NEW YORK ( TheStreet) -- The ex-dividend date for PS Business Parks (NYSE: PSB) is Monday, December 12, 2011. Owners of shares as of market close today will be eligible for a dividend of 44 cents per share. At a price of $53.79 as of 9:31 a.m. ET, the dividend yield is 3.2%.

The average volume for PS Business Parks has been 111,000 shares per day over the past 30 days. PS Business Parks has a market cap of $1.34 billion and is part of the financial sector and real estate industry. Shares are down 3.9% year to date as of the close of trading on Thursday.

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 company has a P/E ratio of 27.7, above the average real estate industry P/E ratio of 26.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates PS Business Parks as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full PS Business Parks Ratings Report.

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