PS Business Parks Inc to Post Q1 2018 Earnings of $1.51 Per Share, KeyCorp Forecasts (PSB)

PS Business Parks Inc (NYSE:PSB) – Investment analysts at KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for PS Business Parks in a research note issued on Wednesday. KeyCorp analyst C. Mailman anticipates that the real estate investment trust will post earnings of $1.51 per share for the quarter.

Several other brokerages also recently issued reports on PSB. Zacks Investment Research raised shares of PS Business Parks from a “hold” rating to a “buy” rating and set a $152.00 price objective for the company in a research report on Monday, October 16th. JPMorgan Chase & Co. downgraded shares of PS Business Parks from a “neutral” rating to an “underweight” rating and set a $135.00 price objective for the company. in a research report on Friday, December 15th.

PS Business Parks (NYSE:PSB) traded up $0.87 on Monday, reaching $124.36. 14,422 shares of the company were exchanged, compared to its average volume of 92,852. The firm has a market cap of $3,363.32, a P/E ratio of 41.45, a PEG ratio of 4.09 and a beta of 0.56. PS Business Parks has a 12-month low of $108.97 and a 12-month high of $137.60.

PS Business Parks (NYSE:PSB) last announced its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $1.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.87. The business had revenue of $100.48 million for the quarter, compared to analyst estimates of $99.55 million. PS Business Parks had a net margin of 39.78% and a return on equity of 16.95%. The company’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 EPS.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in PS Business Parks by 0.6% during the second quarter. Vanguard Group Inc. now owns 3,300,402 shares of the real estate investment trust’s stock worth $436,940,000 after acquiring an additional 20,434 shares during the period. State Street Corp grew its holdings in PS Business Parks by 3.2% during the second quarter. State Street Corp now owns 802,768 shares of the real estate investment trust’s stock worth $106,276,000 after acquiring an additional 25,046 shares during the period. Northern Trust Corp grew its holdings in PS Business Parks by 3.7% during the second quarter. Northern Trust Corp now owns 524,636 shares of the real estate investment trust’s stock worth $69,457,000 after acquiring an additional 18,570 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in PS Business Parks by 6.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 366,710 shares of the real estate investment trust’s stock worth $48,956,000 after acquiring an additional 22,900 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in PS Business Parks by 3.2% during the third quarter. Dimensional Fund Advisors LP now owns 310,123 shares of the real estate investment trust’s stock worth $41,401,000 after acquiring an additional 9,725 shares during the period. 71.85% of the stock is currently owned by institutional investors.

In other PS Business Parks news, Director Robert S. Rollo sold 2,070 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $135.19, for a total value of $279,843.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ronald L. Havner, Jr. sold 4,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $136.61, for a total value of $546,440.00. The disclosure for this sale can be found here. Insiders have sold 9,370 shares of company stock worth $1,257,849 over the last 90 days. 1.63% of the stock is currently owned by company insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Wednesday, December 13th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Tuesday, December 12th. PS Business Parks’s dividend payout ratio (DPR) is presently 113.33%.

ILLEGAL ACTIVITY WARNING: This news story was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.com-unik.info/2017/12/27/ps-business-parks-inc-to-post-q1-2018-earnings-of-1-51-per-share-keycorp-forecasts-psb-3.html.

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.

Earnings History and Estimates for PS Business Parks (NYSE:PSB)

What are top analysts saying about PS Business Parks? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for PS Business Parks and related companies.

PS Business Parks Inc to Post Q1 2018 Earnings of $1.51 Per Share, KeyCorp Forecasts (PSB)

PS Business Parks Inc (NYSE:PSB) – Investment analysts at KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for PS Business Parks in a research note issued on Wednesday. KeyCorp analyst C. Mailman anticipates that the real estate investment trust will post earnings of $1.51 per share for the quarter.

Several other brokerages also recently issued reports on PSB. Zacks Investment Research raised shares of PS Business Parks from a “hold” rating to a “buy” rating and set a $152.00 price objective for the company in a research report on Monday, October 16th. JPMorgan Chase & Co. downgraded shares of PS Business Parks from a “neutral” rating to an “underweight” rating and set a $135.00 price objective for the company. in a research report on Friday, December 15th.

PS Business Parks (NYSE:PSB) traded up $0.87 on Monday, reaching $124.36. 14,422 shares of the company were exchanged, compared to its average volume of 92,852. The firm has a market cap of $3,363.32, a P/E ratio of 41.45, a PEG ratio of 4.09 and a beta of 0.56. PS Business Parks has a 12-month low of $108.97 and a 12-month high of $137.60.

PS Business Parks (NYSE:PSB) last announced its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $1.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.87. The business had revenue of $100.48 million for the quarter, compared to analyst estimates of $99.55 million. PS Business Parks had a net margin of 39.78% and a return on equity of 16.95%. The company’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 EPS.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in PS Business Parks by 0.6% during the second quarter. Vanguard Group Inc. now owns 3,300,402 shares of the real estate investment trust’s stock worth $436,940,000 after acquiring an additional 20,434 shares during the period. State Street Corp grew its holdings in PS Business Parks by 3.2% during the second quarter. State Street Corp now owns 802,768 shares of the real estate investment trust’s stock worth $106,276,000 after acquiring an additional 25,046 shares during the period. Northern Trust Corp grew its holdings in PS Business Parks by 3.7% during the second quarter. Northern Trust Corp now owns 524,636 shares of the real estate investment trust’s stock worth $69,457,000 after acquiring an additional 18,570 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in PS Business Parks by 6.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 366,710 shares of the real estate investment trust’s stock worth $48,956,000 after acquiring an additional 22,900 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in PS Business Parks by 3.2% during the third quarter. Dimensional Fund Advisors LP now owns 310,123 shares of the real estate investment trust’s stock worth $41,401,000 after acquiring an additional 9,725 shares during the period. 71.85% of the stock is currently owned by institutional investors.

In other PS Business Parks news, Director Robert S. Rollo sold 2,070 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $135.19, for a total value of $279,843.30. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ronald L. Havner, Jr. sold 4,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $136.61, for a total value of $546,440.00. The disclosure for this sale can be found here. Insiders have sold 9,370 shares of company stock worth $1,257,849 over the last 90 days. 1.63% of the stock is currently owned by company insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Wednesday, December 13th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend is Tuesday, December 12th. PS Business Parks’s dividend payout ratio (DPR) is presently 113.33%.

ILLEGAL ACTIVITY WARNING: This news story was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.com-unik.info/2017/12/27/ps-business-parks-inc-to-post-q1-2018-earnings-of-1-51-per-share-keycorp-forecasts-psb-3.html.

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.

Earnings History and Estimates for PS Business Parks (NYSE:PSB)

What are top analysts saying about PS Business Parks? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for PS Business Parks and related companies.

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