Menta Capital buys $4.6 Million stake in PS Business Parks Inc (PSB)

PS Business Parks Inc (PSB) : Menta Capital scooped up 39,095 additional shares in PS Business Parks Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 11, 2016. The investment management firm now holds a total of 45,870 shares of PS Business Parks Inc which is valued at $4.6 Million.PS Business Parks Inc makes up approximately 0.63% of Menta Capital’s portfolio.

Other Hedge Funds, Including , Cornerstone Capital Management Holdings. added PSB to its portfolio by purchasing 8,300 company shares during the most recent quarter which is valued at $827,012. PS Business Parks Inc makes up approx 0.01% of Cornerstone Capital Management Holdings.’s portfolio.Ls Investment Advisors boosted its stake in PSB in the latest quarter, The investment management firm added 48 additional shares and now holds a total of 666 shares of PS Business Parks Inc which is valued at $66,360.Blackrock Investment Management boosted its stake in PSB in the latest quarter, The investment management firm added 1,236 additional shares and now holds a total of 81,697 shares of PS Business Parks Inc which is valued at $8.1 Million. PS Business Parks Inc makes up approx 0.01% of Blackrock Investment Management’s portfolio.Proshare Advisors reduced its stake in PSB by selling 488 shares or 14.7% in the most recent quarter. The Hedge Fund company now holds 2,832 shares of PSB which is valued at $280,368.Municipal Employees’ Retirement System Of Michigan boosted its stake in PSB in the latest quarter, The investment management firm added 210 additional shares and now holds a total of 4,150 shares of PS Business Parks Inc which is valued at $410,850. PS Business Parks Inc makes up approx 0.03% of Municipal Employees’ Retirement System Of Michigan’s portfolio.

PS Business Parks Inc opened for trading at $99.68 and hit $101.26 on the upside on Monday, eventually ending the session at $101.07, with a gain of 1.44% or 1.43 points. The heightened volatility saw the trading volume jump to 83,378 shares. Company has a market cap of $2,737 M.

On the company’s financial health, PS Business Parks Inc reported $1.26 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $1.25. The company had revenue of $95.80 million for the quarter, compared to analysts expectations of $94.49 million. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.13 EPS.

PS Business Parks Inc. (PSB) is a self-advised and self-managed real estate investment trust. The Company owns operates acquires and develops commercial properties primarily multi-tenant flex office and industrial parks. PS Business Parks L.P. is a California limited partnership which owns directly or indirectly all of its assets and through which the Company conducts its businesses. It owns and operates around 28.6 million rentable square feet of commercial space comprising around 103 business parks concentrated primarily in states such as California Florida Maryland Texas Virginia and Washington. It owns a range of properties which include Charcot Business Park II McNeil 1 Springlake Business Center II Arapaho Business Park 9 and MICC – Center 23 among others. It owns around 15.1 million square feet of flex space and 8.8 million square feet of industrial space. The Company also manages around 1.1 million rentable square feet on behalf of Public Storage (PS).

Leave a Reply

PS Business Parks Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on PS Business Parks Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.