PS Business Parks Inc (NYSE:PSB) CEO Maria R. Hawthorne sold 10,000 shares of the business’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $140.96, for a total transaction of $1,409,600.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

NYSE:PSB opened at $138.25 on Thursday. PS Business Parks Inc has a one year low of $107.91 and a one year high of $143.54. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 22.55, a P/E/G ratio of 4.42 and a beta of 0.38.

PS Business Parks (NYSE:PSB) last released its quarterly earnings data on Tuesday, October 23rd. The real estate investment trust reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.56. PS Business Parks had a net margin of 53.92% and a return on equity of 22.57%. The firm had revenue of $103.81 million for the quarter, compared to the consensus estimate of $100.03 million. Equities research analysts predict that PS Business Parks Inc will post 6.45 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Shareholders of record on Wednesday, December 12th will be issued a $1.05 dividend. The ex-dividend date is Tuesday, December 11th. This represents a $4.20 annualized dividend and a dividend yield of 3.04%. PS Business Parks’s dividend payout ratio is currently 68.52%.

Large investors have recently added to or reduced their stakes in the business. Northern Trust Corp increased its holdings in shares of PS Business Parks by 0.3% in the second quarter. Northern Trust Corp now owns 540,091 shares of the real estate investment trust’s stock valued at $69,401,000 after purchasing an additional 1,830 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of PS Business Parks by 2.2% in the second quarter. Rhumbline Advisers now owns 72,504 shares of the real estate investment trust’s stock valued at $9,317,000 after purchasing an additional 1,529 shares during the last quarter. Aperio Group LLC increased its holdings in shares of PS Business Parks by 4.9% in the second quarter. Aperio Group LLC now owns 9,418 shares of the real estate investment trust’s stock valued at $1,210,000 after purchasing an additional 440 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of PS Business Parks by 31.6% in the third quarter. American Century Companies Inc. now owns 285,486 shares of the real estate investment trust’s stock valued at $36,282,000 after purchasing an additional 68,506 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of PS Business Parks by 9.1% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 20,397 shares of the real estate investment trust’s stock valued at $2,621,000 after purchasing an additional 1,700 shares during the last quarter. Hedge funds and other institutional investors own 71.47% of the company’s stock.

PSB has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of PS Business Parks from a “hold” rating to a “buy” rating in a report on Tuesday, November 6th. Zacks Investment Research downgraded shares of PS Business Parks from a “hold” rating to a “sell” rating in a report on Tuesday, October 9th. Finally, Wells Fargo & Co boosted their target price on shares of PS Business Parks from $121.00 to $131.00 and gave the stock a “market perform” rating in a report on Thursday, August 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $124.75.

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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 September 30, 2018, the Company wholly owned 28.3 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.

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