News articles about PS Business Parks (NYSE:PSB) have trended somewhat positive on Monday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. PS Business Parks earned a news impact score of 0.22 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.4410456771365 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
PS Business Parks (PSB) opened at $114.35 on Monday. The firm has a market cap of $3,116.15, a P/E ratio of 38.12, a price-to-earnings-growth ratio of 3.58 and a beta of 0.44. PS Business Parks has a 12 month low of $107.91 and a 12 month high of $137.60.
A number of research firms have recently issued reports on PSB. JPMorgan Chase & Co. cut their price target on shares of PS Business Parks from $135.00 to $123.00 and set an “underweight” rating on the stock in a report on Wednesday, February 14th. Zacks Investment Research lowered shares of PS Business Parks from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st.
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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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