PS Business Parks (MD) with ticker code (PSB) have now 4 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 195 and 112 calculating the average target price we see 168.75. With the stocks previous close at 158.94 this would imply there is a potential upside of 6.2%. The day 50 moving average is 172 and the 200 day moving average is 163.75. The company has a market cap of $4,371m. Company Website: https://www.psbusinessparks.com
The potential market cap would be $4,641m 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.
