PS Business Parks, Inc. (NYSE:PSB) Director Robert S. Rollo sold 2,070 shares of the stock in a transaction on Monday, November 13th. The shares were sold at an average price of $135.19, for a total value of $279,843.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

PS Business Parks, Inc. (NYSE PSB) traded down $0.09 on Wednesday, hitting $134.90. The stock had a trading volume of 151,000 shares, compared to its average volume of 94,536. The stock has a market capitalization of $3,678.62, a price-to-earnings ratio of 22.50, a P/E/G ratio of 4.42 and a beta of 0.57. PS Business Parks, Inc. has a one year low of $106.86 and a one year high of $137.60.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Wednesday, December 13th will be issued a $0.85 dividend. The ex-dividend date is Tuesday, December 12th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.52%. PS Business Parks’s payout ratio is currently 113.33%.

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A number of equities research analysts have recently commented on the company. BidaskClub downgraded PS Business Parks from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Zacks Investment Research downgraded PS Business Parks from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, KeyCorp reiterated a “hold” rating on shares of PS Business Parks in a research report on Friday, August 25th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of PS Business Parks by 0.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,236 shares of the real estate investment trust’s stock valued at $164,000 after purchasing an additional 8 shares in the last quarter. Pinebridge Investments L.P. lifted its holdings in shares of PS Business Parks by 1.1% in the second quarter. Pinebridge Investments L.P. now owns 2,578 shares of the real estate investment trust’s stock valued at $342,000 after purchasing an additional 29 shares in the last quarter. National Planning Corp lifted its holdings in shares of PS Business Parks by 0.3% in the second quarter. National Planning Corp now owns 16,531 shares of the real estate investment trust’s stock valued at $2,195,000 after purchasing an additional 53 shares in the last quarter. Amalgamated Bank lifted its holdings in shares of PS Business Parks by 5.1% in the second quarter. Amalgamated Bank now owns 2,738 shares of the real estate investment trust’s stock valued at $362,000 after purchasing an additional 132 shares in the last quarter. Finally, Texas Permanent School Fund lifted its holdings in shares of PS Business Parks by 1.0% in 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 purchasing an additional 145 shares in the last quarter. Institutional investors own 72.02% of the company’s stock.

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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