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KeyBanc Stick to Their Sell Rating for PS Business Parks Inc

Published 10/16/2020, 05:06 AM
PSB
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KeyBanc analyst KeyBanc maintained a Sell rating on PS Business Parks (NYSE:PSB) Inc on Thursday, setting a price target of $112, which is approximately 8.69% below the present share price of $122.66.

expects PS Business Parks Inc to post earnings per share (EPS) of $0.93 for the fourth quarter of 2020.

The current consensus among 3 TipRanks analysts is for a Moderate Sell rating of shares in PS Business Parks, with an average price target of $125.5.
The analysts price targets range from a high of $139 to a low of $112.

In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $100.56 million and a net profit of $44.46 million. The company's market cap is $3.53 billion.

According to TipRanks.com, KeyBanc analyst KeyBanc is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 13.7% and a 63.23% success rate.

PS Business Parks, Inc. is a fully-integrated, self-advised, and self-managed real estate investment trust, which engages in the ownership, operation, acquisition, and development of commercial properties, primarily multi-tenant flex, office, and industrial space. Its commercial real estate properties include warehouse and office space. The company was founded in 1986 and is headquartered in Glendale, CA.

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