Positive Media Coverage Somewhat Unlikely to Impact PS Business Parks (PSB) Stock Price
Media coverage about PS Business Parks (NYSE:PSB) has been trending positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring 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 one, with scores closest to one being the most favorable. PS Business Parks earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.8292394606466 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
PS Business Parks (NYSE:PSB) opened at $112.01 on Friday. The firm has a market capitalization of $2,951.29, a PE ratio of 37.34, a price-to-earnings-growth ratio of 3.37 and a beta of 0.44. PS Business Parks has a twelve month low of $108.11 and a twelve month high of $137.60.
PSB has been the topic of several recent analyst reports. Zacks Investment Research upgraded PS Business Parks from a “hold” rating to a “buy” rating and set a $152.00 target price on the stock in a report on Monday, October 16th. JPMorgan Chase & Co. lowered 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.
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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.
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