NYSE:PSBPS Business Parks Stock Price, Forecast & News

PS Business Parks' stock was trading at $138.67 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PSB shares have decreased by 8.6% and is now trading at $126.81. 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) issued its quarterly earnings data on Wednesday, April, 29th. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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.

PS Business Parks declared a quarterly dividend on Wednesday, April 29th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend is Friday, June 12th. View PS Business Parks' dividend history.

3 analysts have issued 12-month price targets for PS Business Parks' stock. 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 twelve months. This suggests a possible upside of 17.8% from the stock's current price. View analysts' price targets for PS Business Parks.

News articles about PSB stock have trended somewhat negative this week, according to InfoTrie Sentiment. The research group identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. PS Business Parks earned a coverage optimism score of -1.4 on InfoTrie's scale. They also assigned press coverage about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutPS Business Parks.

PS Business Parks saw a drop in short interest in the month of April. As of April 30th, there was short interest totaling 308,500 shares, a drop of 25.2% from the April 15th total of 412,600 shares. Based on an average trading volume of 135,800 shares, the short-interest ratio is presently 2.3 days. Currently, 1.5% of the shares of the company are short sold. 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 many different retail and institutional 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.

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.

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.

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 $126.81.

PS Business Parks has a market capitalization of $3.48 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]