Arizona State Retirement System Raises Position in PS Business Parks, Inc. (PSB)

Institutional Ownership by Quarter for PS Business Parks

Institutional Ownership by Quarter for PS Business Parks

The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Daiwa Grp Inc Inc Inc stated it has 0% of its portfolio in PS Business Parks Inc (NYSE:PSB).

Other institutional investors have also made changes to their positions in the company. Numeric Investors LLC bought a new stake in shares of PS Business Parks during the fourth quarter valued at about $268,000. First Citizens Fincl Bank holds 0.04% of its portfolio in PS Business Parks Inc (NYSE:PSB) for 3,159 shares. Thrivent Financial for Lutherans now owns 17,740 shares of the real estate investment trust's stock valued at $2,067,000 after buying an additional 440 shares during the period. Envestnet Asset Management Inc. now owns 2,488 shares of the real estate investment trust's stock worth $286,000 after buying an additional 758 shares during the period. NY increased its stake in PS Business Parks by 0.3% in the fourth quarter. The fund owned 82,487 shares of the real estate investment trust's stock after selling 520,995 shares during the period.

In other news, insider John W. Petersen sold 3,500 shares of PS Business Parks stock in a transaction that occurred on Friday, June 2nd.

Among 2 analysts covering Ps Business Parks Inc. (PSB) traded down 1.83% during midday trading on Thursday, reaching $128.50. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 47.36 and a beta of 0.59. The stock's 50 day moving average is $127.94 and its 200-day moving average is $119.28.

PS Business Parks (NYSE:PSB) last issued its quarterly earnings results on Tuesday, April 25th. The real estate investment trust reported $1.52 EPS for the quarter, beating analysts' consensus estimates of $1.41 by $0.11. PS Business Parks, L.P. The business had revenue of $100.19 million for the quarter, compared to analysts' expectations of $95.85 million. During the same quarter past year, the company earned $1.26 EPS. On average, equities research analysts anticipate that PS Business Parks, Inc. will post $3.16 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 29th. Stockholders of record on Wednesday, June 14th were paid a $0.85 dividend. Announces the Grand Opening of Highgate at The Mile, a ..." with publication date: "June 01, 2017. This represents a $3.40 dividend on an annualized basis and a dividend yield of 2.62%. Finally, Dimensional Fund Advisors LP increased its stake in PS Business Parks by 4.6% in the first quarter.

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Several research analysts recently issued reports on the company. BidaskClub raised shares of PS Business Parks from a "buy" rating to a "strong-buy" rating in a research report on Thursday, June 15th. Zacks Investment Research upgraded PS Business Parks from a "hold" rating to a "buy" rating and set a $132.00 price target for the company in a research note on Friday, April 7th. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of PS Business Parks by 9.3% in the first quarter. The shares were sold at an average price of $121.59, for a total value of $364,770.00. The shares were sold at an average price of $124.23, for a total transaction of $219,638.64. Following the completion of the sale, the director now directly owns 10,902 shares in the company, valued at approximately $1,354,355.46. C M Bidwell & Associates Ltd acquired 230,399 shares as Micron Tech (MU)'s stock rose 19.14%. Dimensional Fund Advisors LP now owns 289,738 shares of the real estate investment trust's stock valued at $33,249,000 after buying an additional 12,705 shares in the last quarter. Corporate insiders own 1.63% of the company's stock.

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