PS Business Parks (PSB) Getting Somewhat Positive Press Coverage, Accern Reports

News headlines about PS Business Parks (NYSE:PSB) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PS Business Parks earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 47.4263535695689 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Several research analysts have recently issued reports on PSB shares. Zacks Investment Research cut shares of PS Business Parks from a “buy” rating to a “hold” rating in a report on Monday, September 4th. JPMorgan Chase & Co. cut shares of PS Business Parks from a “neutral” rating to an “underweight” rating and set a $135.00 target price on the stock. in a report on Friday, December 15th.

Shares of PS Business Parks (NYSE:PSB) traded down $0.18 during trading on Monday, hitting $125.09. 79,507 shares of the stock traded hands, compared to its average volume of 92,833. PS Business Parks has a 1 year low of $108.97 and a 1 year high of $137.60. The company has a market capitalization of $3,408.83, a PE ratio of 41.70, a price-to-earnings-growth ratio of 4.15 and a beta of 0.56.

PS Business Parks (NYSE:PSB) last released its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $1.54 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.87. The business had revenue of $100.48 million for the quarter, compared to analysts’ expectations of $99.55 million. PS Business Parks had a net margin of 39.78% and a return on equity of 16.95%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.43 earnings per share. sell-side analysts predict that PS Business Parks will post 6.03 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Wednesday, December 13th were issued a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 2.72%. The ex-dividend date was Tuesday, December 12th. PS Business Parks’s dividend payout ratio (DPR) is currently 113.33%.

In other news, Director Ronald L. Havner, Jr. sold 4,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $136.61, for a total transaction of $546,440.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Joseph D. Russell, Jr. sold 2,500 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $131.50, for a total transaction of $328,750.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,370 shares of company stock worth $1,257,849. 1.63% of the stock is currently owned by company insiders.

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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.

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

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