Media coverage about PS Business Parks (NYSE:PSB) has trended somewhat positive recently, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PS Business Parks earned a media sentiment score of 0.02 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 46.9408070473669 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
PS Business Parks (PSB) opened at $132.41 on Thursday. PS Business Parks has a 52-week low of $106.86 and a 52-week high of $137.60. The stock has a market capitalization of $3,678.62, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 4.42 and a beta of 0.57.
PS Business Parks (NYSE:PSB) last issued its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $1.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.87. PS Business Parks had a return on equity of 16.95% and a net margin of 39.78%. The firm had revenue of $100.48 million during the quarter, compared to the consensus estimate of $99.55 million. During the same quarter in the previous year, the company posted $1.43 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. equities analysts expect that PS Business Parks will post 6.11 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Wednesday, December 13th will be given a $0.85 dividend. The ex-dividend date is Tuesday, December 12th. This represents a $3.40 annualized dividend and a yield of 2.57%. PS Business Parks’s payout ratio is 113.33%.
Several research firms recently commented on PSB. Zacks Investment Research downgraded PS Business Parks from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. KeyCorp reiterated a “hold” rating on shares of PS Business Parks in a research report on Friday, August 25th. Finally, BidaskClub downgraded PS Business Parks from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th.
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In other news, Director Jennifer Holden Dunbar sold 4,000 shares of the business’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $130.69, for a total transaction of $522,760.00. Following the completion of the sale, the director now owns 4,000 shares in the company, valued at $522,760. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider John W. Petersen sold 3,000 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $132.22, for a total value of $396,660.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,256 shares of company stock valued at $4,598,907. Corporate insiders own 1.63% of the company’s stock.
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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