PS Business Parks (PSB) Scheduled to Post Earnings on Wednesday

PS Business Parks (NYSE:PSB) is scheduled to post its quarterly earnings results after the market closes on Wednesday, February 21st. Analysts expect PS Business Parks to post earnings of $0.71 per share for the quarter.

Shares of PS Business Parks (NYSE PSB) opened at $113.00 on Wednesday. The firm has a market cap of $3,052.39, a P/E ratio of 37.67, a P/E/G ratio of 3.49 and a beta of 0.44. PS Business Parks has a 52-week low of $107.91 and a 52-week high of $137.60.

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of PS Business Parks from a “neutral” rating to an “underweight” rating and set a $135.00 price target on the stock. in a research report on Friday, December 15th. Zacks Investment Research downgraded shares of PS Business Parks from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st.

In other PS Business Parks news, Director Ronald L. Havner, Jr. sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $136.61, for a total transaction of $546,440.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Joseph D. Russell, Jr. sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $131.50, for a total transaction of $328,750.00. The disclosure for this sale can be found here. Insiders sold a total of 7,300 shares of company stock worth $978,006 over the last quarter. 1.63% of the stock is currently owned by corporate insiders.

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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.

Earnings History for PS Business Parks (NYSE:PSB)

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