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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 $18.9 million.
  • PSB has traded 1,220 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 2.8%. PSB has a PE ratio of 45. 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 138,600 shares per day over the past 30 days. PS Business Parks has a market cap of $2.9 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.46 and a short float of 5.4% with 4.24 days to cover. Shares are up 21% year-to-date as of the close of trading on Friday.

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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, revenue growth, reasonable valuation levels, expanding profit margins and good cash flow from operations. 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:

  • Compared to its closing price of one year ago, PSB's share price has jumped by 47.02%, exceeding the performance of the broader market during that same time frame. Regarding the stock's future course, although almost any stock can fall in a broad market decline, PSB should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • Despite its growing revenue, the company underperformed as compared with the industry average of 11.9%. Since the same quarter one year prior, revenues slightly increased by 4.0%. 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.
  • 40.84% 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. Regardless of the strong results of the gross profit margin, the net profit margin of 29.65% trails the industry average.
  • Net operating cash flow has slightly increased to $55.47 million or 2.22% 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 11.47%.

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