TD Asset Management Inc. lifted its position in shares of PS Business Parks Inc (NYSE:PSB) by 3.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 22,340 shares of the real estate investment trust’s stock after buying an additional 700 shares during the period. TD Asset Management Inc. owned 0.08% of PS Business Parks worth $2,982,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in PSB. Aperio Group LLC lifted its stake in shares of PS Business Parks by 4.7% during the second quarter. Aperio Group LLC now owns 9,764 shares of the real estate investment trust’s stock valued at $1,293,000 after buying an additional 438 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of PS Business Parks by 25.1% during the second quarter. Russell Investments Group Ltd. now owns 32,413 shares of the real estate investment trust’s stock valued at $4,291,000 after buying an additional 6,508 shares during the period. Municipal Employees Retirement System of Michigan lifted its stake in shares of PS Business Parks by 3.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 4,610 shares of the real estate investment trust’s stock valued at $610,000 after buying an additional 150 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of PS Business Parks by 20.0% during the second quarter. Daiwa Securities Group Inc. now owns 1,800 shares of the real estate investment trust’s stock valued at $238,000 after buying an additional 300 shares during the period. Finally, Texas Permanent School Fund lifted its stake in shares of PS Business Parks by 1.0% during the second quarter. Texas Permanent School Fund now owns 14,291 shares of the real estate investment trust’s stock valued at $1,892,000 after buying an additional 145 shares during the period. 71.97% of the stock is currently owned by institutional investors and hedge funds.

Shares of PS Business Parks Inc (NYSE:PSB) traded up $0.70 on Friday, hitting $129.85. 50,362 shares of the company traded hands, compared to its average volume of 84,699. The stock has a market capitalization of $3,519.20, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 4.23 and a beta of 0.56. PS Business Parks Inc has a fifty-two week low of $108.97 and a fifty-two week high of $137.60.

PS Business Parks (NYSE:PSB) last posted its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.87. The company had revenue of $100.48 million for the quarter, compared to the consensus estimate of $99.55 million. PS Business Parks had a net margin of 39.78% and a return on equity of 16.95%. PS Business Parks’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.43 earnings per share. analysts forecast that PS Business Parks Inc will post 6.11 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Wednesday, December 13th will be paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date of this dividend is Tuesday, December 12th. PS Business Parks’s dividend payout ratio is currently 113.33%.

Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of PS Business Parks from a “hold” rating to a “buy” rating and set a $152.00 price objective on the stock in a research note on Tuesday, September 5th. KeyCorp reissued a “hold” rating on shares of PS Business Parks in a research note on Friday, August 25th.

In other PS Business Parks news, Director Sara Grootwassink Lewis sold 5,137 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $134.03, for a total transaction of $688,512.11. Following the transaction, the director now owns 4,377 shares of the company’s stock, valued at $586,649.31. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Joseph D. Russell, Jr. sold 2,500 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $131.50, for a total transaction of $328,750.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,120 shares of company stock worth $3,123,381. 1.63% of the stock is currently owned by insiders.

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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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