PS Business Parks (NYSE:PSB) insider John W. Petersen sold 3,659 shares of the firm’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $117.30, for a total value of $429,200.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

John W. Petersen also recently made the following trade(s):

  • On Tuesday, March 6th, John W. Petersen sold 5,104 shares of PS Business Parks stock. The stock was sold at an average price of $111.67, for a total value of $569,963.68.

PS Business Parks opened at $117.27 on Wednesday, MarketBeat Ratings reports. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 18.99 and a beta of 0.47. PS Business Parks has a 1 year low of $116.54 and a 1 year high of $117.29.

PS Business Parks (NYSE:PSB) last released its earnings results on Tuesday, April 24th. The real estate investment trust reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.92. The firm had revenue of $103.75 million during the quarter, compared to analysts’ expectations of $101.77 million. PS Business Parks had a return on equity of 18.57% and a net margin of 43.04%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 EPS. equities analysts forecast that PS Business Parks will post 6.28 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Wednesday, June 13th will be issued a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Tuesday, June 12th. PS Business Parks’s dividend payout ratio (DPR) is presently 55.46%.

Several brokerages recently commented on PSB. Citigroup dropped their price objective on PS Business Parks from $111.00 to $107.00 and set a “sell” rating on the stock in a research note on Tuesday, April 24th. Zacks Investment Research raised PS Business Parks from a “sell” rating to a “hold” rating in a research note on Tuesday, February 27th. Finally, JPMorgan Chase dropped their price objective on PS Business Parks from $135.00 to $123.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. PS Business Parks currently has an average rating of “Hold” and a consensus target price of $127.33.

Hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP increased its holdings in PS Business Parks by 84.7% during the 1st quarter. Quantbot Technologies LP now owns 1,522 shares of the real estate investment trust’s stock worth $172,000 after purchasing an additional 698 shares in the last quarter. Natixis bought a new position in PS Business Parks during the 1st quarter worth about $213,000. Meadow Creek Investment Management LLC increased its holdings in PS Business Parks by 32.8% during the 4th quarter. Meadow Creek Investment Management LLC now owns 1,958 shares of the real estate investment trust’s stock worth $245,000 after purchasing an additional 484 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in PS Business Parks by 23.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 2,600 shares of the real estate investment trust’s stock worth $294,000 after purchasing an additional 500 shares in the last quarter. Finally, Profund Advisors LLC increased its holdings in PS Business Parks by 28.7% during the 1st quarter. Profund Advisors LLC now owns 3,120 shares of the real estate investment trust’s stock worth $353,000 after purchasing an additional 696 shares in the last quarter. Hedge funds and other institutional investors own 71.27% of the company’s stock.

About PS Business Parks

PS Business Parks, Inc, a member of the S&P SmallCap 600, is a real estate investment trust (?REIT?) that acquires, develops, owns and operates commercial properties, primarily multi-tenant flex, office and industrial space. The Company defines ?flex? space as buildings that are configured with a combination of office and warehouse space and can be designed to fit a number of uses (including office, assembly, showroom, laboratory, light manufacturing and warehouse space).

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

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