Home News Current Valuation: PS Business Parks (NYSE: PSB)

Current Valuation: PS Business Parks (NYSE: PSB)

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PS Business Parks is in the real estate sector and REITs industry. The company CEO is Maria R. Hawthorne. PS Business Parks Inc is a fully-integrated, self-advised and self-managed real estate investment trust. The company owns, operates, acquires and develops commercial properties, including multi-tenant flex, office and industrial space.

Previous Intraday Trading Performance:

The PSB stock showed a previous change of 0.75% with an open at 128.90 and a close of 129.44. It reached an intraday high of 129.77 and a low of 128.61.

SeekingAlpha:  PS Business Parks, Inc. (PSB) CEO Maria Hawthorne on Q2 2018 Results - Earnings Call Transcript

Liquidity:

The stock has a market cap of $3.5b with 27.3m shares outstanding, of which the float is 27.0m shares. Trading volume reached 68,810 shares compared to its average volume of 84,110 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, PS Business Parks shares returned -0.02% and in the past 30 trading days it returned 1.38%. Over three months, it changed 9.89%. In one year it has changed 0.65% and within that year its 52-week high was 137.60 and its 52-week low was 107.91. PSB stock is 19.95% above its 52 Week Low.

Our calculations show a 200 day moving average of 120.84 and a 50 day moving average of 126.63. Currently PSB stock is trading 7.12% above its 200 day moving average.

SeekingAlpha:  PS Business Parks beats by $0.01, misses on revenue

Earnings:

The last annual fiscal EPS for the company was reported at 3.3 that ended on 31st of December 2017, which according to the previous close, that is a PE of 39.22. Based on 2 analyst estimates, the consensus EPS for the next quarter is 1.58. The TTM EPS is 6.24, which comes to a TTM PE of 20.74. Historically, the PE high was 107.30 and the PE low was 16.70. If the stock reached its PE low, that would represent a price of 104.23, which is a decrease of -19.48%.

The following are the last four quarter reported earnings per share:
06-30-2018:  1.59
03-31-2018:  1.59
12-31-2017:  1.52
09-30-2017:  1.54

The dividend per share is currently 4.20, which is a dividend yield of 3.24%.

Base on our calculations, the intrinsic value per share is 118.22, which means it may be overvalued by -9.49%

Indicators to Watch:

Based on the latest filings, there is 1.30% of insider ownership and 71.60% of institutional ownership. Short-interest is 490,192, which is 1.79% of shares outstanding. The short-interest ratio or days-to-cover ratio is 4.70. This stock has some short interest, but it may be normal and no cause for concern if long the position.

The current calculated beta is 0.47

SeekingAlpha:  PS Business Parks beats by $0.01, misses on revenue

Fundamental Indicators:

Based on last reported financials, the company's return on equity is 20.15%, return on assets is 7.64%, profit margin is 64.23%, price-to-sales is 8.61 and price-to-book is 4.37.

Company Scores:

All scores are out of six:
 1  :Valuation Score
 0  :Past Performance Score
 4  :Financial Strength Score
 3  :Future Growth Score
 0  :Dividend Score
 2  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks. Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.

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