Ameritas Investment Partners Inc. Continues to Hold Stake in PS Business Parks, Inc. (PSB)

Ameritas Investment Partners Inc. maintained its stake in PS Business Parks, Inc. (NYSE:PSB) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,703 shares of the real estate investment trust’s stock at the close of the 2nd quarter. Ameritas Investment Partners Inc.’s holdings in PS Business Parks were worth $225,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in PSB. OppenheimerFunds Inc. raised its position in shares of PS Business Parks by 41.0% during the 1st quarter. OppenheimerFunds Inc. now owns 3,055 shares of the real estate investment trust’s stock worth $351,000 after purchasing an additional 888 shares during the period. Geode Capital Management LLC raised its position in shares of PS Business Parks by 3.2% during the 1st quarter. Geode Capital Management LLC now owns 242,003 shares of the real estate investment trust’s stock worth $27,772,000 after purchasing an additional 7,439 shares during the period. Dimensional Fund Advisors LP raised its position in shares of PS Business Parks by 4.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 289,738 shares of the real estate investment trust’s stock worth $33,249,000 after purchasing an additional 12,705 shares during the period. UBS Group AG raised its position in shares of PS Business Parks by 353.8% during the 1st quarter. UBS Group AG now owns 21,241 shares of the real estate investment trust’s stock worth $2,438,000 after purchasing an additional 16,560 shares during the period. Finally, BlackRock Inc. raised its position in shares of PS Business Parks by 3,580.8% during the 1st quarter. BlackRock Inc. now owns 3,311,472 shares of the real estate investment trust’s stock worth $380,026,000 after purchasing an additional 3,221,505 shares during the period. Institutional investors and hedge funds own 72.66% of the company’s stock.

A number of analysts have recently weighed in on PSB shares. Zacks Investment Research upgraded PS Business Parks from a “hold” rating to a “buy” rating and set a $152.00 price target on the stock in a research report on Tuesday, September 5th. KeyCorp reiterated a “hold” rating on shares of PS Business Parks in a research report on Friday, August 25th. Finally, BidaskClub cut PS Business Parks from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th.

Shares of PS Business Parks, Inc. (PSB) opened at 131.09 on Tuesday. The company has a 50-day moving average price of $134.86 and a 200 day moving average price of $130.40. PS Business Parks, Inc. has a 52-week low of $102.32 and a 52-week high of $137.60. The firm has a market capitalization of $3.57 billion, a PE ratio of 42.81 and a beta of 0.60.

PS Business Parks (NYSE:PSB) last released its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.87. The company had revenue of $100.48 million for the quarter, compared to the consensus estimate of $99.55 million. PS Business Parks had a return on equity of 16.95% and a net margin of 39.78%. The company’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.43 earnings per share. Analysts expect that PS Business Parks, Inc. will post $3.13 EPS for the current fiscal year.

In other news, insider John W. Petersen sold 3,000 shares of PS Business Parks stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $132.22, for a total value of $396,660.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert S. Rollo sold 8,613 shares of PS Business Parks stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $136.24, for a total transaction of $1,173,435.12. Following the completion of the transaction, the director now owns 7,515 shares of the company’s stock, valued at approximately $1,023,843.60. The disclosure for this sale can be found here. Insiders have sold 32,186 shares of company stock worth $4,319,064 over the last ninety days. Company insiders own 1.63% of the company’s stock.

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About PS Business Parks

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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Institutional Ownership by Quarter for PS Business Parks (NYSE:PSB)

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