PS Business Parks, Inc. (NYSE:PSB) Director Joseph D. Russell, Jr. sold 2,500 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $131.50, for a total value of $328,750.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Joseph D. Russell, Jr. also recently made the following trade(s):

  • On Thursday, September 14th, Joseph D. Russell, Jr. sold 800 shares of PS Business Parks stock. The shares were sold at an average price of $133.00, for a total value of $106,400.00.

PS Business Parks, Inc. (PSB) traded down $2.90 during trading hours on Tuesday, hitting $128.37. The company had a trading volume of 77,097 shares, compared to its average volume of 93,905. PS Business Parks, Inc. has a fifty-two week low of $108.97 and a fifty-two week high of $137.60. The firm has a market capitalization of $3,610.76, a PE ratio of 22.08, a price-to-earnings-growth ratio of 4.34 and a beta of 0.56.

PS Business Parks (NYSE:PSB) last released its quarterly earnings results on Tuesday, October 24th. The real estate investment trust reported $1.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.87. PS Business Parks had a return on equity of 16.95% and a net margin of 39.78%. The business had revenue of $100.48 million for the quarter, compared to analysts’ expectations of $99.55 million. During the same quarter in the previous year, the firm posted $1.43 earnings per share. The company’s revenue was up 3.2% compared to the same quarter last year. equities research analysts expect that PS Business Parks, Inc. will post 6.11 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Wednesday, December 13th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Tuesday, December 12th. PS Business Parks’s payout ratio is currently 113.33%.

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in PS Business Parks by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 3,300,402 shares of the real estate investment trust’s stock worth $436,940,000 after buying an additional 20,434 shares in the last quarter. State Street Corp lifted its position in shares of PS Business Parks by 3.2% during the 2nd quarter. State Street Corp now owns 802,768 shares of the real estate investment trust’s stock valued at $106,276,000 after acquiring an additional 25,046 shares during the last quarter. Northern Trust Corp lifted its position in shares of PS Business Parks by 3.7% during the 2nd quarter. Northern Trust Corp now owns 524,636 shares of the real estate investment trust’s stock valued at $69,457,000 after acquiring an additional 18,570 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of PS Business Parks by 6.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 366,710 shares of the real estate investment trust’s stock valued at $48,956,000 after acquiring an additional 22,900 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of PS Business Parks by 3.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 310,123 shares of the real estate investment trust’s stock valued at $41,401,000 after acquiring an additional 9,725 shares during the last quarter. 71.97% of the stock is owned by institutional investors.

PSB has been the subject of a number of research reports. Zacks Investment Research raised PS Business Parks from a “hold” rating to a “buy” rating and set a $152.00 price target for the company in a research report on Tuesday, September 5th. KeyCorp reissued a “hold” rating on shares of PS Business Parks in a research report on Friday, August 25th. Finally, BidaskClub downgraded PS Business Parks from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th.

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PS Business Parks Company Profile

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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