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PS Business Parks Stock Price, Forecast & Analysis (NYSE:PSB)

$172.77
-1.34 (-0.77 %)
(As of 11/22/2019 11:17 AM ET)
Today's Range
$172.22
Now: $172.77
$174.67
50-Day Range
$174.97
MA: $180.26
$184.75
52-Week Range
$125.52
Now: $172.77
$192.13
Volume2,830 shs
Average Volume85,666 shs
Market Capitalization$4.74 billion
P/E Ratio26.70
Dividend Yield2.38%
Beta0.42
PS Business Parks, Inc, a member of the S&P SmallCap 600, is a REIT that acquires, develops, owns and operates commercial properties, primarily multi-tenant industrial, flex and office space. As of December 31, 2018, the Company wholly owned 28.2 million rentable square feet with approximately 5,050 commercial customers in six states and held a 95.0% interest in a 395-unit apartment complex.

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryDiversified REITs
SectorFinance
CUSIP69360J10
Phone818-244-8080

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$413.52 million
Cash Flow$11.67 per share
Book Value$37.02 per share

Profitability

Net Income$226.70 million

Miscellaneous

Employees156
Market Cap$4.74 billion
Next Earnings Date2/19/2020 (Estimated)
OptionableOptionable

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PS Business Parks (NYSE:PSB) Frequently Asked Questions

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 announced a quarterly dividend on Tuesday, October 22nd. Stockholders of record on Friday, December 13th will be given a dividend of $1.05 per share on Monday, December 30th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Thursday, December 12th. View PS Business Parks' Dividend History.

How were PS Business Parks' earnings last quarter?

PS Business Parks Inc (NYSE:PSB) posted its quarterly earnings results on Tuesday, October, 22nd. The real estate investment trust reported $0.96 earnings per share (EPS) 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.

When is PS Business Parks' next earnings date?

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

What price target have analysts set for PSB?

1 brokerages have issued 1-year price targets for PS Business Parks' shares. Their forecasts range from $180.00 to $180.00. On average, they anticipate PS Business Parks' stock price to reach $180.00 in the next year. This suggests a possible upside of 4.0% from the stock's current price. View Analyst Price Targets for PS Business Parks.

What is the consensus analysts' recommendation 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.

Has PS Business Parks been receiving favorable news coverage?

Headlines about PSB stock have trended somewhat positive on Friday, InfoTrie reports. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog 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 daily sentiment score of 1.5 on InfoTrie's scale. They also assigned news articles about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for PS Business Parks.

Are investors shorting PS Business Parks?

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

Who are some of PS Business Parks' key competitors?

What other stocks do shareholders of PS Business Parks own?

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), Micron Technology (MU), UMB Financial (UMBF), Agree Realty (ADC), Och-Ziff Capital Management Group (OZM) and Ciner Resources (CINR).

Who are PS Business Parks' key executives?

PS Business Parks' management team includes the folowing people:
  • Ms. Maria R. Hawthorne, Pres, CEO & Director (Age 59)
  • Mr. Jeffrey D. Hedges, Exec. VP, CFO & Sec.
  • Mr. John W. Petersen, Exec. VP & COO (Age 55)
  • Mr. Trenton A. Groves, Sr. VP, Chief Accounting Officer & Assistant Sec.
  • Mr. Coby A. Holley, VP of Investments (Age 50)

Who are PS Business Parks' major shareholders?

PS Business Parks' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Chartwell Investment Partners LLC (0.40%), Rhumbline Advisers (0.28%), California Public Employees Retirement System (0.21%), New York State Teachers Retirement System (0.20%), Mackay Shields LLC (0.19%) and Chicago Equity Partners LLC (0.19%). Company insiders that own PS Business Parks stock include James H Kropp, Jennifer Holden Dunbar, John W Petersen, Joseph D Russell Jr, 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.

Which major investors are selling PS Business Parks stock?

PSB stock was sold by a variety of institutional investors in the last quarter, including First Quadrant L P CA, Congress Asset Management Co. MA, First Trust Advisors LP, Russell Investments Group Ltd., Rhumbline Advisers, Chartwell Investment Partners LLC, Mitsubishi UFJ Asset Management UK Ltd. and Chicago Equity Partners LLC. 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, Maria R Hawthorne, Ronald L Havner Jr and Trenton Groves. View Insider Buying and Selling for PS Business Parks.

Which major investors are buying PS Business Parks stock?

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

How do I buy shares of 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.

What is PS Business Parks' stock price today?

One share of PSB stock can currently be purchased for approximately $173.14.

How big of a company is PS Business Parks?

PS Business Parks has a market capitalization of $4.75 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.

What is PS Business Parks' official website?

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

How can I contact PS Business Parks?

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]


MarketBeat Community Rating for PS Business Parks (NYSE PSB)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  200 (Vote Outperform)
Underperform Votes:  221 (Vote Underperform)
Total Votes:  421
MarketBeat's community ratings are surveys of what our community members think about PS Business Parks and other stocks. Vote "Outperform" if you believe PSB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PSB will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/22/2019 by MarketBeat.com Staff

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