PS Business Parks, Inc. (NYSE:PSB) is reporting second quarter financial results on Tuesday 4th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, PSB is expected to report 2Q20 income of $ 0.57 per share from revenue of $ 102.35 million.
For the full year, analysts anticipate top line of $ 411.79 million, while looking forward to income of $ 3.07 per share bottom line.
Previous Quarter Performance
PS Business Parks, Inc. announced income for the first quarter of $ 1.72 per share, from the revenue of $ 106.22 million. The quarterly earnings expanded 129.33 percent while revenues decreased 1.49 percent compared with the same quarter last year. The consensus estimates are $ 104.87 million in revenue The top line results outshined analysts by $ 1.35 million or 1.29 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of PSB was $ 139.25, representing a 35.88 % increase from the 52 week low of $ 102.48 and a 27.52 % decrease over the 52 week high of $ 192.13.
The company has a market capital of $ 3.83 billion and is part of the Real Estate sector and REIT – Diversified industry.
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Recent Analyst recommendations
- On 10th June 2020, maintained by Wells Fargo & Co at Underweight rating, with $ 150.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 1.05 per share on April 29, 2020. The dividend were payable on June 30, 2020 to holders of record as of the close of business on June 15, 2020 and ex-dividend date on June 12, 2020.
PS Business Parks, Inc., a member of the S&P MidCap 400, is a REIT that acquires, develops, owns and operates commercial properties, primarily multi-tenant industrial, flex and office space. As of April 30, 2019, the Company wholly owned 28.3 million rentable square feet with approximately 5,100 commercial customers in six states and held a 95.0% interest in a 395-unit apartment complex.
