UBS Group AG raised its stake in PS Business Parks Inc (NYSE:PSB) by 44.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 103,774 shares of the real estate investment trust’s stock after buying an additional 32,176 shares during the quarter. UBS Group AG’s holdings in PS Business Parks were worth $17,109,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Bank of Montreal Can grew its stake in shares of PS Business Parks by 204.9% in the fourth quarter. Bank of Montreal Can now owns 125,760 shares of the real estate investment trust’s stock worth $20,734,000 after purchasing an additional 84,511 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in PS Business Parks by 234.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 36,345 shares of the real estate investment trust’s stock valued at $5,992,000 after buying an additional 25,468 shares in the last quarter. KBC Group NV increased its holdings in PS Business Parks by 288.1% in the fourth quarter. KBC Group NV now owns 28,476 shares of the real estate investment trust’s stock valued at $4,695,000 after buying an additional 21,138 shares in the last quarter. Schroder Investment Management Group increased its holdings in PS Business Parks by 497.1% in the fourth quarter. Schroder Investment Management Group now owns 22,775 shares of the real estate investment trust’s stock valued at $3,755,000 after buying an additional 18,961 shares in the last quarter. Finally, Vident Investment Advisory LLC purchased a new position in PS Business Parks in the fourth quarter valued at $2,839,000. 70.86% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on the stock. KeyCorp cut shares of PS Business Parks from a “sector weight” rating to an “underweight” rating and set a $145.00 price objective for the company. in a report on Tuesday, December 17th. Wells Fargo & Co cut shares of PS Business Parks from a “market perform” rating to an “underperform” rating and set a $175.00 price objective for the company. in a report on Tuesday, December 10th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $171.00.

PSB traded up $8.63 on Thursday, reaching $124.55. The stock had a trading volume of 14,527 shares, compared to its average volume of 196,957. PS Business Parks Inc has a 12-month low of $102.48 and a 12-month high of $192.13. The business’s 50-day moving average price is $151.97 and its two-hundred day moving average price is $169.11. The company has a market cap of $3.18 billion, a P/E ratio of 30.85, a price-to-earnings-growth ratio of 3.49 and a beta of 0.56.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be given a $1.05 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $4.20 annualized dividend and a dividend yield of 3.37%. PS Business Parks’s dividend payout ratio (DPR) is 61.95%.

About PS Business Parks

PS Business Parks, Inc, a member of the S&P SmallCap 600, is a REIT that acquires, develops, owns and operates commercial properties, primarily multi-tenant industrial, flex and office space. As of December 31, 2018, the Company wholly owned 28.2 million rentable square feet with approximately 5,050 commercial customers in six states and held a 95.0% interest in a 395-unit apartment complex.

Further Reading: Current Ratio

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Institutional Ownership by Quarter for PS Business Parks (NYSE:PSB)

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