (PSB) to Post $1.35 Earnings Per Share - March 28 at 11:47 AM logoPS Business (PSB) in Good Shape: Should You Hold the Stock? - March 27 at 9:36 AM logoPS Business Parks' Preferred Stock, Series T Shares Cross 6% Yield Mark - March 13 at 7:03 PM logoPS Business Parks goes ex-dividend on Monday - March 11 at 2:11 AM logoPS Business Parks Cumulative Preferred Stock, Series T Ex-Dividend Reminder - March 9 at 7:12 PM logoPS BUSINESS PARKS INC/CA Financials - March 2 at 7:29 PM logoPS Business Parks, Inc. to Present at the Citi 2017 Global Property CEO Conference - February 28 at 4:00 PM logoPS BUSINESS PARKS INC/CA Files SEC form 10-K, Annual Report - February 24 at 8:32 PM logoEdited Transcript of PSB earnings conference call or presentation 22-Feb-17 6:00pm GMT - February 23 at 8:51 AM logoPublic Storage Adds New Member to Board of Trustees - February 23 at 12:29 AM logoPS Business Parks, Inc. 2016 Q4 - Results - Earnings Call Slides - February 23 at 12:29 AM logoPS Business Parks, Inc. Reports Results for the Quarter Ended December 31, 2016 and Increases Quarterly Common Dividend by 13.3% to $0.85 Per Share - February 22 at 7:29 PM logoPS Business Parks, Inc. Reports Results for the Quarter Ended December 31 ... - February 22 at 9:26 AM logoPS Business Parks FFO in-line, beats on revenue - February 22 at 9:26 AM logoPS BUSINESS PARKS INC/CA Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and - February 22 at 9:25 AM logoQ4 2016 PS Business Parks Inc Earnings Release - After Market Close - February 21 at 5:30 PM logoPS Business Parks, Inc. to Release Fourth Quarter 2016 Earnings and Host Quarterly Conference Call - Business Wire (press release) - January 31 at 1:02 AM logoPS Business Parks, Inc. to Release Fourth Quarter 2016 Earnings and Host Quarterly Conference Call - January 30 at 8:01 PM logoPS Business Parks, Inc. Announces Tax Treatment of 2016 Dividends - January 18 at 12:44 AM logoPS BUSINESS PARKS INC/CA Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financi - January 11 at 8:02 PM


PS Business Parks (PSB) Chart for Tuesday, May, 23, 2017

This page was last updated on 5/23/2017 by Staff