NYSE:PSBPS Business Parks Stock Price, Forecast & News

PS Business Parks' stock was trading at $138.67 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PSB stock has decreased by 5.2% and is now trading at $131.50. View which stocks have been most impacted by Coronavirus.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PS Business Parks in the last year. There are currently 2 sell ratings and 1 hold rating for the stock, resulting in a consensus recommendation of "Sell." View analyst ratings for PS Business Parks.

PS Business Parks is scheduled to release its next quarterly earnings announcement on Tuesday, July 28th 2020. View our earnings forecast for PS Business Parks.

PS Business Parks Inc (NYSE:PSB) announced its quarterly earnings results on Wednesday, April, 29th. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.58. The real estate investment trust earned $106.22 million during the quarter. PS Business Parks had a return on equity of 18.56% and a net margin of 44.22%. View PS Business Parks' earnings history.

PS Business Parks declared a quarterly dividend on Wednesday, April 29th. Shareholders of record on Monday, June 15th will be paid a dividend of $1.05 per share on Tuesday, June 30th. This represents a $4.20 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Friday, June 12th. View PS Business Parks' dividend history.

3 Wall Street analysts have issued 1-year target prices for PS Business Parks' shares. Their forecasts range from $128.00 to $150.00. On average, they anticipate PS Business Parks' share price to reach $141.00 in the next twelve months. This suggests a possible upside of 7.2% from the stock's current price. View analysts' price targets for PS Business Parks.

Press coverage about PSB stock has been trending negative on Friday, according to InfoTrie Sentiment. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. PS Business Parks earned a coverage optimism score of -2.4 on InfoTrie's scale. They also assigned news articles about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future. View the latest news about PS Business Parks.

PS Business Parks saw a decline in short interest in the month of June. As of June 30th, there was short interest totaling 316,700 shares, a decline of 13.2% from the June 15th total of 364,700 shares. Based on an average daily trading volume, of 140,500 shares, the short-interest ratio is currently 2.3 days. Currently, 1.6% 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), Cousins Properties (CUZ), Spirit Realty Capital (SRC), Lexington Realty Trust (LXP), Washington Real Estate Investment Trust (WRE), American Assets Trust (AAT), Investors Real Estate Trust Reit (IRET), Gladstone Commercial (GOOD), One Liberty Properties (OLP), Whitestone REIT (WSR) and Gyrodyne (GYRO). View all competitors.

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), Agree Realty (ADC), Semtech (SMTC), UMB Financial (UMBF), Micron Technology (MU), Occidental Petroleum (OXY) and Charles Schwab (SCHW).

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

PS Business Parks' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.03%). Company insiders that own PS Business Parks stock include James H Kropp, Jennifer Holden Dunbar, John W Petersen, Joseph D Russell, Jr, Kristy Pipes, Maria R Hawthorne, Ronald L Havner Jr and Trenton Groves. View institutional ownership trends for PS Business Parks.

PSB stock was acquired by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. View insider buying and selling activity 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 $131.50.

PS Business Parks has a market capitalization of $3.61 billion and generates $429.85 million in revenue each year. The real estate investment trust earns $174.97 million in net income (profit) each year or $6.78 on an earnings per share basis. PS Business Parks employs 156 workers across the globe.

The official website for PS Business Parks is 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]