PS Business Parks Stock Forecast, Price & News

PS Business Parks' stock was trading at $138.67 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, PSB shares have decreased by 0.7% and is now trading at $137.66.
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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. The consensus among Wall Street analysts is that investors should "sell" PS Business Parks stock.
View analyst ratings for PS Business Parks or view MarketBeat's top 5 stock picks.

Wall Street analysts have given PS Business Parks a "Sell" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but PS Business Parks wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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538 employees have rated PS Business Parks CEO Thomas Greco on Glassdoor.com. Thomas Greco has an approval rating of 63% among PS Business Parks' employees. This puts Thomas Greco in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

PS Business Parks is scheduled to release its next quarterly earnings announcement on Tuesday, February 16th 2021.
View our earnings forecast for PS Business Parks.

PS Business Parks, Inc. (NYSE:PSB) announced its quarterly earnings results on Wednesday, October, 28th. The real estate investment trust reported $1.11 EPS for the quarter, beating the Zacks' consensus estimate of $0.80 by $0.31. PS Business Parks had a net margin of 45.25% and a return on equity of 18.36%.
View PS Business Parks' earnings history.

PS Business Parks declared a quarterly dividend on Friday, October 30th. Stockholders of record on Tuesday, December 15th will be given a dividend of $1.05 per share on Wednesday, December 30th. This represents a $4.20 annualized dividend and a yield of 3.05%. The ex-dividend date is Monday, December 14th.
View PS Business Parks' dividend history.

PS Business Parks pays an annual dividend of $4.20 per share and currently has a dividend yield of 3.06%. The dividend payout ratio of PS Business Parks is 61.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PS Business Parks will have a dividend payout ratio of 62.59% next year. This indicates that PS Business Parks will be able to sustain or increase its dividend.
View PS Business Parks' dividend history.

3 brokers have issued twelve-month price objectives for PS Business Parks' shares. Their forecasts range from $112.00 to $150.00. On average, they anticipate PS Business Parks' stock price to reach $133.67 in the next twelve months. This suggests that the stock has a possible downside of 2.9%.
View analysts' price targets for PS Business Parks or view Wall Street analyst' top-rated stocks.

PS Business Parks saw a increase in short interest in the month of December. As of December 31st, there was short interest totaling 418,300 shares, an increase of 50.3% from the December 15th total of 278,400 shares. Based on an average daily volume of 123,100 shares, the days-to-cover ratio is currently 3.4 days. Approximately 2.1% of the shares of the company are short sold.
View PS Business Parks' Short Interest.

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 (IRET), Gladstone Commercial (GOOD), One Liberty Properties (OLP), Whitestone REIT (WSR) and Gyrodyne (GYRO).
View all of PSB's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other PS Business Parks investors own include Endologix (ELGX), (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 The 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 a variety of retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.03%), Horst & Graben Wealth Management LLC (0.01%) and Huntington National Bank (0.00%). Company insiders that own PS Business Parks stock include James H Kropp, Jennifer Holden Dunbar, John W Petersen, Joseph D Russell, Jr, Kristy Pipes, Ronald L Havner Jr 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 Huntington National Bank, and State of Alaska Department of Revenue. Company insiders that have sold PS Business Parks company stock in the last year include James H Kropp, and Joseph D Russell, Jr.
View insider buying and selling activity for PS Business Parks or view top insider-selling stocks.

PSB stock was purchased by a variety of institutional investors in the last quarter, including Horst & Graben Wealth Management LLC.
View insider buying and selling activity for PS Business Parks or or view top insider-buying stocks.

Shares of PSB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of PSB stock can currently be purchased for approximately $137.66.

PS Business Parks has a market capitalization of $3.78 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 155 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]