Home News Latest Trend: PS Business Parks (NYSE: PSB)

Latest Trend: PS Business Parks (NYSE: PSB)


PS Business Parks is in the real estate sector and is part of the 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 0.84% with an open at 169.87 and a close of 170.80. It reached an intraday high of 170.80 and a low of 167.01.

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The stock has a market cap of $4.7b with 27.4m shares outstanding, of which the float is 27.1m shares. Trading volume reached 99,192 shares compared to its average volume of 112,469 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 2.82% and in the past 30 trading days it returned 9.89%. Over three months, it changed 11.11%. In one year it has changed 42.95% and within that year its 52-week high was 170.80 and its 52-week low was 120.21. PSB stock is 42.08% above its 52 Week Low.

Our calculations show a 200 day moving average of 140.58 and a 50 day moving average of 156.11. Currently PSB stock is trading 21.50% above its 200 day moving average.

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The last annual fiscal EPS for the company was reported at 6.32 that ended on 31st of December 2018, which according to the previous close, that is a PE of 27.03. Based on 2 analyst estimates, the consensus EPS for the next quarter is 1.65. The TTM EPS is 6.47, which comes to a TTM PE of 26.40. Historically, the PE high was 59.60 and the PE low was 16.70. If the stock reached its PE low, that would represent a price of 108.04, which is a decrease of -36.74%.

Below was the last reported quarterly diluted earnings per share:

1stQtr of 2019 (Reported on 04/30/2019): 0.96
4thQtr of 2018 (Reported on 02/20/2019): 1.15
3rdQtr of 2018 (Reported on 10/23/2018): 0.92
2ndQtr of 2018 (Reported on 07/24/2018): 2.56
1stQtr of 2018 (Reported on 04/24/2018): 1.69

The dividend per share is currently 4.20, which is a dividend yield of 2.46%.

Base on our calculations, the intrinsic value per share is 120.43, which means it may be overvalued by -41.83%.

Indicators to Watch:

Short-interest was 356,704, which was 1.30% of shares outstanding. The short-interest ratio or days-to-cover ratio was 2.83. 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.

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 20.59%, return on assets is 7.90%, profit margin is 59.51%, price-to-sales is 11.12 and price-to-book is 5.80.

Company Scores:

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

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.