Shares of PS Business Parks Inc (NYSE:PSB) have received a consensus broker rating score of 3.50 (Sell) from the four analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell rating and three have issued a hold rating on the company.

Brokers have set a 1-year consensus target price of $127.33 for the company and are predicting that the company will post $1.63 earnings per share for the current quarter, according to Zacks. Zacks has also assigned PS Business Parks an industry rank of 148 out of 257 based on the ratings given to related companies.

PSB has been the topic of a number of research reports. Zacks Investment Research downgraded PS Business Parks from a “buy” rating to a “hold” rating in a research note on Tuesday, September 11th. ValuEngine raised PS Business Parks from a “hold” rating to a “buy” rating in a research note on Tuesday, November 6th. Finally, Wells Fargo & Co boosted their price objective on PS Business Parks from $121.00 to $131.00 and gave the stock a “market perform” rating in a research note on Thursday, August 9th.

PSB stock traded down $1.38 during trading on Tuesday, reaching $135.97. 35,684 shares of the company’s stock were exchanged, compared to its average volume of 85,433. PS Business Parks has a 1-year low of $107.91 and a 1-year high of $139.12. The firm has a market capitalization of $3.78 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 4.31 and a beta of 0.34.

PS Business Parks (NYSE:PSB) last posted its quarterly earnings data on Tuesday, October 23rd. The real estate investment trust reported $0.92 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.56. PS Business Parks had a return on equity of 22.57% and a net margin of 53.92%. The company had revenue of $103.81 million for the quarter, compared to the consensus estimate of $100.03 million. As a group, analysts predict that PS Business Parks will post 6.42 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 27th. Stockholders of record on Wednesday, December 12th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date is Tuesday, December 11th. PS Business Parks’s dividend payout ratio is presently 68.52%.

In other news, Director Ronald L. Havner, Jr. sold 10,000 shares of the business’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $136.38, for a total transaction of $1,363,800.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ronald L. Havner, Jr. sold 15,000 shares of the business’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $137.45, for a total value of $2,061,750.00. The disclosure for this sale can be found here. Insiders sold a total of 30,500 shares of company stock worth $4,153,810 in the last three months. Company insiders own 1.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Aperio Group LLC raised its position in shares of PS Business Parks by 4.9% during the second quarter. Aperio Group LLC now owns 9,418 shares of the real estate investment trust’s stock worth $1,210,000 after purchasing an additional 440 shares during the period. Great West Life Assurance Co. Can raised its position in shares of PS Business Parks by 1.1% during the third quarter. Great West Life Assurance Co. Can now owns 39,426 shares of the real estate investment trust’s stock worth $5,013,000 after purchasing an additional 440 shares during the period. Royal Bank of Canada raised its position in shares of PS Business Parks by 5.4% during the first quarter. Royal Bank of Canada now owns 9,557 shares of the real estate investment trust’s stock worth $1,080,000 after purchasing an additional 487 shares during the period. Bessemer Group Inc. raised its position in shares of PS Business Parks by 3.2% during the second quarter. Bessemer Group Inc. now owns 16,000 shares of the real estate investment trust’s stock worth $2,056,000 after purchasing an additional 500 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of PS Business Parks by 12.9% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 4,763 shares of the real estate investment trust’s stock worth $605,000 after purchasing an additional 545 shares during the period. 70.47% of the stock is currently owned by institutional investors.

PS Business Parks Company Profile

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 industrial, flex and office space. As of June 30, 2018, the Company wholly owned 28.3 million rentable square feet with approximately 5,000 commercial customers in six states and a 95.0% interest in a 395-unit apartment complex.

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