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PS Business Parks, Inc. (PSB)

Stock Price: $159.60 USD -1.39 (-0.86%)
Updated Jun 11, 2021 4:00 PM EDT - Market closed
Market Cap 4.39B
Revenue (ttm) 417.45M
Net Income (ttm) 110.92M
Shares Out 27.53M
EPS (ttm) 4.02
PE Ratio 39.70
Forward PE n/a
Dividend $4.20
Dividend Yield 2.63%
Trading Day June 11
Last Price $159.60
Previous Close $160.99
Change ($) -1.39
Change (%) -0.86%
Day's Open 161.44
Day's Range 158.43 - 162.38
Day's Volume 102,697
52-Week Range 107.68 - 165.85

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GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) (the “Company”) announced today that the Company will make a virtual presentation at REITweek 2021 on Tuesday, June 8, 2021, from 1:...

6 days ago - Business Wire

PS Business Parks (PSB) reported earnings 30 days ago. What's next for the stock?

2 weeks ago - Zacks Investment Research

GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) (the “Company”) announced today that it has completed the reincorporation of the Company from the State of California to the State o...

3 weeks ago - Business Wire

GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) (the “Company”) announced today that John W. Petersen will resign as Executive Vice President and Chief Operating Officer of the Com...

1 month ago - Business Wire

PS Business Parks' (PSB) Q1 results highlight flat net operating income and higher general and administrative expense.

1 month ago - Zacks Investment Research

PS Business Parks (PSB) delivered FFO and revenue surprises of 0.00% and 2.90%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) reported operating results for the three months ended March 31, 2021. Operating Results for the Three Months Ended March 31, 2021 Ne...

1 month ago - Business Wire

GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) (the “Company”) announced today that its Board of Directors elected Dan “Mac” Chandler, III and Irene H. Oh to the Board of Director...

Other stocks mentioned: REG
1 month ago - Business Wire

GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) announced today that it intends to release its first quarter 2021 earnings after the close of business on Tuesday, April 27, 2021. A...

2 months ago - Business Wire

PS Business Parks (PSB) reported earnings 30 days ago. What's next for the stock?

2 months ago - Zacks Investment Research

GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) announced today that Dan “Mac” Chandler, III has been appointed as the Company's President and Chief Executive Officer, effective Ap...

3 months ago - Business Wire

PS Business Parks' (PSB) Q4 results highlight increased cash rental income from the occupied part of its same-park portfolio, though lower weighted average occupancy played spoilsport.

3 months ago - Zacks Investment Research

Shares of PS Business Parks (NYSE:PSB) moved lower in after-market trading after the company reported Q4 results. Quarterly Results Earnings per share increased 0.61% year over year to $1.66, which beat...

3 months ago - Benzinga

GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) reported operating results for the quarter and year ended December 31, 2020. Operating Results for the Three Months and Year Ended D...

3 months ago - Business Wire

GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) announced today that it intends to release its fourth quarter 2020 earnings after the close of business on Monday, February 22, 2021...

4 months ago - Business Wire

GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) announced today the tax treatment of the Company's 2020 dividends. For the tax year ended December 31, 2020, 100% of the distributio...

4 months ago - Business Wire

PS Business Parks owns and operates a light industrial, flex, and office space mainly in gateway markets. Their stock price remains significantly depressed compared to a year ago.

5 months ago - Seeking Alpha

PS Business Parks is faring well in the current environment, with growth in cash rental rates and an improving rent collection rate. I see PSB returning to growth mode next year, with its value-creating...

5 months ago - Seeking Alpha

PS Business Parks (PSB) will likely gain from its diversified portfolio, asset-repositioning moves and balance-sheet strength though a sluggish economy and rent-collection woes are concerns.

6 months ago - Zacks Investment Research

Investors fear that Biden's policies could hurt businesses. But not all businesses are created equal.

Other stocks mentioned: AVB, BAM, DG, FB, FRT, KIM, PLD ...
7 months ago - Seeking Alpha

The outcome of the presidential election will have an impact on taxes and regulation. This will cause some REITs to perform better than others.

Other stocks mentioned: BNL, ESRT, FRT, MNR, UBA, UBP
7 months ago - Seeking Alpha

While PS Business Parks' (PSB) Q3 results reflect substantial rent collections, decline in same-park NOI and occupancy is a concern.

7 months ago - Zacks Investment Research

PS Business Parks, Inc. (PSB) CEO John Petersen on Q3 2020 Results - Earnings Call Transcript

7 months ago - Seeking Alpha

GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) reported operating results for the three and nine months ended September 30, 2020 and announced that it acquired a 246,000 square fo...

7 months ago - Business Wire

Elevated unemployment rates in the American economy remains.

8 months ago - Seeking Alpha

GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) announced today that it intends to release its third quarter 2020 earnings after the close of business on Wednesday, October 28, 202...

8 months ago - Business Wire

The Key To Just-About-Assured Pandemic Profits (And It's Not ETFs)

Other stocks mentioned: IRM, O
8 months ago - Seeking Alpha

It’s a very comforting phenomena that we’re always going to see the sun appear to rise and set

Other stocks mentioned: AVB, O
8 months ago - Seeking Alpha

When you buy stocks on margin, you’re essentially leveraging investment returns with debt, and assets carried on high margin involves substantial risk.

Other stocks mentioned: ESS, HTA
8 months ago - Seeking Alpha

PS Business Parks' (PSB) pace of rent collections in August outdoes its experience in each of the prior months, starting from April through July.

8 months ago - Zacks Investment Research

GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc.

8 months ago - Business Wire

PS Business Parks: Wait For A Better Margin Of Safety

9 months ago - Seeking Alpha

PS Business Parks (PSB) reported earnings 30 days ago. What's next for the stock?

9 months ago - Zacks Investment Research

PS Business Parks (PSB) will likely gain from its diversified portfolio, asset-repositioning moves and balance-sheet strength though a sluggish economy and rent-collection woes are concerns.

9 months ago - Zacks Investment Research

GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc.

9 months ago - Business Wire

PS Business Parks, Inc. (PSB) CEO John Petersen on Q2 2020 Results - Earnings Call Transcript

10 months ago - Seeking Alpha

While PS Business Parks' (PSB) Q2 results reflect substantial rent collections in July, decline in same-park NOI and occupancy is a concern.

10 months ago - Zacks Investment Research

GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc.

10 months ago - Business Wire

Industrial REITs are being resilient to the pandemic-induced market mayhem on solid demand for space and robust rent collections.

Other stocks mentioned: DRE, PLD, REXR
10 months ago - Zacks Investment Research

GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) announced today that it intends to release its second quarter 2020 earnings after the close of business on Tuesday, August 4, 2020. ...

11 months ago - Business Wire

PS Business Parks (PSB) witnesses decline in rental receipts and weighted average occupancy for May.

1 year ago - Zacks Investment Research

Billionaire Watch List: 4 REITs Buffett Should Buy

Other stocks mentioned: BRMK, LADR, LAND
1 year ago - Seeking Alpha

PS Business Parks, Inc. (PSB) CEO John Petersen on Q1 2020 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

PS Business Parks' (PSB) Q1 results reflect same-park NOI growth, and higher NOI from non-same-park and multi-family assets.

1 year ago - Zacks Investment Research

PS Business Parks (PSB) is likely to ride high on healthy demand for industrial real estates and buyouts, though high supply and adverse impact of the coronavirus outbreak on the economy are woes.

1 year ago - Zacks Investment Research

We Are Only Buying SWANs During This Black Swan Event

Other stocks mentioned: PSA
1 year ago - Seeking Alpha

PS Business Parks (PSB) reported earnings 30 days ago. What's next for the stock?

1 year ago - Zacks Investment Research

A Worrisome Market: 2 Top Buys For Yield

Other stocks mentioned: ANH, CMO, COLD, EPR, MITT, O, SRC ...
1 year ago - Seeking Alpha

PS Business Parks' (PSB) Q4 results reflect same-park NOI growth, and higher NOI from non-same-park and multi-family assets.

1 year ago - Zacks Investment Research

PS Business Parks, Inc. (PSB) CEO Maria Hawthorne on Q4 2019 Results - Earnings Call Transcript

1 year ago - Seeking Alpha

About PSB

PS Business Parks, Inc., a member of the S&P MidCap 400, is a REIT that acquires, develops, owns, and operates commercial properties, primarily multi-tenant industrial, flex, and office space. As of September 30, 2020, the Company wholly owned 27.5 million rentable square feet with approximately 5,000 commercial customers in six states. The Company also held a 95.0% interest in a 395-unit apartment complex and a 98.2% interest in a development of a 411-unit multifamily apartment complex.

Industry
REIT-Diversified
Stock Exchange
NYSE
Ticker Symbol
PSB
Full Company Profile

Financial Performance

In 2020, PSB's revenue was $415.62 million, a decrease of -3.31% compared to the previous year's $429.85 million. Earnings were $173.55 million, a decrease of -0.81%.

Financial Statements

Analyst Forecasts

According to 4 analysts, the average rating for PSB stock is "Sell." The 12-month stock price forecast is 141.00, which is a decrease of -11.65% from the latest price.

Price Target
$141.00
(-11.65% downside)
Analyst Consensus: Sell