PS Business Parks (NYSE:PSB) posted its quarterly earnings data on Sunday. The real estate investment trust reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.24, MarketWatch Earnings reports. PS Business Parks had a return on equity of 18.36% and a net margin of 45.25%.
Shares of PS Business Parks stock traded up $3.90 during trading hours on Tuesday, reaching $147.29. 1,778 shares of the company were exchanged, compared to its average volume of 84,162. PS Business Parks has a 1 year low of $102.48 and a 1 year high of $167.50. The stock’s fifty day moving average is $137.94 and its 200 day moving average is $130.51. The firm has a market cap of $4.05 billion, a PE ratio of 31.51 and a beta of 0.47.
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