Earnings and Growth Analysis : PS Business Parks (NYSE:PSB)

Earnings results for PS Business Parks (NYSE:PSB)

PS Business Parks, Inc. is expected* to report earnings on 10/28/2020 after market close. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.6600000000000001. The reported EPS for the same quarter last year was $1.71.

PS Business Parks last posted its earnings data on August 4th, 2020. The real estate investment trust reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.36. PS Business Parks has generated $6.78 earnings per share over the last year and currently has a price-to-earnings ratio of 25.8. PS Business Parks has confirmed that its next quarterly earnings report will be published on Wednesday, October 28th, 2020.

Analyst Opinion on PS Business Parks (NYSE:PSB)

3 Wall Street analysts have issued ratings and price targets for PS Business Parks in the last 12 months. Their average twelve-month price target is $133.67, predicting that the stock has a possible upside of 17.98%. The high price target for PSB is $150.00 and the low price target for PSB is $112.00. There are currently 2 sell ratings and 1 hold rating for the stock, resulting in a consensus rating of “Sell.”

PS Business Parks has received a consensus rating of Sell. The company’s average rating score is 1.33, and is based on no buy ratings, 1 hold rating, and 2 sell ratings. According to analysts’ consensus price target of $133.67, PS Business Parks has a forecasted upside of 18.0% from its current price of $113.30. PS Business Parks has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: PS Business Parks (NYSE:PSB)

PS Business Parks pays a meaningful dividend of 3.62%, higher than the bottom 25% of all stocks that pay dividends. PS Business Parks has only been increasing its dividend for 1 years. The dividend payout ratio of PS Business Parks is 61.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PS Business Parks will have a dividend payout ratio of 61.95% next year. This indicates that PS Business Parks will be able to sustain or increase its dividend.

Insiders buying/selling: PS Business Parks (NYSE:PSB)

In the past three months, PS Business Parks insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $405,452.00 in company stock. Only 1.44% of the stock of PS Business Parks is held by insiders. 71.16% of the stock of PS Business Parks is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of PS Business Parks (NYSE:PSB

Earnings for PS Business Parks are expected to grow by 2.57% in the coming year, from $6.61 to $6.78 per share. The P/E ratio of PS Business Parks is 25.75, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.17. The P/E ratio of PS Business Parks is 25.75, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 17.77. PS Business Parks has a P/B Ratio of 3.06. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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