PS Business Parks Company Profile (NYSE:PSB)

About PS Business Parks (NYSE:PSB)

PS Business Parks logoPS Business Parks, Inc. is a self-advised and self-managed real estate investment trust (REIT). The Company owns, operates and develops commercial properties, primarily multi-tenant flex, office and industrial parks. It focuses on owning concentrated business parks. PS Business Parks, L.P. (the Operating Partnership) is a California limited partnership, which owns directly or indirectly substantially all of its assets and through, which the Company conducts substantially all of its business. PSB is the partner of the Operating Partnership and, as of December 31, 2016, owned 77.9% of the common partnership units. The remaining common partnership units are owned by Public Storage (PS). As of December 31, 2016, the Company owned and operated 28.1 million rentable square feet of commercial space, comprising 99 business parks, in the states, including California, Texas, Virginia, Florida, Maryland and Washington. It also manages 684,000 rentable square feet on behalf of PS.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Commercial REITs
  • Sub-Industry: Diversified REITs
  • Symbol: NYSE:PSB
  • CUSIP: 69360J10
  • Web:
  • Market Cap: $3.65361 billion
  • Outstanding Shares: 27,214,000
Average Prices:
  • 50 Day Moving Avg: $135.14
  • 200 Day Moving Avg: $129.61
  • 52 Week Range: $102.32 - $137.60
  • Trailing P/E Ratio: 43.84
  • Foreward P/E Ratio: 20.84
  • P/E Growth: 0.00
Sales & Book Value:
  • Annual Revenue: $394.93 million
  • Price / Sales: 9.25
  • Book Value: $27.22 per share
  • Price / Book: 4.93
  • Annual Dividend: $3.40
  • Dividend Yield: 2.5%
  • EBITDA: $261.16 million
  • Net Margins: 39.05%
  • Return on Equity: 16.50%
  • Return on Assets: 7.61%
  • Debt-to-Equity Ratio: 0.11%
  • Current Ratio: 0.50%
  • Quick Ratio: 0.50%
  • Average Volume: 80,948 shs.
  • Beta: 0.6
  • Short Ratio: 5.79

Frequently Asked Questions for PS Business Parks (NYSE:PSB)

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 Wednesday, July 26th. Investors of record on Wednesday, September 13th will be given a dividend of $0.85 per share on Thursday, September 28th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Tuesday, September 12th. View PS Business Parks' Dividend History.

How were PS Business Parks' earnings last quarter?

PS Business Parks, Inc. (NYSE:PSB) announced its earnings results on Tuesday, October, 25th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.40 by $0.03. The firm had revenue of $97.50 million for the quarter, compared to analyst estimates of $96 million. PS Business Parks had a return on equity of 16.50% and a net margin of 39.05%. PS Business Parks's quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.20 EPS. View PS Business Parks' Earnings History.

When will PS Business Parks make its next earnings announcement?

PS Business Parks is scheduled to release their next quarterly earnings announcement on Tuesday, October, 24th 2017. View Earnings Estimates for PS Business Parks.

Where is PS Business Parks' stock going? Where will PS Business Parks' stock price be in 2017?

2 equities research analysts have issued 12 month price targets for PS Business Parks' shares. Their predictions range from $107.00 to $107.00. On average, they expect PS Business Parks' share price to reach $107.00 in the next twelve months. View Analyst Ratings for PS Business Parks.

Who are some of PS Business Parks' key competitors?

Who are PS Business Parks' key executives?

PS Business Parks' management team includes the folowing people:

  • Ronald L. Havner Jr., Chairman and Chief Executive Officer of Public Storage
  • Maria R. Hawthorne, President, Chief Executive Officer, Principal Financial Officer, Principal Accounting Officer, Director
  • Joseph Darryl Russell Jr., President of Public Storage, Director
  • John W. Petersen, Chief Operating Officer, Executive Vice President
  • Jennifer Holden Dunbar, Independent Director
  • James H. Kropp, Independent presiding Director
  • Sara Grootwassink Lewis, Independent Director
  • Gary E. Pruitt, Independent Director
  • Robert S. Rollo, Independent Director

Who owns PS Business Parks stock?

PS Business Parks' stock is owned by a number of of retail and institutional investors. Top institutional investors include Robeco Institutional Asset Management B.V. (0.41%), Nationwide Fund Advisors (0.22%), Strs Ohio (0.11%) and APG Asset Management N.V. (0.05%). Company insiders that own PS Business Parks stock include Edward A Stokx, James H Kropp, Jennifer Holden Dunbar, John W Petersen, Joseph D Russell Jr, Joseph D Russell, Jr, Robert S Rollo, Ronald L Havner Jr and Sara Grootwassink Lewis. View Institutional Ownership Trends for PS Business Parks.

Who sold PS Business Parks stock? Who is selling PS Business Parks stock?

PS Business Parks' stock was sold by a variety of institutional investors in the last quarter, including Strs Ohio. Company insiders that have sold PS Business Parks stock in the last year include Edward A Stokx, James H Kropp, Jennifer Holden Dunbar, John W Petersen, Joseph D Russell, Jr, Robert S Rollo, Ronald L Havner Jr and Sara Grootwassink Lewis. View Insider Buying and Selling for PS Business Parks.

Who bought PS Business Parks stock? Who is buying PS Business Parks stock?

PS Business Parks' stock was purchased by a variety of institutional investors in the last quarter, including Nationwide Fund Advisors, APG Asset Management N.V. and Robeco Institutional Asset Management B.V.. View Insider Buying and Selling for PS Business Parks.

How do I buy PS Business Parks stock?

Shares of PS Business Parks can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is PS Business Parks' stock price today?

One share of PS Business Parks stock can currently be purchased for approximately $134.21.

MarketBeat Community Rating for PS Business Parks (NYSE PSB)
Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  93 (Vote Outperform)
Underperform Votes:  123 (Vote Underperform)
Total Votes:  216
MarketBeat's community ratings are surveys of what our community members think about PS Business Parks and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for PS Business Parks (NYSE:PSB) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 1 Hold Rating
Consensus Rating:Hold (Score: 1.50)
Consensus Price Target: $107.00 (20.27% downside)
Consensus Price Target History for PS Business Parks (NYSE:PSB)
Price Target History for PS Business Parks (NYSE:PSB)
Analysts' Ratings History for PS Business Parks (NYSE:PSB)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/25/2017KeyCorpReiterated RatingHoldLowView Rating Details
12/13/2016Citigroup Inc.DowngradeNeutral -> Sell$107.00N/AView Rating Details
12/17/2015J P Morgan Chase & CoDowngradeOverweight -> Neutral$93.00N/AView Rating Details
(Data available from 10/24/2015 forward)


Earnings History for PS Business Parks (NYSE:PSB)
Earnings by Quarter for PS Business Parks (NYSE:PSB)
Earnings History by Quarter for PS Business Parks (NYSE PSB)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/25/2017Q2 17$0.67$1.55$100.81 million$99.80 millionViewN/AView Earnings Details
4/25/2017Q1 2017$1.41$1.52$95.85 million$100.19 millionViewN/AView Earnings Details
2/21/2017Q416$0.32$1.39$96.12 million$97.70 millionViewN/AView Earnings Details
10/25/2016Q316$1.40$1.43$96.00 million$97.50 millionViewN/AView Earnings Details
7/26/2016Q216$1.32$1.30$95.00 million$96.20 millionViewN/AView Earnings Details
4/26/2016Q116$1.25$1.26$95.00 million$95.80 millionViewN/AView Earnings Details
2/16/2016Q415$1.25$1.31$94.85 million$94.50 millionViewListenView Earnings Details
10/27/2015Q315$1.19$1.20$94.23 million$93.50 millionViewListenView Earnings Details
7/28/2015Q215$1.18$1.20$93.60 million$93.08 millionViewListenView Earnings Details
4/28/2015Q115$1.13$1.13$92.16 million$92.30 millionViewN/AView Earnings Details
2/18/2015Q414$1.17$1.21$93.30 million$91.59 millionViewN/AView Earnings Details
10/27/2014Q314$1.20$1.20$95.00 million$95.79 millionViewN/AView Earnings Details
7/30/2014Q214$1.22$1.26$92.00 million$94.20 millionViewN/AView Earnings Details
4/28/2014Q114$1.22$1.22$93.00 million$95.49 millionViewN/AView Earnings Details
2/18/2014Q413$1.21$1.26$89.72 millionViewN/AView Earnings Details
10/28/2013Q313$1.21$1.21$88.13 million$89.77 millionViewN/AView Earnings Details
7/29/2013Q213$1.21$1.19$87.89 million$87.93 millionViewN/AView Earnings Details
5/6/2013$1.21$1.20$88.00 million$88.28 millionViewN/AView Earnings Details
2/19/2013$1.18$1.20$87.62 million$89.38 millionViewN/AView Earnings Details
8/1/2012$1.08$1.18ViewN/AView Earnings Details
4/30/2012$1.03$1.17ViewN/AView Earnings Details
2/21/2012$1.05$1.13ViewN/AView Earnings Details
10/31/2011$1.07$1.12ViewN/AView Earnings Details
5/2/2011$1.32$1.09ViewN/AView Earnings Details
2/22/2011$1.00$0.99ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for PS Business Parks (NYSE:PSB)
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q2 20171$1.52$1.52$1.52
Q3 20171$1.50$1.50$1.50
Q4 20171$1.54$1.54$1.54
(Data provided by Zacks Investment Research)


Current Dividend Information for PS Business Parks (NYSE:PSB)
Most Recent Dividend:9/28/2017
Annual Dividend:$3.40
Dividend Yield:2.53%
Dividend Growth:19.50% (3 Year Average)
Payout Ratio:111.11% (Trailing 12 Months of Earnings)
55.19% (Based on This Year's Estimates)
52.80% (Based on Next Year's Estimates)
Track Record:3 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for PS Business Parks (NYSE:PSB)

Dividend History by Quarter for PS Business Parks (NYSE PSB)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for PS Business Parks (NYSE:PSB)
Insider Ownership Percentage: 1.63%
Institutional Ownership Percentage: 72.45%
Insider Trades by Quarter for PS Business Parks (NYSE:PSB)
Institutional Ownership by Quarter for PS Business Parks (NYSE:PSB)
Insider Trades by Quarter for PS Business Parks (NYSE:PSB)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/14/2017Joseph D. Russell, Jr.DirectorSell800$133.00$106,400.00View SEC Filing  
9/13/2017Sara Grootwassink LewisDirectorSell5,137$134.03$688,512.11View SEC Filing  
9/11/2017Robert S RolloDirectorSell8,613$136.24$1,173,435.12View SEC Filing  
8/31/2017Ronald L Havner JrDirectorSell8,136$134.94$1,097,871.84View SEC Filing  
8/24/2017Joseph D. Russell, Jr.DirectorSell2,500$133.37$333,425.00View SEC Filing  
8/21/2017John W. PetersenInsiderSell3,000$132.22$396,660.00View SEC Filing  
8/18/2017Jennifer Holden DunbarDirectorSell4,000$130.69$522,760.00View SEC Filing  
6/2/2017John W. PetersenInsiderSell3,500$129.83$454,405.00View SEC Filing  
5/25/2017John W. PetersenInsiderSell2,500$124.88$312,200.00View SEC Filing  
5/11/2017John W. PetersenInsiderSell3,000$121.59$364,770.00View SEC Filing  
5/10/2017James H KroppDirectorSell1,768$124.23$219,638.64View SEC Filing  
5/9/2017Edward A. StokxCFOSell7,000$122.13$854,910.00View SEC Filing  
3/13/2017Joseph D. Russell, Jr.DirectorSell2,500$110.61$276,525.00View SEC Filing  
3/7/2017Ronald L Havner JrDirectorSell10,344$116.26$1,202,593.44View SEC Filing  
12/7/2016John W. PetersenCOOSell1,818$112.94$205,324.92View SEC Filing  
12/7/2016John W. PeterseninsiderSell2,118$112.80$238,910.40View SEC Filing  
12/7/2016Joseph D. Russell, Jr.DirectorSell2,000$112.95$225,900.00View SEC Filing  
12/6/2016John W. PetersenCOOSell300$112.00$33,600.00View SEC Filing  
11/30/2016John W. PetersenInsiderSell1,882$112.06$210,896.92View SEC Filing  
11/18/2016Edward A. StokxCFOSell6,000$108.63$651,780.00View SEC Filing  
11/7/2016Sara Grootwassink LewisDirectorSell4,137$106.93$442,369.41View SEC Filing  
8/19/2016Joseph D. Russell, Jr.DirectorSell2,000$108.45$216,900.00View SEC Filing  
8/15/2016Joseph D. Russell, Jr.DirectorSell3,000$109.74$329,220.00View SEC Filing  
8/3/2016James H KroppDirectorSell1,668$109.60$182,812.80View SEC Filing  
3/3/2016John W. PetersenCOOSell3,500$94.91$332,185.00View SEC Filing  
12/14/2015Joseph D Russell JrCEOSell1,000$85.24$85,240.00View SEC Filing  
12/11/2015Joseph D. Russell, Jr.CEOSell2,500$85.66$214,150.00View SEC Filing  
11/30/2015Joseph D. Russell, Jr.CEOSell4,130$88.51$365,546.30View SEC Filing  
11/24/2015Edward A. StokxCFOSell5,000$87.35$436,750.00View SEC Filing  
11/19/2015Edward A. StokxCFOSell3,030$86.34$261,610.20View SEC Filing  
11/18/2015Edward A. StokxCFOSell2,844$86.00$244,584.00View SEC Filing  
9/10/2015Joseph D. Russell, Jr.CEOSell2,756$73.63$202,924.28View SEC Filing  
9/9/2015Joseph D. Russell, Jr.CEOSell9,300$73.84$686,712.00View SEC Filing  
9/8/2015Maria R. HawthornePresidentSell23,550$74.02$1,743,171.00View SEC Filing  
8/13/2015James H KroppDirectorSell1,568$77.01$120,751.68View SEC Filing  
6/15/2015Joseph D Russell JrCEOSell1,400$72.18$101,052.00View SEC Filing  
6/12/2015John W PetersenCOOSell1,869$72.71$135,894.99View SEC Filing  
6/10/2015John W PetersenCOOSell3,131$72.88$228,187.28View SEC Filing  
6/2/2015Joseph D Russell JrCEOSell5,000$74.53$372,650.00View SEC Filing  
6/1/2015Joseph D Russell JrCEOSell7,000$74.65$522,550.00View SEC Filing  
5/18/2015Joseph D Russell JrCEOSell7,000$76.00$532,000.00View SEC Filing  
3/12/2015Joseph D Russell JrCEOSell8,000$79.37$634,960.00View SEC Filing  
3/11/2015Joseph D Russell JrCEOSell7,500$78.51$588,825.00View SEC Filing  
2/25/2015Peter SchultzDirectorBuy1,210$82.80$100,188.00View SEC Filing  
9/15/2014Sara Grootwassink LewisDirectorSell4,000$76.84$307,360.00View SEC Filing  
6/12/2014James H KroppDirectorSell1,500$83.94$125,910.00View SEC Filing  
3/14/2014Joseph Russell, Jr.CEOSell3,000$84.17$252,510.00View SEC Filing  
3/11/2014Joseph Russell, Jr.CEOSell5,000$84.62$423,100.00View SEC Filing  
3/7/2014Joseph Russell, Jr.CEOSell8,000$85.39$683,120.00View SEC Filing  
3/6/2014Joseph Russell, Jr.CEOSell6,273$86.12$540,230.76View SEC Filing  
3/3/2014John PetersenCOOSell13,000$83.65$1,087,450.00View SEC Filing  
12/3/2013Robert RolloDirectorBuy1,206$76.79$92,608.74View SEC Filing  
11/7/2013Storage Publicmajor shareholderBuy950,000$79.25$75,287,500.00View SEC Filing  
9/10/2013Joseph D Russell JrCEOSell10,000$72.58$725,800.00View SEC Filing  
9/10/2013Storage PublicMajor ShareholderBuy28,389$72.52$2,058,770.28View SEC Filing  
9/5/2013Storage PublicMajor ShareholderBuy22,057$71.55$1,578,178.35View SEC Filing  
9/4/2013Storage Publicmajor shareholderBuy66,898$72.59$4,856,125.82View SEC Filing  
8/27/2013Storage Publicmajor shareholderBuy65,159$74.47$4,852,390.73View SEC Filing  
8/23/2013Joseph Russell, Jr.CEOSell4,000$74.24$296,960.00View SEC Filing  
8/22/2013Storage Publicmajor shareholderBuy57,052$73.22$4,177,347.44View SEC Filing  
8/19/2013Storage Publicmajor shareholderBuy54,701$72.25$3,952,147.25View SEC Filing  
8/14/2013Storage Publicmajor shareholderBuy52,742$73.94$3,899,743.48View SEC Filing  
8/9/2013Storage Publicmajor shareholderBuy59,750$73.10$4,367,725.00View SEC Filing  
5/17/2013John W PetersenCOOSell4,000$85.25$341,000.00View SEC Filing  
5/17/2013Joseph D Russell JrCEOSell4,800$85.03$408,144.00View SEC Filing  
5/16/2013James H KroppDirectorSell1,500$85.46$128,190.00View SEC Filing  
5/15/2013Edward A StokxCFOSell6,000$84.99$509,940.00View SEC Filing  
5/14/2013Joseph D Russell JrCEOSell15,000$83.87$1,258,050.00View SEC Filing  
3/13/2013John W PetersenCOOSell8,000$75.45$603,600.00View SEC Filing  
9/6/2012Ronald L Havner JrDirectorBuy3,000$69.99$209,970.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for PS Business Parks (NYSE:PSB)
Latest Headlines for PS Business Parks (NYSE:PSB)
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PS Business Parks (PSB) Chart for Tuesday, October, 24, 2017

This page was last updated on 10/24/2017 by Staff

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