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NYSE:PSBPS Business Parks Stock Price, Forecast & News

$121.81
+1.02 (+0.84 %)
(As of 05/25/2020 10:11 AM ET)
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Today's Range
$119.46
Now: $121.81
$121.92
50-Day Range
$110.32
MA: $124.90
$141.59
52-Week Range
$102.48
Now: $121.81
$192.13
Volume143,424 shs
Average Volume123,409 shs
Market Capitalization$3.35 billion
P/E Ratio27.01
Dividend Yield3.45%
Beta0.44
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.7Community Rank: 2.4Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.97 out of 5 stars


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$429.85 million
Cash Flow$10.19 per share
Book Value$37.07 per share

Profitability

Net Income$174.97 million

Miscellaneous

Employees156
Market Cap$3.35 billion
Next Earnings Date7/28/2020 (Estimated)
OptionableOptionable

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PS Business Parks (NYSE:PSB) Frequently Asked Questions

How has PS Business Parks' stock been impacted by COVID-19 (Coronavirus)?

PS Business Parks' stock was trading at $138.67 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, PSB stock has decreased by 12.2% and is now trading at $121.81. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of PS Business Parks?

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.

When is PS Business Parks' next earnings date?

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.

How were PS Business Parks' earnings last quarter?

PS Business Parks Inc (NYSE:PSB) released 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 Thomson Reuters' consensus estimate of $0.93 by $0.58. The real estate investment trust had revenue of $106.22 million for 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.

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 29th. Shareholders of record on Monday, June 15th will be given a dividend of $1.05 per share on Tuesday, June 30th. This represents a $4.20 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend is Friday, June 12th. View PS Business Parks' dividend history.

What price target have analysts set for PSB?

3 Wall Street analysts have issued 1-year price objectives for PS Business Parks' stock. Their forecasts range from $128.00 to $175.00. On average, they anticipate PS Business Parks' stock price to reach $149.33 in the next year. This suggests a possible upside of 22.6% from the stock's current price. View analysts' price targets for PS Business Parks.

Has PS Business Parks been receiving favorable news coverage?

Headlines about PSB stock have trended somewhat positive recently, InfoTrie reports. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. PS Business Parks earned a coverage optimism score of 1.5 on InfoTrie's scale. They also gave news headlines about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutPS Business Parks.

Are investors shorting PS Business Parks?

PS Business Parks saw a decline in short interest in April. As of April 30th, there was short interest totaling 308,500 shares, a decline of 25.2% from the April 15th total of 412,600 shares. Based on an average trading volume of 135,800 shares, the days-to-cover ratio is presently 2.3 days. Approximately 1.5% of the company's shares 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), Agree Realty (ADC), Semtech (SMTC), UMB Financial (UMBF), Micron Technology (MU), Occidental Petroleum (OXY) and Charles Schwab (SCHW).

Who are PS Business Parks' key executives?

PS Business Parks' management team includes the following 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)

What is PS Business Parks' stock symbol?

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

Who are PS Business Parks' major shareholders?

PS Business Parks' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.30%), Wellington Management Group LLP (4.70%), State Street Corp (4.04%), Nuveen Asset Management LLC (2.21%), Geode Capital Management LLC (1.44%) and Invesco Ltd. (1.21%). Company insiders that own PS Business Parks stock include 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.

Which major investors are selling PS Business Parks stock?

PSB stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., UBS Group AG, WINTON GROUP Ltd, BlackRock Inc., Wells Fargo & Company MN, Invesco Ltd., Principal Financial Group Inc., and APG Asset Management N.V.. 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, and Ronald L Havner Jr. View insider buying and selling activity for PS Business Parks.

Which major investors are buying PS Business Parks stock?

PSB stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Centersquare Investment Management LLC, Echo Street Capital Management LLC, Balyasny Asset Management LLC, Ziegler Capital Management LLC, State Street Corp, HGI Capital Management LLC, and Deutsche Bank AG. View insider buying and selling activity 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 $121.81.

How big of a company is PS Business Parks?

PS Business Parks has a market capitalization of $3.35 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.

What is PS Business Parks' official website?

The official website for PS Business Parks is 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]

This page was last updated on 5/25/2020 by MarketBeat.com Staff

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