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Trade-Ideas LLC identified

PS Business Parks

(

PSB

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified PS Business Parks as such a stock due to the following factors:

  • PSB has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $18.0 million.
  • PSB has traded 4,652 shares today.
  • PSB is trading at a new lifetime high.

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More details on PSB:

PS Business Parks, Inc., a real estate investment trust (REIT), together with its subsidiaries, engages in the acquisition, development, ownership, and operation of commercial properties primarily multi-tenant flex, office, and industrial space. The stock currently has a dividend yield of 3.2%. PSB has a PE ratio of 37. Currently there are no analysts that rate PS Business Parks a buy, no analysts rate it a sell, and 3 rate it a hold.

TheStreet Recommends

The average volume for PS Business Parks has been 125,300 shares per day over the past 30 days. PS Business Parks has a market cap of $2.5 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.43 and a short float of 5.2% with 4.62 days to cover. Shares are up 8.5% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates PS Business Parks as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, expanding profit margins and solid stock price performance. We feel its strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

Highlights from the ratings report include:

  • Despite its growing revenue, the company underperformed as compared with the industry average of 6.8%. Since the same quarter one year prior, revenues slightly increased by 3.5%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • 41.89% is the gross profit margin for PS BUSINESS PARKS which we consider to be strong. It has increased from the same quarter the previous year. Along with this, the net profit margin of 30.57% is above that of the industry average.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
  • PS BUSINESS PARKS has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. Earnings per share have declined over the last year. We anticipate that this should continue in the coming year. During the past fiscal year, PS BUSINESS PARKS reported lower earnings of $2.52 versus $4.19 in the prior year. For the next year, the market is expecting a contraction of 33.5% in earnings ($1.68 versus $2.52).

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