Media stories about PS Business Parks (NYSE:PSB) have trended positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. 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 0.33 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 45.7197250610488 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of equities analysts recently weighed in on PSB shares. Zacks Investment Research raised PS Business Parks from a “hold” rating to a “buy” rating and set a $139.00 price objective on the stock in a report on Tuesday, June 12th. JPMorgan Chase & Co. raised PS Business Parks from an “underweight” rating to a “neutral” rating and set a $122.00 price objective on the stock in a report on Friday, June 15th. Finally, Citigroup decreased their price objective on PS Business Parks from $111.00 to $107.00 and set a “sell” rating on the stock in a report on Tuesday, April 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. PS Business Parks presently has a consensus rating of “Hold” and an average target price of $122.67.
Shares of NYSE PSB opened at $132.00 on Friday. The stock has a market cap of $3.61 billion, a P/E ratio of 21.53 and a beta of 0.47. PS Business Parks has a 1-year low of $107.91 and a 1-year high of $137.60.
PS Business Parks (NYSE:PSB) last announced its quarterly earnings data on Tuesday, April 24th. The real estate investment trust reported $1.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.92. The company had revenue of $103.75 million for the quarter, compared to analysts’ expectations of $101.77 million. PS Business Parks had a return on equity of 18.57% and a net margin of 43.04%. PS Business Parks’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period last year, the firm posted $0.97 EPS. research analysts anticipate that PS Business Parks will post 6.37 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 28th. Investors of record on Wednesday, June 13th were issued a dividend of $0.85 per share. The ex-dividend date was Tuesday, June 12th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.58%. PS Business Parks’s dividend payout ratio is 55.46%.
In related news, Director Sara Grootwassink Lewis sold 7,068 shares of the firm’s stock in a transaction that occurred on Friday, June 15th. The stock was sold at an average price of $124.45, for a total transaction of $879,612.60. Following the transaction, the director now directly owns 4,068 shares in the company, valued at approximately $506,262.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James H. Kropp sold 1,768 shares of the firm’s stock in a transaction that occurred on Wednesday, May 9th. The stock was sold at an average price of $117.91, for a total value of $208,464.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,995 shares of company stock worth $2,397,433. 1.63% of the stock is owned by corporate insiders.
About PS Business Parks
PS Business Parks, Inc, a member of the S&P SmallCap 600, is a real estate investment trust (?REIT?) that acquires, develops, owns and operates commercial properties, primarily multi-tenant flex, office and industrial space. The Company defines ?flex? space as buildings that are configured with a combination of office and warehouse space and can be designed to fit a number of uses (including office, assembly, showroom, laboratory, light manufacturing and warehouse space).
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