NYSE:PSBPS Business Parks Stock Price, Forecast & 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. Since then, PSB stock has decreased by 12.2% and is now trading at $121.81. 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) released its quarterly earnings results on Wednesday, April, 29th. The real estate investment trust reported $1.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.93 by $0.58. The real estate investment trust had revenue of $106.22 million for 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 yield of 3.45%. The ex-dividend date of this dividend is Friday, June 12th. View PS Business Parks' dividend history.

3 Wall Street analysts have issued 1-year price objectives for PS Business Parks' stock. Their forecasts range from $128.00 to $175.00. On average, they anticipate PS Business Parks' stock price to reach $149.33 in the next year. This suggests a possible upside of 22.6% from the stock's current price. View analysts' price targets for PS Business Parks.

Headlines about PSB stock have trended somewhat positive recently, InfoTrie reports. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. PS Business Parks earned a coverage optimism score of 1.5 on InfoTrie's scale. They also gave news headlines about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutPS Business Parks.

PS Business Parks saw a decline in short interest in April. As of April 30th, there was short interest totaling 308,500 shares, a decline of 25.2% from the April 15th total of 412,600 shares. Based on an average trading volume of 135,800 shares, the days-to-cover ratio is presently 2.3 days. Approximately 1.5% of the company's shares are short sold. 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."

PS Business Parks' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.30%), Wellington Management Group LLP (4.70%), State Street Corp (4.04%), Nuveen Asset Management LLC (2.21%), Geode Capital Management LLC (1.44%) and Invesco Ltd. (1.21%). Company insiders that own PS Business Parks stock include 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.

PSB stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., UBS Group AG, WINTON GROUP Ltd, BlackRock Inc., Wells Fargo & Company MN, Invesco Ltd., Principal Financial Group Inc., and APG Asset Management N.V.. 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, and Ronald L Havner Jr. View insider buying and selling activity for PS Business Parks.

PSB stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Centersquare Investment Management LLC, Echo Street Capital Management LLC, Balyasny Asset Management LLC, Ziegler Capital Management LLC, State Street Corp, HGI Capital Management LLC, and Deutsche Bank AG. View insider buying and selling activity for 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.

One share of PSB stock can currently be purchased for approximately $121.81.

PS Business Parks has a market capitalization of $3.35 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]