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PS Business Parks, Inc. (PSB)

Stock Price: $146.93 USD 3.39 (2.36%)
Updated Mar 5, 2021 4:00 PM EST - Market closed
Market Cap 4.04B
Revenue (ttm) 415.62M
Net Income (ttm) 124.65M
Shares Out 27.48M
EPS (ttm) 4.52
PE Ratio 32.51
Forward PE n/a
Dividend $4.20
Dividend Yield 2.86%
Trading Day March 5
Last Price $146.93
Previous Close $143.54
Change ($) 3.39
Change (%) 2.36%
Day's Open 145.51
Day's Range 143.88 - 147.47
Day's Volume 73,820
52-Week Range 99.99 - 151.27

News

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Business Wire - 4 days ago

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, ef...

Zacks Investment Research - 1 week ago

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.

Benzinga - 1 week ago

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, ...

Business Wire - 1 week ago

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 Ye...

Business Wire - 1 month ago

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, Februar...

Business Wire - 1 month ago

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 d...

Seeking Alpha - 2 months ago

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.

Seeking Alpha - 2 months ago

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 valu...

Zacks Investment Research - 3 months ago

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.

Seeking Alpha - 3 months ago

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, SKT, VNQ
Seeking Alpha - 4 months ago

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
Zacks Investment Research - 4 months ago

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

Seeking Alpha - 4 months ago

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

Business Wire - 4 months ago

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...

Seeking Alpha - 4 months ago

Elevated unemployment rates in the American economy remains.

Business Wire - 5 months ago

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, Octob...

Seeking Alpha - 5 months ago

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

Other stocks mentioned: IRM, O
Seeking Alpha - 5 months ago

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
Seeking Alpha - 5 months ago

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
Zacks Investment Research - 5 months ago

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

Business Wire - 5 months ago

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

Seeking Alpha - 5 months ago

PS Business Parks: Wait For A Better Margin Of Safety

Zacks Investment Research - 6 months ago

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

Zacks Investment Research - 6 months ago

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.

Business Wire - 6 months ago

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

Seeking Alpha - 7 months ago

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

Zacks Investment Research - 7 months ago

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

Business Wire - 7 months ago

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

Zacks Investment Research - 7 months ago

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
Business Wire - 7 months ago

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...

Zacks Investment Research - 9 months ago

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

Seeking Alpha - 9 months ago

Billionaire Watch List: 4 REITs Buffett Should Buy

Other stocks mentioned: BRMK, LADR, LAND
Seeking Alpha - 10 months ago

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

Zacks Investment Research - 10 months ago

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

Zacks Investment Research - 11 months ago

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 w...

Seeking Alpha - 11 months ago

We Are Only Buying SWANs During This Black Swan Event

Other stocks mentioned: PSA
Zacks Investment Research - 11 months ago

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

Seeking Alpha - 11 months ago

A Worrisome Market: 2 Top Buys For Yield

Other stocks mentioned: ANH, CMO, COLD, EPR, MITT, O, SRC, STOR, WPC
Zacks Investment Research - 1 year ago

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

Seeking Alpha - 1 year ago

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

Zacks Investment Research - 1 year ago

While the buyout of two industrial parks will fortify PS Business Parks (PSB) presence in Silicon Valley and Southern California, the sale of office building marks its exit from Metro Park North.

Zacks Investment Research - 1 year ago

PS Business Parks (PSB) is likely to ride high with solid demand for industrial real estates and strategic buyouts, though rising supply and dilutive impact from asset sales remain woes.

Zacks Investment Research - 1 year ago

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

Seeking Alpha - 1 year ago

PS Business Parks: Another Below-5% Preferred Stock IPO

Seeking Alpha - 1 year ago

PS Business Parks, Inc.'s (PSB) CEO Maria Hawthorne on Q3 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

PS Business Parks' (PSB) Q3 result indicates Same-Park NOI growth and higher NOI from non-Same-Park and multi-family assets, though NOI reduction due to facilities sold in 2018 offset the posi...

Zacks Investment Research - 1 year ago

PS Business Parks (PSB) likely to ride high on strong demand for flex and industrial real estate and strategic buyouts in core markets; rising supply a concern.

Zacks Investment Research - 1 year ago

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

Zacks Investment Research - 1 year ago

The Fed's latest decision of a rate cut to sustain economic expansion will aid REITs. Apart from benefits from the rate cut, underlying fundamentals of certain asset categories are showing str...

Other stocks mentioned: ESS, ILPT, LAMR, PLD
Seeking Alpha - 1 year ago

PS Business Parks, Inc. (PSB) CEO Maria Hawthorne on Q2 2019 Results - Earnings Call Transcript

About PSB

PS Business Parks, 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
CEO
John W. Petersen
Employees
155
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 125.33, which is a decrease of -14.70% from the latest price.

Price Target
$125.33
(-14.70% downside)
Analyst Consensus: Sell