PS Business Parks (NYSE:PSB) will announce its earnings results after the market closes on Monday, April 23rd.
PS Business Parks (NYSE:PSB) last announced its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.01). The firm had revenue of $101.84 million for the quarter, compared to analysts’ expectations of $101.56 million. PS Business Parks had a net margin of 40.29% and a return on equity of 17.35%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.39 EPS. On average, analysts expect PS Business Parks to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of PSB opened at $115.00 on Friday. The company has a market cap of $3,212.23, a P/E ratio of 18.84 and a beta of 0.47. PS Business Parks has a 1 year low of $107.91 and a 1 year high of $137.60.
Several equities analysts recently issued reports on PSB shares. Zacks Investment Research raised shares of PS Business Parks from a “sell” rating to a “hold” rating in a research note on Tuesday, February 27th. JPMorgan Chase reduced their price objective on shares of PS Business Parks from $135.00 to $123.00 and set an “underweight” rating on the stock in a research note on Wednesday, February 14th.
In related news, insider John W. Petersen sold 5,104 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $111.67, for a total transaction of $569,963.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.63% of the company’s stock.
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About PS Business Parks
PS Business Parks, Inc, a member of the S&P SmallCap 600, is a real estate investment trust (?REIT?) that acquires, develops, owns and operates commercial properties, primarily multi-tenant flex, office and industrial space. The Company defines ?flex? space as buildings that are configured with a combination of office and warehouse space and can be designed to fit a number of uses (including office, assembly, showroom, laboratory, light manufacturing and warehouse space).
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