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 $11.8 million.
  • PSB has traded 1,951 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 2.7%. PSB has a PE ratio of 18. Currently there are no analysts that rate PS Business Parks a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for PS Business Parks has been 100,500 shares per day over the past 30 days. PS Business Parks has a market cap of $2.4 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.52 and a short float of 6.3% with 8.07 days to cover. Shares are up 11.6% year-to-date as of the close of trading on Thursday.

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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 solid stock price performance, compelling growth in net income, reasonable valuation levels, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

Highlights from the ratings report include:

  • 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. Although other factors naturally played a role, the company's strong earnings growth was key. 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.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Real Estate Investment Trusts (REITs) industry. The net income increased by 52.2% when compared to the same quarter one year prior, rising from $26.41 million to $40.19 million.
  • 39.71% 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 42.93% significantly outperformed against the industry average.
  • Net operating cash flow has slightly increased to $67.17 million or 7.56% when compared to the same quarter last year. Despite an increase in cash flow, PS BUSINESS PARKS's average is still marginally south of the industry average growth rate of 9.44%.

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