PS Business Parks, Inc. (NYSE:PSB) Director Joseph D. Russell, Jr. sold 2,500 shares of PS Business Parks stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $131.50, for a total transaction of $328,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Joseph D. Russell, Jr. also recently made the following trade(s):

  • On Thursday, September 14th, Joseph D. Russell, Jr. sold 800 shares of PS Business Parks stock. The shares were sold at an average price of $133.00, for a total transaction of $106,400.00.

Shares of PS Business Parks, Inc. (NYSE PSB) traded down $2.90 on Wednesday, reaching $128.37. 77,000 shares of the company were exchanged, compared to its average volume of 93,905. The firm has a market capitalization of $3,577.24, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 4.30 and a beta of 0.56. PS Business Parks, Inc. has a fifty-two week low of $108.97 and a fifty-two week high of $137.60.

PS Business Parks (NYSE:PSB) last released its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $1.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.87. PS Business Parks had a net margin of 39.78% and a return on equity of 16.95%. The firm had revenue of $100.48 million during the quarter, compared to analysts’ expectations of $99.55 million. During the same period in the previous year, the business posted $1.43 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. analysts anticipate that PS Business Parks, Inc. will post 6.11 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Wednesday, December 13th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $3.40 dividend on an annualized basis and a yield of 2.65%. PS Business Parks’s dividend payout ratio (DPR) is 113.33%.

A number of analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of PS Business Parks from a “hold” rating to a “buy” rating and set a $152.00 price objective on the stock in a report on Tuesday, September 5th. KeyCorp restated a “hold” rating on shares of PS Business Parks in a report on Friday, August 25th. Finally, BidaskClub downgraded shares of PS Business Parks from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th.

Hedge funds have recently added to or reduced their stakes in the business. Flinton Capital Management LLC boosted its position in PS Business Parks by 85.7% during the second quarter. Flinton Capital Management LLC now owns 1,040 shares of the real estate investment trust’s stock worth $138,000 after purchasing an additional 480 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of PS Business Parks by 0.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,236 shares of the real estate investment trust’s stock valued at $164,000 after acquiring an additional 8 shares during the period. CIBC Asset Management Inc bought a new stake in shares of PS Business Parks in the third quarter valued at about $206,000. Everence Capital Management Inc. bought a new stake in shares of PS Business Parks in the second quarter valued at about $211,000. Finally, Riverhead Capital Management LLC boosted its position in shares of PS Business Parks by 81.3% in the second quarter. Riverhead Capital Management LLC now owns 1,632 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 732 shares during the period. 71.97% of the stock is owned by hedge funds and other institutional investors.

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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.

Insider Buying and Selling by Quarter for PS Business Parks (NYSE:PSB)

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