PS Business Parks Inc. (PSB) Soars 1.49% on August 27

Equities Staff  |

PS Business Parks Inc. (PSB) had a good day on the market for Thursday August 27 as shares jumped 1.49% to close at $128.78. About 59,094 shares traded hands on 1,845 trades for the day, compared with an average daily volume of n/a shares out of a total float of 27.48 million. After opening the trading day at $127.66, shares of PS Business Parks Inc. stayed within a range of $129.34 to $127.42.

With today's gains, PS Business Parks Inc. now has a market cap of $3.54 billion. Shares of PS Business Parks Inc. have been trading within a range of $192.14 and $102.49 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

PS Business Parks Inc is a real estate investment trust that owns and operates primarily multitenant commercial warehouse, office, industrial park, and flex properties in the United States. The business activities of the group functioned through the acquisition, development, ownership and management of commercial real estate and the acquisition, development, ownership and management of multifamily real estate. The company defines flex space as locations that combine both warehouse and office space in a single configuration. Almost half the company's properties are located in California. The company generates nearly most of its revenue from rental income derived from its flex space and low-rise office holdings.

PS Business Parks Inc. is based out of Glendale, CA and has some 155 employees. Its CEO is Maria R. Hawthorne / John W. Petersen.

For a complete fundamental analysis of PS Business Parks Inc., check out Equities.com’s Stock Valuation Analysis report for PSB.

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PS Business Parks Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on PS Business Parks Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: PSB’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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