PS Business Parks (MD) found using ticker (PSB) have now 3 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 178 and 112 calculating the average target price we see 153.33. Given that the stocks previous close was at 168.08 this is indicating there is a potential downside of -8.8%. The day 50 moving average is 161.81 and the 200 day MA is 164.45. The company has a market cap of $4,745m. Visit the company website at: https://www.psbusinessparks.com
The potential market cap would be $4,328m 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.
