PS Business Parks Inc (NYSE:PSB) Position Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in shares of PS Business Parks Inc (NYSE:PSB) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 310,123 shares of the real estate investment trust’s stock after buying an additional 9,725 shares during the quarter. Dimensional Fund Advisors LP owned about 1.14% of PS Business Parks worth $41,401,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in PS Business Parks by 0.6% during the second quarter. Vanguard Group Inc. now owns 3,300,402 shares of the real estate investment trust’s stock worth $436,940,000 after acquiring an additional 20,434 shares in the last quarter. State Street Corp boosted its stake in PS Business Parks by 3.2% during the second quarter. State Street Corp now owns 802,768 shares of the real estate investment trust’s stock worth $106,276,000 after acquiring an additional 25,046 shares in the last quarter. Northern Trust Corp boosted its stake in PS Business Parks by 3.7% during the second quarter. Northern Trust Corp now owns 524,636 shares of the real estate investment trust’s stock worth $69,457,000 after acquiring an additional 18,570 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in PS Business Parks by 6.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 366,710 shares of the real estate investment trust’s stock worth $48,956,000 after acquiring an additional 22,900 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in PS Business Parks by 1.1% during the third quarter. JPMorgan Chase & Co. now owns 273,750 shares of the real estate investment trust’s stock worth $36,518,000 after acquiring an additional 2,991 shares in the last quarter. Institutional investors own 71.85% of the company’s stock.

PS Business Parks Inc (PSB) opened at $120.67 on Thursday. PS Business Parks Inc has a 12 month low of $108.97 and a 12 month high of $137.60. The stock has a market cap of $3,226.80, a price-to-earnings ratio of 40.22, a P/E/G ratio of 3.68 and a beta of 0.56.

PS Business Parks (NYSE:PSB) last released its quarterly earnings data on Tuesday, October 24th. The real estate investment trust reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.87. PS Business Parks had a net margin of 39.78% and a return on equity of 16.95%. The firm had revenue of $100.48 million for the quarter, compared to analyst estimates of $99.55 million. During the same period last year, the firm earned $1.43 earnings per share. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. equities analysts anticipate that PS Business Parks Inc will post 6.03 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Wednesday, December 13th were paid a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend was Tuesday, December 12th. PS Business Parks’s dividend payout ratio (DPR) is 113.33%.

In other PS Business Parks news, Director Joseph D. Russell, Jr. sold 2,500 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $131.50, for a total value of $328,750.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ronald L. Havner, Jr. sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $136.61, for a total transaction of $546,440.00. The disclosure for this sale can be found here. Insiders sold 9,370 shares of company stock worth $1,257,849 over the last ninety days. Insiders own 1.63% of the company’s stock.

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered shares of PS Business Parks from a “neutral” rating to an “underweight” rating and set a $135.00 target price on the stock. in a research note on Friday, December 15th. Zacks Investment Research lowered shares of PS Business Parks from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd.

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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.

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

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