About PS Business Parks (NYSE:PSB)

PS Business Parks, Inc., a member of the S&P SmallCap 600, is a real estate investment trust (?REIT?) that acquires, develops, owns and operates commercial properties, primarily multi-tenant flex, office and industrial space. The Company defines ?flex? space as buildings that are configured with a combination of office and warehouse space and can be designed to fit a number of uses (including office, assembly, showroom, laboratory, light manufacturing and warehouse space). As of December 31, 2017, the Company wholly owned 28.0 million rentable square feet with approximately 4,950 customers in six states and a 95.0% interest in a 395-unit apartment complex.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryDiversified REITs
SectorFinance
SymbolNYSE:PSB
CUSIP69360J10
Phone818-244-8080
Debt
Debt-to-Equity RatioN/A
Current Ratio1.86%
Quick Ratio1.86%
Price-To-Earnings
Trailing P/E Ratio18.62
Forward P/E Ratio18.61
P/E GrowthN/A
Sales & Book Value
Annual Sales$402.18 million
Price / Sales7.92
Cash Flow$6.8805 per share
Price / Cash16.99
Book Value$34.13 per share
Price / Book3.43
Profitability
EPS (Most Recent Fiscal Year)$6.13
Net Income$155.03 million
Net Margins43.04%
Return on Equity18.70%
Return on Assets8.42%
Miscellaneous
Employees158
Outstanding Shares27,250,000
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, April 24th. Investors of record on Wednesday, June 13th will be paid a dividend of $0.85 per share on Thursday, June 28th. This represents a $3.40 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Tuesday, June 12th. View PS Business Parks' Dividend History.
How were PS Business Parks' earnings last quarter?
PS Business Parks (NYSE:PSB) released its quarterly earnings results on Tuesday, April, 24th. The real estate investment trust reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.67 by $0.92. The real estate investment trust earned $103.75 million during the quarter, compared to analysts' expectations of $101.77 million. PS Business Parks had a net margin of 43.04% and a return on equity of 18.70%. The company's revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.97 earnings per share. View PS Business Parks' Earnings History.
What price target have analysts set for PSB?
3 brokers have issued 1-year target prices for PS Business Parks' stock. Their predictions range from $107.00 to $123.00. On average, they anticipate PS Business Parks' stock price to reach $115.00 in the next twelve months. View Analyst Ratings for PS Business Parks.
Who are some of PS Business Parks' key competitors?
Some companies that are related to PS Business Parks include Alexandria Real Estate Equities (ARE), Vornado Realty Trust (VNO), Annaly Capital Management (NLY), Extra Space Storage (EXR), Sino Land (SNLAY), HCP (HCP), Mid-America Apartment Communities (MAA), Iron Mountain (IRM), Regency Centers (REG), UDR (UDR), Duke Realty (DRE), SL Green Realty (SLG), Federal Realty Investment Trust (FRT), Macerich (MAC) and Camden Property Trust (CPT).
Who are PS Business Parks' key executives?
PS Business Parks' management team includes the folowing people:
- Ms. Maria R. Hawthorne, Pres, CEO, Interim CFO & Director (Age 58)
- Mr. John W. Petersen, Exec. VP & COO (Age 54)
- Mr. Trenton A. Groves, VP & Corp. Controller
- Ms. Robin E. Mather, VP of Bus. Devel. (Age 56)
- Mr. Stuart H. Hutchison, VP of Southern California & Pacific Northwest
Has PS Business Parks been receiving favorable news coverage?
Media stories about PSB stock have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. PS Business Parks earned a coverage optimism score of 0.04 on Accern's scale. They also gave headlines about the real estate investment trust an impact score of 45.34 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
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 $116.90.
How big of a company is PS Business Parks?
PS Business Parks has a market capitalization of $3.15 billion and generates $402.18 million in revenue each year. The real estate investment trust earns $155.03 million in net income (profit) each year or $6.13 on an earnings per share basis. PS Business Parks employs 158 workers across the globe.
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 (PSB)
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.
PS Business Parks (NYSE:PSB) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
3 Wall Street analysts have issued ratings and price targets for PS Business Parks in the last 12 months. Their average twelve-month price target is $115.00, suggesting that the stock has a possible downside of 1.63%. The high price target for PSB is $123.00 and the low price target for PSB is $107.00. There are currently 2 sell ratings and 1 hold rating for the stock, resulting in a consensus rating of "Sell."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
Consensus Rating: | Sell | Hold | Hold | Hold |
Consensus Rating Score: | 1.33 | 1.50 | 1.50 | 1.50 |
Ratings Breakdown: | 2 Sell Rating(s) 1 Hold Rating(s) 0 Buy Rating(s) 0 Strong Buy Rating(s) | 1 Sell Rating(s) 1 Hold Rating(s) 0 Buy Rating(s) 0 Strong Buy Rating(s) | 1 Sell Rating(s) 1 Hold Rating(s) 0 Buy Rating(s) 0 Strong Buy Rating(s) | 1 Sell Rating(s) 1 Hold Rating(s) 0 Buy Rating(s) 0 Strong Buy Rating(s) |
Consensus Price Target: | $115.00 | $123.00 | $135.00 | $107.00 |
Price Target Upside: | 1.63% downside | 8.85% upside | 5.80% upside | 19.35% downside |
PS Business Parks (NYSE:PSB) Consensus Price Target History

PS Business Parks (NYSE:PSB) Analyst Ratings History
Show:
Date | Brokerage | Action | Rating | Price Target | Impact on Share Price | Details |
---|
4/24/2018 | Citigroup | Lower Price Target | Sell -> Sell | $111.00 -> $107.00 | Low |  |
2/14/2018 | JPMorgan Chase | Lower Price Target | Underweight -> Underweight | $135.00 -> $123.00 | Medium |  |
8/25/2017 | KeyCorp | Reiterated Rating | Hold | | Low |  |
(Data available from 4/26/2016 forward)
PS Business Parks (NYSE:PSB) Dividend Information
PS Business Parks pays an annual dividend of $3.40 per share, with a dividend yield of 2.91%. PSB's next quarterly dividend payment will be made on Thursday, June 28. The company has grown its dividend for the last 4 consecutive years and is increasing its dividend by an average of 19.30% each year. PS Business Parks pays out 55.46% of its earnings out as a dividend.
Next Dividend: | 6/28/2018 |
Annual Dividend: | $3.40 |
Dividend Yield: | 2.91% |
Dividend Growth: | 19.30% (3 Year Average) |
Payout Ratio: | 55.46% (Trailing 12 Months of Earnings) 54.14% (Based on This Year's Estimates) 52.88% (Based on Next Year's Estimates)
|
Track Record: | 4 Years of Consecutive Dividend Growth |
Frequency: | Quarterly Dividend |
PS Business Parks (NYSE:PSB) Dividend History by Quarter
Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
---|
4/24/2018 | Quarterly | $0.85 | 2.99% | 6/12/2018 | 6/13/2018 | 6/28/2018 |
2/19/2018 | Quarterly | $0.85 | 3.06% | 3/13/2018 | 3/14/2018 | 3/29/2018 |
11/6/2017 | quarterly | $0.85 | 2.53% | 12/12/2017 | 12/13/2017 | 12/28/2017 |
7/26/2017 | quarterly | $0.85 | 2.59% | 9/12/2017 | 9/13/2017 | 9/28/2017 |
4/26/2017 | quarterly | $0.85 | 2.77% | 6/12/2017 | 6/14/2017 | 6/29/2017 |
2/21/2017 | quarterly | $0.85 | 2.95% | 3/13/2017 | 3/15/2017 | 3/30/2017 |
10/25/2016 | quarterly | $0.75 | 2.74% | 12/12/2016 | 12/14/2016 | 12/29/2016 |
7/26/2016 | quarterly | $0.75 | 2.71% | 9/12/2016 | 9/14/2016 | 9/29/2016 |
4/28/2016 | quarterly | $0.75 | 3.1% | 6/13/2016 | 6/15/2016 | 6/30/2016 |
2/16/2016 | quarterly | $0.75 | 3.26% | 3/14/2016 | 3/16/2016 | 3/31/2016 |
10/27/2015 | quarterly | $0.60 | 2.78% | 12/11/2015 | 12/15/2015 | 12/30/2015 |
7/28/2015 | quarterly | $0.60 | 3.13% | 9/11/2015 | 9/15/2015 | 9/30/2015 |
4/29/2015 | quarterly | $0.50 | 2.57% | 6/11/2015 | 6/15/2015 | 6/30/2015 |
2/23/2015 | quarterly | $0.50 | 2.38% | 3/12/2015 | 3/16/2015 | 3/31/2015 |
10/27/2014 | quarterly | $0.50 | | 12/11/2014 | 12/15/2014 | 12/30/2014 |
8/1/2014 | quarterly | $0.50 | 2.44% | 9/11/2014 | 9/15/2014 | 9/30/2014 |
4/28/2014 | quarterly | $0.50 | 2.35% | 6/11/2014 | 6/13/2014 | 6/30/2014 |
2/18/2014 | quarterly | $0.50 | 2.46% | 3/12/2014 | 3/14/2014 | 3/31/2014 |
10/28/2013 | quarterly | $0.44 | 2.17% | 12/11/2013 | 12/13/2013 | 12/30/2013 |
7/29/2013 | quarterly | $0.44 | 2.35% | 9/11/2013 | 9/13/2013 | 9/30/2013 |
5/7/2013 | quarterly | $0.44 | 2.1% | 6/10/2013 | 6/12/2013 | 6/27/2013 |
2/20/2013 | quarterly | $0.44 | 2.41% | 3/11/2013 | 3/13/2013 | 3/28/2013 |
(Data available from 1/1/2013 forward)
PS Business Parks (NYSE PSB) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.63%
Institutional Ownership Percentage: 71.45%
PS Business Parks (NYSE PSB) Insider Trading History
Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
---|
3/6/2018 | John W. Petersen | Insider | Sell | 5,104 | $111.67 | $569,963.68 | | |
12/15/2017 | Joseph D. Russell, Jr. | Director | Sell | 800 | $128.52 | $102,816.00 | | |
12/4/2017 | Joseph D Russell Jr | Director | Sell | 2,500 | $131.50 | $328,750.00 | | |
11/21/2017 | Ronald L Havner Jr | Director | Sell | 4,000 | $136.61 | $546,440.00 | | |
11/13/2017 | Robert S Rollo | Director | Sell | 2,070 | $135.19 | $279,843.30 | | |
9/14/2017 | Joseph D. Russell, Jr. | Director | Sell | 800 | $133.00 | $106,400.00 | | |
9/13/2017 | Sara Grootwassink Lewis | Director | Sell | 5,137 | $134.03 | $688,512.11 | 4,377 | |
9/11/2017 | Robert S Rollo | Director | Sell | 8,613 | $136.24 | $1,173,435.12 | 7,515 | |
8/31/2017 | Ronald L Havner Jr | Director | Sell | 8,136 | $134.94 | $1,097,871.84 | 2,068 | |
8/24/2017 | Joseph D. Russell, Jr. | Director | Sell | 2,500 | $133.37 | $333,425.00 | | |
8/21/2017 | John W. Petersen | Insider | Sell | 3,000 | $132.22 | $396,660.00 | | |
8/18/2017 | Jennifer Holden Dunbar | Director | Sell | 4,000 | $130.69 | $522,760.00 | 4,000 | |
6/2/2017 | John W. Petersen | Insider | Sell | 3,500 | $129.83 | $454,405.00 | | |
5/25/2017 | John W. Petersen | Insider | Sell | 2,500 | $124.88 | $312,200.00 | | |
5/11/2017 | John W. Petersen | Insider | Sell | 3,000 | $121.59 | $364,770.00 | | |
5/10/2017 | James H Kropp | Director | Sell | 1,768 | $124.23 | $219,638.64 | 10,902 | |
5/9/2017 | Edward A. Stokx | CFO | Sell | 7,000 | $122.13 | $854,910.00 | | |
3/13/2017 | Joseph D. Russell, Jr. | Director | Sell | 2,500 | $110.61 | $276,525.00 | | |
3/7/2017 | Ronald L Havner Jr | Director | Sell | 10,344 | $116.26 | $1,202,593.44 | 10,344 | |
12/7/2016 | John W. Petersen | COO | Sell | 1,818 | $112.94 | $205,324.92 | | |
12/7/2016 | John W. Petersen | insider | Sell | 2,118 | $112.80 | $238,910.40 | | |
12/7/2016 | Joseph D. Russell, Jr. | Director | Sell | 2,000 | $112.95 | $225,900.00 | | |
12/6/2016 | John W. Petersen | COO | Sell | 300 | $112.00 | $33,600.00 | | |
11/30/2016 | John W. Petersen | Insider | Sell | 1,882 | $112.06 | $210,896.92 | | |
11/18/2016 | Edward A. Stokx | CFO | Sell | 6,000 | $108.63 | $651,780.00 | | |
11/7/2016 | Sara Grootwassink Lewis | Director | Sell | 4,137 | $106.93 | $442,369.41 | 7,137 | |
8/19/2016 | Joseph D. Russell, Jr. | Director | Sell | 2,000 | $108.45 | $216,900.00 | | |
8/15/2016 | Joseph D. Russell, Jr. | Director | Sell | 3,000 | $109.74 | $329,220.00 | | |
8/3/2016 | James H Kropp | Director | Sell | 1,668 | $109.60 | $182,812.80 | 10,502 | |
3/3/2016 | John W. Petersen | COO | Sell | 3,500 | $94.91 | $332,185.00 | 18,998 | |
12/14/2015 | Joseph D Russell Jr | CEO | Sell | 1,000 | $85.24 | $85,240.00 | 43,718 | |
12/11/2015 | Joseph D. Russell, Jr. | CEO | Sell | 2,500 | $85.66 | $214,150.00 | 44,718 | |
11/30/2015 | Joseph D. Russell, Jr. | CEO | Sell | 4,130 | $88.51 | $365,546.30 | 47,218 | |
11/24/2015 | Edward A. Stokx | CFO | Sell | 5,000 | $87.35 | $436,750.00 | 11,883 | |
11/19/2015 | Edward A. Stokx | CFO | Sell | 3,030 | $86.34 | $261,610.20 | 11,883 | |
11/18/2015 | Edward A. Stokx | CFO | Sell | 2,844 | $86.00 | $244,584.00 | 11,883 | |
9/10/2015 | Joseph D. Russell, Jr. | CEO | Sell | 2,756 | $73.63 | $202,924.28 | 47,218 | |
9/9/2015 | Joseph D. Russell, Jr. | CEO | Sell | 9,300 | $73.84 | $686,712.00 | 47,218 | |
9/8/2015 | Maria R. Hawthorne | President | Sell | 23,550 | $74.02 | $1,743,171.00 | 10,861 | |
8/13/2015 | James H Kropp | Director | Sell | 1,568 | $77.01 | $120,751.68 | | |
6/15/2015 | Joseph D Russell Jr | CEO | Sell | 1,400 | $72.18 | $101,052.00 | | |
6/12/2015 | John W Petersen | COO | Sell | 1,869 | $72.71 | $135,894.99 | | |
6/10/2015 | John W Petersen | COO | Sell | 3,131 | $72.88 | $228,187.28 | | |
6/2/2015 | Joseph D Russell Jr | CEO | Sell | 5,000 | $74.53 | $372,650.00 | | |
6/1/2015 | Joseph D Russell Jr | CEO | Sell | 7,000 | $74.65 | $522,550.00 | | |
5/18/2015 | Joseph D Russell Jr | CEO | Sell | 7,000 | $76.00 | $532,000.00 | | |
3/12/2015 | Joseph D Russell Jr | CEO | Sell | 8,000 | $79.37 | $634,960.00 | | |
3/11/2015 | Joseph D Russell Jr | CEO | Sell | 7,500 | $78.51 | $588,825.00 | | |
2/25/2015 | Peter Schultz | Director | Buy | 1,210 | $82.80 | $100,188.00 | | |
9/15/2014 | Sara Grootwassink Lewis | Director | Sell | 4,000 | $76.84 | $307,360.00 | | |
6/12/2014 | James H Kropp | Director | Sell | 1,500 | $83.94 | $125,910.00 | | |
3/14/2014 | Joseph Russell, Jr. | CEO | Sell | 3,000 | $84.17 | $252,510.00 | 33,850 | |
3/11/2014 | Joseph Russell, Jr. | CEO | Sell | 5,000 | $84.62 | $423,100.00 | 33,850 | |
3/7/2014 | Joseph Russell, Jr. | CEO | Sell | 8,000 | $85.39 | $683,120.00 | 33,850 | |
3/6/2014 | Joseph Russell, Jr. | CEO | Sell | 6,273 | $86.12 | $540,230.76 | 33,850 | |
3/3/2014 | John Petersen | COO | Sell | 13,000 | $83.65 | $1,087,450.00 | 8,867 | |
12/3/2013 | Robert Rollo | Director | Buy | 1,206 | $76.79 | $92,608.74 | 1,206 | |
11/7/2013 | Storage Public | major shareholder | Buy | 950,000 | $79.25 | $75,287,500.00 | 7,158,354 | |
9/10/2013 | Joseph D Russell Jr | CEO | Sell | 10,000 | $72.58 | $725,800.00 | | |
9/10/2013 | Storage Public | Major Shareholder | Buy | 28,389 | $72.52 | $2,058,770.28 | | |
9/5/2013 | Storage Public | Major Shareholder | Buy | 22,057 | $71.55 | $1,578,178.35 | | |
9/4/2013 | Storage Public | major shareholder | Buy | 66,898 | $72.59 | $4,856,125.82 | 6,157,908 | |
8/27/2013 | Storage Public | major shareholder | Buy | 65,159 | $74.47 | $4,852,390.73 | 6,091,010 | |
8/23/2013 | Joseph Russell, Jr. | CEO | Sell | 4,000 | $74.24 | $296,960.00 | 33,850 | |
8/22/2013 | Storage Public | major shareholder | Buy | 57,052 | $73.22 | $4,177,347.44 | 6,025,851 | |
8/19/2013 | Storage Public | major shareholder | Buy | 54,701 | $72.25 | $3,952,147.25 | 5,968,799 | |
8/14/2013 | Storage Public | major shareholder | Buy | 52,742 | $73.94 | $3,899,743.48 | 5,914,098 | |
8/9/2013 | Storage Public | major shareholder | Buy | 59,750 | $73.10 | $4,367,725.00 | 5,861,356 | |
5/17/2013 | John W Petersen | COO | Sell | 4,000 | $85.25 | $341,000.00 | | |
5/17/2013 | Joseph D Russell Jr | CEO | Sell | 4,800 | $85.03 | $408,144.00 | | |
5/16/2013 | James H Kropp | Director | Sell | 1,500 | $85.46 | $128,190.00 | | |
5/15/2013 | Edward A Stokx | CFO | Sell | 6,000 | $84.99 | $509,940.00 | | |
5/14/2013 | Joseph D Russell Jr | CEO | Sell | 15,000 | $83.87 | $1,258,050.00 | | |
3/13/2013 | John W Petersen | COO | Sell | 8,000 | $75.45 | $603,600.00 | | |
9/6/2012 | Ronald L Havner Jr | Director | Buy | 3,000 | $69.99 | $209,970.00 | | |
(Data available from 1/1/2013 forward)
PS Business Parks (NYSE PSB) News Headlines
Source: |
|
PS Business Parks (NYSE:PSB) SEC Filings
This page is loading this company's SEC Filings. Please wait...
PS Business Parks (NYSE:PSB) Income Statement, Balance Sheet and Cash Flow Statement
PS Business Parks (NYSE PSB) Stock Chart for Thursday, April, 26, 2018
Loading chart…