NYSE:PSBPS Business Parks Stock Price, Forecast & News

PS Business Parks' stock was trading at $138.67 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, PSB stock has decreased by 3.9% and is now trading at $133.23. 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 results on Wednesday, April, 29th. The real estate investment trust reported $1.51 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.93 by $0.58. The real estate investment trust earned $106.22 million during 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. 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 dividend yield of 3.15%. The ex-dividend date of this dividend is Friday, June 12th. View PS Business Parks' dividend history.

3 equities research analysts have issued 12 month price targets for PS Business Parks' shares. Their forecasts range from $128.00 to $150.00. On average, they anticipate PS Business Parks' share price to reach $141.00 in the next year. This suggests a possible upside of 5.8% from the stock's current price. View analysts' price targets for PS Business Parks.

News headlines about PSB stock have trended neutral on Sunday, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. PS Business Parks earned a daily sentiment score of 0.5 on InfoTrie's scale. They also gave media coverage about the real estate investment trust a news buzz of 3.0 out of 10, indicating that recent press coverage is unlikely to have an effect on the company's share price in the near term. View the latest news about PS Business Parks.

PS Business Parks saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 364,700 shares, an increase of 13.1% from the May 31st total of 322,400 shares. Based on an average daily trading volume, of 152,100 shares, the days-to-cover ratio is currently 2.4 days. Currently, 1.8% of the shares of the company are sold short. 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."

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 $133.23.

PS Business Parks has a market capitalization of $3.66 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]