PS Business Parks, Inc. (NYSE:PSB)‘s stock had its “hold” rating reiterated by investment analysts at KeyCorp in a note issued to investors on Friday.

A number of other equities research analysts have also recently commented on the company. BidaskClub cut PS Business Parks from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. Zacks Investment Research cut PS Business Parks from a “buy” rating to a “hold” rating in a research report on Monday, May 29th.

Shares of PS Business Parks (NYSE:PSB) opened at 133.05 on Friday. PS Business Parks has a 12-month low of $102.32 and a 12-month high of $136.27. The firm has a 50 day moving average price of $131.55 and a 200 day moving average price of $123.79. The stock has a market cap of $3.62 billion, a PE ratio of 43.45 and a beta of 0.59.

PS Business Parks (NYSE:PSB) last posted its earnings results on Tuesday, July 25th. The real estate investment trust reported $1.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.88. PS Business Parks had a return on equity of 16.50% and a net margin of 39.05%. The firm had revenue of $99.80 million for the quarter, compared to analysts’ expectations of $100.81 million. During the same period last year, the firm earned $1.36 EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities analysts expect that PS Business Parks will post $3.12 EPS for the current year.

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In related news, Director Joseph D. Russell, Jr. sold 2,500 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $133.37, for a total value of $333,425.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider John W. Petersen sold 3,500 shares of the firm’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $129.83, for a total transaction of $454,405.00. The disclosure for this sale can be found here. Insiders sold a total of 13,000 shares of company stock worth $1,707,250 over the last ninety days. 1.63% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital Fund Management S.A. bought a new position in shares of PS Business Parks during the first quarter worth $252,000. Daiwa Securities Group Inc. raised its position in shares of PS Business Parks by 25.0% in the first quarter. Daiwa Securities Group Inc. now owns 1,500 shares of the real estate investment trust’s stock worth $172,000 after buying an additional 300 shares in the last quarter. First Trust Advisors LP raised its position in shares of PS Business Parks by 6.5% in the first quarter. First Trust Advisors LP now owns 38,919 shares of the real estate investment trust’s stock worth $4,466,000 after buying an additional 2,390 shares in the last quarter. Capital One National Association raised its position in shares of PS Business Parks by 1.2% in the first quarter. Capital One National Association now owns 3,969 shares of the real estate investment trust’s stock worth $455,000 after buying an additional 46 shares in the last quarter. Finally, Chicago Equity Partners LLC raised its position in shares of PS Business Parks by 11.3% in the first quarter. Chicago Equity Partners LLC now owns 20,960 shares of the real estate investment trust’s stock worth $2,405,000 after buying an additional 2,125 shares in the last quarter. 71.40% of the stock is currently owned by hedge funds and other institutional investors.

PS Business Parks Company Profile

PS 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.

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