NYSE:PSBPS Business Parks Stock Price, Forecast & News

$132.65

+2.17 (+1.66 %)

(As of 05/28/2020 04:00 PM ET)

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Today's Range

$130.85

Now: $132.65▼

$133.16

50-Day Range

$110.32

MA: $125.06▼

$141.59

52-Week Range

$102.48

Now: $132.65▼

$192.13

Volume157,700 shs

Average Volume129,670 shs

Market Capitalization$3.65 billion

P/E Ratio29.41

Dividend Yield3.22%

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.

Beat the Market (BTM) Rank^™

1.7 Analyst's Opinion

Consensus Rating
PS Business Parks has received a consensus rating of Sell. The company's average rating score is 1.33, and is based on no buy ratings, 1 hold rating, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $149.33, PS Business Parks has a potential upside of 12.6% from its current price of $132.65.
Amount of Analyst Coverage
PS Business Parks has only been the subject of 1 research reports in the past 90 days.

2.4 Community Rank

Outperform Votes
PS Business Parks has received 222 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
PS Business Parks has received 248 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
PS Business Parks has received 52.77% “underperform” votes from our community.

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.

4.2 Dividend Strength

Dividend Leadership
PS Business Parks is a leading dividend payer. It pays a dividend yield of 3.22%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
PS Business Parks has been increasing its dividend for 6 years.
Dividend Coverage
The dividend payout ratio of PS Business Parks is 61.95 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, PS Business Parks will have a dividend payout ratio of 63.06 % next year. This indicates that PS Business Parks will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PS Business Parks insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.44% of the stock of PS Business Parks is held by insiders.
Percentage Held by Institutions
71.71% of the stock of PS Business Parks is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for PS Business Parks are expected to grow by 1.52% in the coming year, from $6.56 to $6.66 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of PS Business Parks is 29.41, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.95.
Price to Earnings Ratio vs. Sector
The P/E ratio of PS Business Parks is 29.41, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 19.27.
Price to Book Value per Share Ratio
PS Business Parks has a P/B Ratio of 3.54. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.97 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Real estate investment trusts

Sub-IndustryDiversified REITs

SectorFinance

Current SymbolNYSE:PSB

Previous Symbol

CUSIP69360J10

CIK866368

Webwww.psbusinessparks.com

Phone818-244-8080

Debt

Debt-to-Equity RatioN/A

Current Ratio1.58

Quick Ratio1.58

Price-To-Earnings

Trailing P/E Ratio29.41

Forward P/E Ratio20.22

P/E GrowthN/A

Sales & Book Value

Annual Sales$429.85 million

Price / Sales8.48

Cash Flow$10.65 per share

Price / Cash Flow12.45

Book Value$37.51 per share

Price / Book3.54

Profitability

EPS (Most Recent Fiscal Year)$6.78

Net Income$174.97 million

Net Margins44.22%

Return on Equity18.56%

Return on Assets9.15%

Miscellaneous

Employees156

Outstanding Shares27,479,000

Market Cap$3.65 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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PSB shares have decreased by 4.3% and is now trading at $132.65. 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) posted its quarterly earnings data on Wednesday, April, 29th. The real estate investment trust reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.58. The real estate investment trust earned $106.22 million during the quarter. PS Business Parks had a net margin of 44.22% and a return on equity of 18.56%. 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 announced a quarterly dividend on Wednesday, April 29th. Stockholders 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 3.17%. The ex-dividend date is Friday, June 12th. View PS Business Parks' dividend history.

What price target have analysts set for PSB?

3 brokerages have issued 1-year price targets for PS Business Parks' shares. Their forecasts range from $128.00 to $175.00. On average, they anticipate PS Business Parks' share price to reach $149.33 in the next year. This suggests a possible upside of 12.6% from the stock's current price. View analysts' price targets for PS Business Parks.

Has PS Business Parks been receiving favorable news coverage?

Press coverage about PSB stock has been trending extremely positive on Thursday, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. PS Business Parks earned a media sentiment score of 4.7 on InfoTrie's scale. They also gave media stories about the real estate investment trust a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an impact on the stock'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 decrease in short interest in April. As of April 30th, there was short interest totaling 308,500 shares, a decrease of 25.2% from the April 15th total of 412,600 shares. Based on an average daily volume of 135,800 shares, the short-interest ratio is currently 2.3 days. Currently, 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?

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.

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 many different institutional and retail investors. Top institutional shareholders 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 bought 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 $132.65.

How big of a company is PS Business Parks?

PS Business Parks has a market capitalization of $3.65 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 5/28/2020 by MarketBeat.com Staff