PS Business Parks, Inc. (NYSE:PSB) Director Sara Grootwassink Lewis sold 5,137 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $134.03, for a total value of $688,512.11. Following the completion of the transaction, the director now directly owns 4,377 shares in the company, valued at approximately $586,649.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

PS Business Parks, Inc. (NYSE:PSB) traded up 1.38% on Thursday, hitting $134.82. The stock had a trading volume of 64,094 shares. PS Business Parks, Inc. has a 52-week low of $102.32 and a 52-week high of $137.34. The company has a 50 day moving average price of $133.37 and a 200-day moving average price of $125.67. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 44.03 and a beta of 0.60.

PS Business Parks (NYSE:PSB) last issued its quarterly earnings data on Tuesday, July 25th. The real estate investment trust reported $1.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.88. The business had revenue of $99.80 million during the quarter, compared to analysts’ expectations of $100.81 million. PS Business Parks had a return on equity of 16.50% and a net margin of 39.05%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.36 EPS. On average, equities research analysts predict that PS Business Parks, Inc. will post $3.13 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Stockholders of record on Wednesday, September 13th will be issued a $0.85 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $3.40 annualized dividend and a dividend yield of 2.52%. PS Business Parks’s dividend payout ratio (DPR) is presently 111.11%.

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Several research analysts have recently commented on PSB shares. BidaskClub downgraded PS Business Parks from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research downgraded PS Business Parks from a “buy” rating to a “hold” rating in a research note on Monday, May 29th. Finally, KeyCorp reaffirmed a “hold” rating on shares of PS Business Parks in a research note on Friday, August 25th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors LLC acquired a new position in PS Business Parks in the 2nd quarter worth about $560,000. Susquehanna International Group LLP raised its holdings in PS Business Parks by 76.8% in the 2nd quarter. Susquehanna International Group LLP now owns 45,367 shares of the real estate investment trust’s stock worth $6,006,000 after purchasing an additional 19,706 shares during the period. Coldstream Capital Management Inc. acquired a new position in PS Business Parks in the 2nd quarter worth about $237,000. State Street Corp raised its holdings in PS Business Parks by 3.2% in the 2nd quarter. State Street Corp now owns 802,768 shares of the real estate investment trust’s stock worth $106,276,000 after purchasing an additional 25,046 shares during the period. Finally, Shelton Capital Management acquired a new position in PS Business Parks in the 2nd quarter worth about $257,000. 72.36% of the stock is owned by institutional investors.

About PS Business Parks

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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