PS Business Parks, Inc. (NYSE:PSB) posted its earnings results on Tuesday. The real estate investment trust reported $1.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.87, Bloomberg Earnings reports. PS Business Parks had a net margin of 39.05% and a return on equity of 16.50%. The business had revenue of $100.48 million for the quarter, compared to analyst estimates of $99.55 million. During the same quarter in the prior year, the firm earned $1.43 EPS. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year.

Shares of PS Business Parks (NYSE PSB) opened at 132.88 on Wednesday. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 43.40 and a beta of 0.60. The stock has a 50 day moving average of $135.02 and a 200 day moving average of $130.01. PS Business Parks has a 12-month low of $102.32 and a 12-month high of $137.60.

Several research firms have recently weighed in on PSB. BidaskClub lowered shares of PS Business Parks from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research lowered shares of PS Business Parks from a “buy” rating to a “hold” rating in a report on Monday, September 18th. Finally, KeyCorp reaffirmed a “hold” rating on shares of PS Business Parks in a report on Friday, August 25th.

In other PS Business Parks news, Director Joseph D. Russell, Jr. sold 800 shares of PS Business Parks stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $133.00, for a total value of $106,400.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert S. Rollo sold 8,613 shares of PS Business Parks stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $136.24, for a total value of $1,173,435.12. Following the completion of the transaction, the director now owns 7,515 shares in the company, valued at approximately $1,023,843.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,186 shares of company stock valued at $4,319,064. 1.63% of the stock is owned by insiders.

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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.

Earnings History for PS Business Parks (NYSE:PSB)

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