PS Business Parks, Inc. (NYSE:PSB) Director Joseph D. Russell, Jr. sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $133.37, for a total value of $333,425.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

PS Business Parks, Inc. (PSB) opened at 133.05 on Friday. The firm has a market capitalization of $3.62 billion, a PE ratio of 43.45 and a beta of 0.59. The firm’s 50-day moving average price is $131.55 and its 200-day moving average price is $123.79. PS Business Parks, Inc. has a 1-year low of $102.32 and a 1-year high of $136.27.

PS Business Parks (NYSE:PSB) last released its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $1.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.88. The firm had revenue of $99.80 million for the quarter, compared to analyst estimates of $100.81 million. PS Business Parks had a net margin of 39.05% and a return on equity of 16.50%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.36 EPS. On average, equities research analysts predict that PS Business Parks, Inc. will post $3.12 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Shareholders of record on Wednesday, September 13th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $3.40 annualized dividend and a yield of 2.56%. PS Business Parks’s dividend payout ratio is presently 111.11%.

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A number of research firms recently commented on PSB. KeyCorp reiterated a “hold” rating on shares of PS Business Parks in a report on Friday. BidaskClub cut PS Business Parks from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Zacks Investment Research upgraded PS Business Parks from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a report on Tuesday, May 30th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC bought a new position in PS Business Parks during the second quarter valued at $560,000. Susquehanna International Group LLP raised its position in PS Business Parks by 76.8% in the second quarter. Susquehanna International Group LLP now owns 45,367 shares of the real estate investment trust’s stock valued at $6,006,000 after buying an additional 19,706 shares in the last quarter. Coldstream Capital Management Inc. bought a new position in PS Business Parks during the second quarter valued at $237,000. State Street Corp raised its position in PS Business Parks by 3.2% in the second quarter. State Street Corp now owns 802,768 shares of the real estate investment trust’s stock valued at $106,276,000 after buying an additional 25,046 shares in the last quarter. Finally, Shelton Capital Management bought a new position in PS Business Parks during the second quarter valued at $257,000. Hedge funds and other institutional investors own 71.40% of the company’s stock.

PS Business Parks Company Profile

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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