PS Business Parks Inc (NYSE:PSB) Closed Today On 52 Week High Note

PSB
PSB

PS Business Parks Inc (NYSE:PSB)

June 13th, 2019

With markets going up PS Business Parks Inc closed the day up $1.43 Thursday, up 0.84%, closing at $170.80. As well as rising, PSB closed the day setting a new 52 week record. Furthermore it hit a new 52 week high of $170.80.

PSB outperformed the rest of the Real Estate sector which went up 0.09% today.

Expectations from 3 analysts indicates that PS Business Parks Inc could decline somewhat (-7.98%), while Finbox has calculated (with high uncertainty) a fair value price of $98.71.

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending up. Energy saw the biggest increase of the day (1.25%), while the Healthcare sector saw the biggest drop (-0.11%). Information Technology has seen the biggest year-to-date gain of 23.06%.

Utilities saw the biggest turn-around compared to its 5-day performance (-0.31%), as it went up by 0.15%. Healthcare saw a turn-around from its 5-day performance of 2.18% trading down -0.11%.

Sector Breakdown

  • Energy, up 1.25%.
  • Communication Services, up 1.14%.
  • Consumer Discretionary, up 0.90%.
  • Materials, up 0.58%.
  • Industrials, up 0.54%.
  • Financials, up 0.23%.
  • Information Technology, up 0.22%.
  • Utilities, up 0.15%.
  • Consumer Staples, up 0.11%.
  • Real Estate, up 0.09%.
  • Healthcare, down -0.11%.

PS Business Parks Inc Info

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.

All amounts in USD unless otherwise indicated

PSB daily update
PSB daily update

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