Shares of PS Business Parks Inc (NYSE:PSB) have been assigned an average broker rating score of 3.67 (Sell) from the three brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell recommendation and two have given a hold recommendation to the company. PS Business Parks’ rating score has declined by 22.3% in the last three months as a result of a number of analysts’ ratings changes.

Brokers have set a 12 month consensus price objective of $135.00 for the company and are expecting that the company will post $1.54 earnings per share for the current quarter, according to Zacks. Zacks has also assigned PS Business Parks an industry rank of 229 out of 265 based on the ratings given to its competitors.

PSB has been the subject 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 price target for the company in a report on Monday, October 16th. JPMorgan Chase & Co. downgraded PS Business Parks from a “neutral” rating to an “underweight” rating and set a $135.00 price target for the company. in a report on Friday, December 15th.

Shares of PS Business Parks (NYSE:PSB) traded up $0.27 during trading on Thursday, hitting $112.00. The company’s stock had a trading volume of 14,693 shares, compared to its average volume of 91,552. PS Business Parks has a 12 month low of $108.97 and a 12 month high of $137.60. The company has a market capitalization of $3,043.94, a P/E ratio of 37.01, a P/E/G ratio of 3.48 and a beta of 0.44.

In related news, Director Joseph D. Russell, Jr. sold 2,500 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $131.50, for a total transaction of $328,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert S. Rollo sold 2,070 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $135.19, for a total value of $279,843.30. The disclosure for this sale can be found here. Insiders sold 9,370 shares of company stock valued at $1,257,849 over the last 90 days. Corporate insiders own 1.63% of the company’s stock.

Several large investors have recently bought and sold shares of PSB. Flinton Capital Management LLC grew its holdings in shares of PS Business Parks by 85.7% during the second quarter. Flinton Capital Management LLC now owns 1,040 shares of the real estate investment trust’s stock worth $138,000 after buying an additional 480 shares in the last quarter. CIBC Asset Management Inc bought a new position in shares of PS Business Parks during the third quarter worth about $206,000. Coldstream Capital Management Inc. bought a new position in shares of PS Business Parks during the second quarter worth about $237,000. Shelton Capital Management bought a new position in shares of PS Business Parks during the second quarter worth about $257,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of PS Business Parks during the third quarter worth about $264,000. Institutional investors and hedge funds own 71.80% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Brokerages Anticipate PS Business Parks Inc (PSB) to Post $1.54 Earnings Per Share” was first posted by Watch List News and is owned by of Watch List News. If you are reading this news story on another website, it was illegally copied and reposted in violation of international copyright & trademark laws. The original version of this news story can be read at https://www.watchlistnews.com/brokerages-anticipate-ps-business-parks-inc-psb-to-post-1-54-earnings-per-share/1852652.html.

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.

Get a free copy of the Zacks research report on PS Business Parks (PSB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for PS Business Parks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PS Business Parks and related companies with MarketBeat.com's FREE daily email newsletter.