PS Business Parks (MD) with ticker code (PSB) now have 4 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 195 and 112 and has a mean target at 168.75. Now with the previous closing price of 161.99 this would indicate that there is a potential upside of 4.2%. The 50 day MA is 173.97 and the 200 day moving average is 163.78. The company has a market cap of $4,401m. Company Website: https://www.psbusinessparks.com
The potential market cap would be $4,585m based on the market concensus.
PS Business Parks, 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 September 30, 2020, the Company wholly owned 27.5 million rentable square feet with approximately 5,000 commercial customers in six states. The Company also held a 95.0% interest in a 395-unit apartment complex and a 98.2% interest in a development of a 411-unit multifamily apartment complex.
