PS Business Parks Inc (NYSE:PSB)
December 5th, 2018
Amidst falling markets PS Business Parks Inc finished Tuesday’s trading session down 2.86%, a $4.07 decrease to close on $138.25. Despite the drop in price it hit a new 52 week high of $143.54.
PSB was outperformed by the rest of the Real Estate sector which went down just 1.26%.
Expectations from 3 analysts indicates that PS Business Parks Inc could fall somewhat (-11%), while Finbox has calculated (with low uncertainty) a fair value price of $95.01.
The market sectors were mixed Wednesday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.15%), while Financials saw the biggest drop (4.40%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector declining 13%.
Utilities saw the biggest turnaround from its 5-day performance of 2.31%, as it went up 0.15%. Industrials and Consumer Discretionary experienced turn arounds from their five day positive performance, Industrials with a drop of 4.35%.
- Utilities went up with a 0.15% change.
- Real Estate went down with a -1.26% change.
- Consumer Staples went down with a -1.63% change.
- Healthcare went down with a -2.30% change.
- Energy went down with a -2.93% change.
- Materials went down with a -3.08% change.
- Communication Services went down with a -3.14% change.
- Information Technology went down with a -3.86% change.
- Consumer Discretionary went down with a -3.91% change.
- Industrials went down with a -4.35% change.
- Financials went down with a -4.40% change.
PS Business Parks Inc Info
PS Business Parks, Inc., a member of the S&P SmallCap 600, is a real estate investment trust (“REIT”) that acquires, develops, owns and operates commercial properties, primarily multi-tenant industrial, flex and office space. As of June 30, 2018, the Company wholly owned 28.3 million rentable square feet with approximately 5,000 commercial customers in six states and a 95.0% interest in a 395-unit apartment complex.
All amounts in USD unless otherwise indicated
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