Quantamental Technologies LLC Takes $50,000 Position in PS Business Parks Inc (NYSE:PSB)

Quantamental Technologies LLC purchased a new stake in PS Business Parks Inc (NYSE:PSB) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 295 shares of the real estate investment trust’s stock, valued at approximately $50,000.

Several other large investors have also recently added to or reduced their stakes in the company. LS Investment Advisors LLC boosted its stake in PS Business Parks by 63.6% in the 2nd quarter. LS Investment Advisors LLC now owns 972 shares of the real estate investment trust’s stock worth $164,000 after purchasing an additional 378 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in PS Business Parks in the 2nd quarter worth approximately $205,000. Crossmark Global Holdings Inc. acquired a new stake in PS Business Parks in the 1st quarter worth approximately $336,000. Everence Capital Management Inc. boosted its stake in PS Business Parks by 83.6% in the 1st quarter. Everence Capital Management Inc. now owns 2,920 shares of the real estate investment trust’s stock worth $458,000 after purchasing an additional 1,330 shares in the last quarter. Finally, Pictet Asset Management Ltd. boosted its stake in PS Business Parks by 26.9% in the 1st quarter. Pictet Asset Management Ltd. now owns 3,300 shares of the real estate investment trust’s stock worth $518,000 after purchasing an additional 700 shares in the last quarter. Institutional investors and hedge funds own 70.64% of the company’s stock.

PSB stock traded up $0.49 during trading on Friday, reaching $176.64. The company had a trading volume of 117,556 shares, compared to its average volume of 107,620. The firm has a 50-day simple moving average of $176.86 and a 200-day simple moving average of $164.44. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 27.30, a price-to-earnings-growth ratio of 5.05 and a beta of 0.46. PS Business Parks Inc has a twelve month low of $120.21 and a twelve month high of $186.14.



PS Business Parks (NYSE:PSB) last released its earnings results on Tuesday, July 23rd. The real estate investment trust reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.64). The company had revenue of $107.78 million during the quarter, compared to analyst estimates of $105.10 million. PS Business Parks had a return on equity of 14.84% and a net margin of 35.70%. As a group, analysts expect that PS Business Parks Inc will post 6.83 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, September 12th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Wednesday, September 11th. PS Business Parks’s dividend payout ratio (DPR) is presently 64.91%.

In related news, Director Joseph D. Russell, Jr. sold 1,800 shares of PS Business Parks stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $180.68, for a total value of $325,224.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by company insiders.

Separately, Zacks Investment Research upgraded shares of PS Business Parks from a “hold” rating to a “buy” rating and set a $184.00 target price for the company in a research note on Friday, August 16th.

PS Business Parks Company Profile

PS Business Parks, Inc, a member of the S&P SmallCap 600, is a REIT that acquires, develops, owns and operates commercial properties, primarily multi-tenant industrial, flex and office space. As of December 31, 2018, the Company wholly owned 28.2 million rentable square feet with approximately 5,050 commercial customers in six states and held a 95.0% interest in a 395-unit apartment complex.

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Institutional Ownership by Quarter for PS Business Parks (NYSE:PSB)

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