PS Business Parks Inc (NYSE:PSB) Director Joseph D. Russell, Jr. sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $131.50, for a total transaction of $328,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Joseph D. Russell, Jr. also recently made the following trade(s):

  • On Thursday, September 14th, Joseph D. Russell, Jr. sold 800 shares of PS Business Parks stock. The shares were sold at an average price of $133.00, for a total transaction of $106,400.00.

Shares of PS Business Parks Inc (NYSE:PSB) opened at $129.14 on Friday. PS Business Parks Inc has a fifty-two week low of $108.97 and a fifty-two week high of $137.60. The stock has a market cap of $3,478.59, a P/E ratio of 21.27, a PEG ratio of 4.18 and a beta of 0.56.

PS Business Parks (NYSE:PSB) last posted 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 Zacks’ consensus estimate 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 company had revenue of $100.48 million for the quarter, compared to the consensus estimate of $99.55 million. During the same period last year, the company earned $1.43 earnings per share. The firm’s revenue was up 3.2% compared to the same quarter last year. equities research analysts expect that PS Business Parks Inc will post 6.11 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Wednesday, December 13th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a $3.40 annualized dividend and a dividend yield of 2.63%. PS Business Parks’s dividend payout ratio is presently 113.33%.

Large investors have recently added to or reduced their stakes in the stock. Flinton Capital Management LLC boosted its position in 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 purchasing an additional 480 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in PS Business Parks by 0.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,236 shares of the real estate investment trust’s stock worth $164,000 after purchasing an additional 8 shares during the period. CIBC Asset Management Inc bought a new position in PS Business Parks during the third quarter worth $206,000. Everence Capital Management Inc. bought a new position in PS Business Parks during the second quarter worth $211,000. Finally, Riverhead Capital Management LLC boosted its position in PS Business Parks by 81.3% during the second quarter. Riverhead Capital Management LLC now owns 1,632 shares of the real estate investment trust’s stock worth $216,000 after purchasing an additional 732 shares during the period. 71.97% of the stock is owned by institutional investors and hedge funds.

PSB has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of PS Business Parks from a “hold” rating to a “buy” rating and set a $152.00 price target on the stock in a research report on Tuesday, September 5th. KeyCorp reiterated a “hold” rating on shares of PS Business Parks in a research report on Friday, August 25th.

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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.

Insider Buying and Selling by Quarter for PS Business Parks (NYSE:PSB)

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