PS Business Parks - PSB Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PS Business Parks in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" PSB shares.
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2 brokerages have issued twelve-month target prices for PS Business Parks' shares. Their PSB share price forecasts range from $170.00 to $175.00. On average, they anticipate the company's share price to reach $172.50 in the next year. This suggests that the stock has a possible downside of 8.0%.
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PS Business Parks' stock was trading at $184.17 on January 1st, 2022. Since then, PSB shares have increased by 1.8% and is now trading at $187.44.
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PS Business Parks saw a drop in short interest in the month of June. As of June 30th, there was short interest totaling 757,300 shares, a drop of 18.3% from the June 15th total of 927,300 shares. Based on an average daily trading volume, of 394,800 shares, the days-to-cover ratio is presently 1.9 days. Currently, 3.8% of the company's shares are sold short.
View PS Business Parks' Short Interest.

PS Business Parks, Inc. (NYSE:PSB) released its earnings results on Wednesday, October, 27th. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.85 by $0.04. PS Business Parks had a trailing twelve-month return on equity of 42.01% and a net margin of 110.66%. During the same quarter in the prior year, the company earned $1.61 EPS.

PS Business Parks announced a dividend on Tuesday, July 12th. Shareholders of record on Tuesday, July 19th will be paid a dividend of $0.2168 per share on Wednesday, July 20th. The ex-dividend date of this dividend is Monday, July 18th.
Read our dividend analysis for PSB.

PS Business Parks (NYSE:PSB) pays an annual dividend of $4.20 per share and currently has a dividend yield of 2.24%. The dividend payout ratio is 26.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PSB will have a dividend payout ratio of 52.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PSB.

32 employees have rated PS Business Parks Chief Executive Officer Maria Hawthorne on Glassdoor.com. Maria Hawthorne has an approval rating of 77% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other PS Business Parks investors own include Endologix (ELGX), APA (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 number of institutional and retail investors. Top institutional investors include Principal Financial Group Inc. (1.65%), Northern Trust Corp (1.11%), Alpine Associates Management Inc. (0.56%), JPMorgan Chase & Co. (0.44%), Kellner Capital LLC (0.36%) and Artisan Partners Limited Partnership (0.34%). Insiders that own company stock include James H Kropp, Jennifer Holden Dunbar, John W Petersen, Joseph D Russell Jr, Joseph D Russell, Jr, Kristy Pipes, Peter Schultz, Ronald L Havner Jr and Trenton Groves.
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Shares of PSB stock 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.
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One share of PSB stock can currently be purchased for approximately $187.44.

PS Business Parks (NYSE:PSB) has a market capitalization of $5.18 billion and generates $438.70 million in revenue each year. The real estate investment trust earns $448.76 million in net income (profit) each year or $15.80 on an earnings per share basis.

The company employs 156 workers across the globe.

PS Business Parks' mailing address is 701 WESTERN AVE, GLENDALE CA, 91201. The official website for the company is www.psbusinessparks.com. The real estate investment trust can be reached via phone at (818) 244-8080, via email at jhedges@psbusinessparks.com, or via fax at 818-242-0566.