PS Business Parks Inc (PSB) Analysts See $1.49 EPS

July 17, 2017 - By Kurt Siggers

 PS Business Parks Inc (PSB) Analysts See $1.49 EPS
Investors sentiment decreased to 1 in 2016 Q4. Its down 0.11, from 1.11 in 2016Q3. It is negative, as 14 investors sold PS Business Parks Inc shares while 74 reduced holdings. 28 funds opened positions while 60 raised stakes. 18.61 million shares or 4.85% less from 19.55 million shares in 2016Q3 were reported.
Ameriprise Fincl accumulated 0.03% or 489,050 shares. Tru Of Toledo Na Oh reported 0.14% stake. Pnc Fin Group Inc Inc reported 33,805 shares or 0% of all its holdings. 20,949 are held by Comerica Financial Bank. Eaton Vance Management invested in 0% or 4,095 shares. Smith Asset Management L P holds 271 shares. Panagora Asset reported 0.09% of its portfolio in PS Business Parks Inc (NYSE:PSB). State Street holds 0.01% or 726,417 shares in its portfolio. Washington Natl Bank has 0% invested in PS Business Parks Inc (NYSE:PSB) for 25 shares. Qs Investors Lc stated it has 12,903 shares or 0.01% of all its holdings. Moreover, State Of Alaska Department Of Revenue has 0.04% invested in PS Business Parks Inc (NYSE:PSB) for 4,160 shares. Dupont Corp holds 0.07% in PS Business Parks Inc (NYSE:PSB) or 26,660 shares. New York State Teachers Retirement System, New York-based fund reported 73,229 shares. Bessemer Gp holds 0.01% or 20,700 shares. Putnam Investments Limited Liability Company reported 5,216 shares.

Since March 7, 2017, it had 0 insider purchases, and 7 insider sales for $3.69 million activity. On Tuesday, May 9 the insider STOKX EDWARD A sold $854,894. 10,344 shares were sold by HAVNER RONALD L JR, worth $1.20M. Shares for $454,404 were sold by Petersen John W on Friday, June 2. KROPP JAMES H also sold $219,645 worth of PS Business Parks Inc (NYSE:PSB) on Wednesday, May 10. On Monday, March 13 the insider RUSSELL JOSEPH D JR sold $276,532.

Wall Street await PS Business Parks Inc (NYSE:PSB) to release earnings on July, 25. Analysts forecast earnings per share of $1.49, up exactly $0.13 or 9.56 % from 2014’s $1.36 EPS. The expected PSB’s profit could reach $40.55M giving the stock 21.95 P/E in the case that $1.49 earnings per share is reported. After posting $1.52 EPS for the previous quarter, PS Business Parks Inc’s analysts now forecast -1.97 % negative EPS growth. About 67,007 shares traded. PS Business Parks Inc (NYSE:PSB) has risen 25.32% since July 17, 2016 and is uptrending. It has outperformed by 8.62% the S&P500.

PS Business Parks Inc (NYSE:PSB) Ratings Coverage

Among 2 analysts covering Ps Business Parks Inc. (NYSE:PSB), 0 have Buy rating, 1 Sell and 1 Hold. Therefore 0 are positive. Ps Business Parks Inc. had 4 analyst reports since August 13, 2015 according to SRatingsIntel. The firm has “Neutral” rating by JP Morgan given on Thursday, December 17. On Tuesday, December 13 the stock rating was downgraded by Citigroup to “Sell”.

PS Business Parks, Inc. is a self-advised and self-managed real estate investment trust . The company has market cap of $3.56 billion. The Firm owns, operates and develops commercial properties, primarily multi-tenant flex, office and industrial parks. It has a 47.6 P/E ratio. It focuses on owning concentrated business parks.

More notable recent PS Business Parks Inc (NYSE:PSB) news were published by: Businesswire.com which released: “PS Business Parks, Inc. to Release Second Quarter 2017 Earnings and Host …” on June 29, 2017, also Seekingalpha.com with their article: “PS Business Parks’ (PSB) CEO Maria Hawthorne on Q1 2017 Results – Earnings …” published on April 26, 2017, Seekingalpha.com published: “PS Business Parks’ (PSB) CEO Maria Hawthorne on Q4 2016 Results – Earnings …” on February 23, 2017. More interesting news about PS Business Parks Inc (NYSE:PSB) were released by: Businesswire.com and their article: “PS Business Parks, Inc. to Present at REITWeek 2017: NAREIT’s Investor Forum” published on May 30, 2017 as well as Zacks.com‘s news article titled: “Why Should You Buy PS Business Parks (PSB) Stock Right Now?” with publication date: July 04, 2017.

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