NYSE:PSB - PS Business Parks Stock Price, News & Analysis

$174.96
-4.52 (-2.52 %)
(As of 08/23/2019 04:00 PM ET)
Today's Range
$174.64
Now: $174.96
$180.11
50-Day Range
$168.77
MA: $174.63
$179.92
52-Week Range
$120.21
Now: $174.96
$180.11
Volume71,619 shs
Average Volume119,071 shs
Market Capitalization$4.80 billion
P/E Ratio27.04
Dividend Yield2.36%
Beta0.45
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.

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$413.52 million
Cash Flow$11.7108 per share
Book Value$37.09 per share

Profitability

Net Income$226.70 million

Miscellaneous

Employees156
Market Cap$4.80 billion
Next Earnings Date10/22/2019 (Estimated)
OptionableOptionable

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PS Business Parks (NYSE:PSB) Frequently Asked Questions

What is PS Business Parks' stock symbol?

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

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 Tuesday, July 23rd. Stockholders of record on Thursday, September 12th will be given a dividend of $1.05 per share on Friday, September 27th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend is Wednesday, September 11th. View PS Business Parks' Dividend History.

How were PS Business Parks' earnings last quarter?

PS Business Parks Inc (NYSE:PSB) posted its earnings results on Tuesday, July, 23rd. The real estate investment trust reported $1.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.68 by $0.64. The real estate investment trust earned $107.78 million during the quarter, compared to analysts' expectations of $105.10 million. PS Business Parks had a return on equity of 14.84% and a net margin of 35.70%. View PS Business Parks' Earnings History.

When is PS Business Parks' next earnings date?

PS Business Parks is scheduled to release their next quarterly earnings announcement on Tuesday, October 22nd 2019. View Earnings Estimates for PS Business Parks.

What price target have analysts set for PSB?

1 brokers have issued 12 month price targets for PS Business Parks' stock. Their predictions range from $133.00 to $133.00. On average, they anticipate PS Business Parks' share price to reach $133.00 in the next year. This suggests that the stock has a possible downside of 24.0%. View Analyst Price Targets for PS Business Parks.

What is the consensus analysts' recommendation for PS Business Parks?

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

Has PS Business Parks been receiving favorable news coverage?

Headlines about PSB stock have been trending positive on Saturday, according to InfoTrie. The research group scores the sentiment of press coverage by monitoring 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 closest to five being the most favorable. PS Business Parks earned a news sentiment score of 2.5 on InfoTrie's scale. They also gave news headlines about the real estate investment trust a news buzz of 6.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the company's share price in the near future. View News Stories for PS Business Parks.

Are investors shorting PS Business Parks?

PS Business Parks saw a increase in short interest in July. As of July 31st, there was short interest totalling 432,200 shares, an increase of 8.3% from the June 30th total of 399,100 shares. Based on an average daily trading volume, of 119,300 shares, the days-to-cover ratio is currently 3.6 days. Approximately 2.2% 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), Semtech (SMTC), Micron Technology (MU), UMB Financial (UMBF), Agree Realty (ADC), Och-Ziff Capital Management Group (OZM) and Ciner Resources (CINR).

Who are PS Business Parks' key executives?

PS Business Parks' management team includes the folowing 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)

Who are PS Business Parks' major shareholders?

PS Business Parks' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.32%), BlackRock Inc. (10.75%), BlackRock Inc. (10.75%), Price T Rowe Associates Inc. MD (7.92%), Northern Trust Corp (2.03%) and Charles Schwab Investment Management Inc. (1.42%). Company insiders that own PS Business Parks stock include James H Kropp, Jennifer Holden Dunbar, John W Petersen, Joseph D Russell Jr, Joseph D Russell, Jr, Maria R Hawthorne, Robert S Rollo, Ronald L Havner Jr, Sara Grootwassink Lewis 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 BlackRock Inc., BlackRock Inc., TD Asset Management Inc., Renaissance Technologies LLC, Vanguard Group Inc., Panagora Asset Management Inc., Prudential Financial Inc. and BNP Paribas Arbitrage SA. Company insiders that have sold PS Business Parks company stock in the last year include John W Petersen, Joseph D Russell, Jr, Maria R Hawthorne, Ronald L Havner Jr and Trenton Groves. View Insider Buying and Selling for PS Business Parks.

Which institutional 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, Invesco Ltd., APG Asset Management N.V., Northern Trust Corp, WINTON GROUP Ltd, Charles Schwab Investment Management Inc., Retirement Systems of Alabama and Phocas Financial Corp.. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is PS Business Parks' stock price today?

One share of PSB stock can currently be purchased for approximately $174.96.

How big of a company is PS Business Parks?

PS Business Parks has a market capitalization of $4.80 billion and generates $413.52 million in revenue each year. The real estate investment trust earns $226.70 million in net income (profit) each year or $6.47 on an earnings per share basis. PS Business Parks employs 156 workers across the globe.View Additional Information About PS Business Parks.

What is PS Business Parks' official website?

The official website for PS Business Parks is http://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]


MarketBeat Community Rating for PS Business Parks (NYSE PSB)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  185 (Vote Outperform)
Underperform Votes:  208 (Vote Underperform)
Total Votes:  393
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.
This page was last updated on 8/24/2019 by MarketBeat.com Staff

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