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

$168.23
-1.74 (-1.02 %)
(As of 02/19/2020 03:08 PM ET)
Today's Range
$165.70
Now: $168.23
$170.86
50-Day Range
$163.56
MA: $168.82
$171.78
52-Week Range
$143.34
Now: $168.23
$192.13
Volume60,121 shs
Average Volume72,694 shs
Market Capitalization$4.62 billion
P/E Ratio40.93
Dividend Yield2.46%
Beta0.42
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$11.76 per share
Book Value$37.43 per share

Profitability

Net Income$226.70 million

Miscellaneous

Employees156
Market Cap$4.62 billion
Next Earnings Date5/5/2020 (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, October 22nd. Investors of record on Friday, December 13th will be given a dividend of $1.05 per share on Monday, December 30th. This represents a $4.20 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Thursday, December 12th. View PS Business Parks' Dividend History.

How were PS Business Parks' earnings last quarter?

PS Business Parks Inc (NYSE:PSB) issued its quarterly earnings results on Tuesday, October, 22nd. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.15. The real estate investment trust earned $108.06 million during the quarter, compared to analysts' expectations of $106.77 million. PS Business Parks had a net margin of 35.61% and a return on equity of 14.96%. 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, May 5th 2020. View Earnings Estimates for PS Business Parks.

What price target have analysts set for PSB?

3 brokerages have issued 1-year price targets for PS Business Parks' stock. Their forecasts range from $145.00 to $180.00. On average, they expect PS Business Parks' stock price to reach $166.67 in the next twelve months. This suggests that the stock has a possible downside of 0.4%. View Analyst Price Targets for PS Business Parks.

What is the consensus analysts' recommendation for 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.

Has PS Business Parks been receiving favorable news coverage?

Media stories about PSB stock have been trending very negative this week, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. PS Business Parks earned a news sentiment score of -3.1 on InfoTrie's scale. They also assigned press coverage about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the next few days. View News Stories for PS Business Parks.

Are investors shorting PS Business Parks?

PS Business Parks saw a drop in short interest during the month of January. As of January 15th, there was short interest totalling 285,900 shares, a drop of 15.9% from the December 31st total of 340,100 shares. Based on an average daily volume of 90,200 shares, the short-interest ratio is presently 3.2 days. Approximately 1.4% of the shares of the company are sold short. 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), UMB Financial (UMBF), Agree Realty (ADC), Micron Technology (MU), Insperity (NSP) and Occidental Petroleum (OXY).

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 many different of retail and institutional investors. Top institutional shareholders include State Street Corp (3.92%), Goldman Sachs Group Inc. (2.34%), Charles Schwab Investment Management Inc. (1.68%), Bank of New York Mellon Corp (1.07%), FMR LLC (1.03%) and Panagora Asset Management Inc. (0.49%). Company insiders that own PS Business Parks stock include James H Kropp, 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.

Which institutional investors are selling PS Business Parks stock?

PSB stock was sold by a variety of institutional investors in the last quarter, including Rothschild & Co. Asset Management US Inc., State Street Corp, Chicago Equity Partners LLC, FMR LLC, Mackay Shields LLC, Goldman Sachs Group Inc., Sei Investments Co. and Stifel Financial Corp. 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, 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 bought by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Man Group plc, Echo Street Capital Management LLC, UBS Group AG, Thrivent Financial for Lutherans, KBC Group NV, Schroder Investment Management Group and Bank of America Corp DE. 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, Robinhood, Fidelity and Charles Schwab.

What is PS Business Parks' stock price today?

One share of PSB stock can currently be purchased for approximately $167.32.

How big of a company is PS Business Parks?

PS Business Parks has a market capitalization of $4.59 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:  213 (Vote Outperform)
Underperform Votes:  239 (Vote Underperform)
Total Votes:  452
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 2/19/2020 by MarketBeat.com Staff

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