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NYSE:PSB

PS Business Parks Stock Forecast, Price & News

$123.30
+0.06 (+0.05 %)
(As of 09/18/2020 12:00 AM ET)
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Compare
Today's Range
$121.63
Now: $123.30
$123.48
50-Day Range
$122.48
MA: $130.11
$141.12
52-Week Range
$102.48
Now: $123.30
$192.13
Volume11,623 shs
Average Volume129,641 shs
Market Capitalization$3.39 billion
P/E Ratio28.02
Dividend Yield3.41%
Beta0.35
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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PS Business Parks logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.7Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.62 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$10.27 per share
Book Value$37.07 per share

Profitability

Net Income$174.97 million

Miscellaneous

Employees156
Market Cap$3.39 billion
Next Earnings Date10/27/2020 (Estimated)
OptionableOptionable
$123.30
+0.06 (+0.05 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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PS Business Parks (NYSE:PSB) Frequently Asked Questions

How has PS Business Parks' stock price been impacted by Coronavirus?

PS Business Parks' stock was trading at $138.67 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PSB stock has decreased by 11.1% and is now trading at $123.30.
View which stocks have been most impacted by COVID-19
.

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, October 27th 2020.
View our earnings forecast for PS Business Parks
.

How were PS Business Parks' earnings last quarter?

PS Business Parks Inc (NYSE:PSB) announced its earnings results on Tuesday, August, 4th. The real estate investment trust reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.57 by $0.36. PS Business Parks had a net margin of 44.01% and a return on equity of 18.12%.
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 Tuesday, August 4th. Shareholders of record on Tuesday, September 15th will be given a dividend of $1.05 per share on Wednesday, September 30th. This represents a $4.20 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Monday, September 14th.
View PS Business Parks' dividend history
.

What price target have analysts set for PSB?

3 equities research analysts have issued 12 month price objectives for PS Business Parks' shares. Their forecasts range from $139.00 to $150.00. On average, they anticipate PS Business Parks' share price to reach $144.67 in the next year. This suggests a possible upside of 17.3% from the stock's current price.
View analysts' price targets for PS Business Parks
.

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 number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.62%), Goldman Sachs Group Inc. (2.48%), Nuveen Asset Management LLC (1.52%), Charles Schwab Investment Management Inc. (1.11%), Bank of New York Mellon Corp (1.03%) and APG Asset Management N.V. (0.75%). 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
.

Which institutional investors are selling PS Business Parks stock?

PSB stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, FMR LLC, Nuveen Asset Management LLC, Charles Schwab Investment Management Inc., WINTON GROUP Ltd, UBS Group AG, Bank of New York Mellon Corp, and First Quadrant L P CA. Company insiders that have sold PS Business Parks company stock in the last year include James H Kropp, 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 institutional investors are buying PS Business Parks stock?

PSB stock was bought by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Principal Financial Group Inc., Green Street Investors LLC, Vanguard Group Inc., Goldman Sachs Group Inc., Colony Capital Inc., Balyasny Asset Management LLC, and Cbre Clarion Securities LLC.
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 $123.30.

How big of a company is PS Business Parks?

PS Business Parks has a market capitalization of $3.39 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 9/21/2020 by MarketBeat.com Staff

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