Shares of PS Business Parks (NYSE:PSB) Sees Large Outflow of Money

PS Business Parks (NYSE:PSB) had an volatile session and gained 0.41 points till last call. The price was at $103.25, gaining 0.4% till the last intraday data. The total uptick value was $0.19 million while the total downtick value was $0.85 million. The shares saw a net money flow of $(-0.66) million and the up/down ratio stood at 0.23. The stock has seen a change of of 0.65% for the week.


The stock has recorded a 20-day Moving Average of 2.34% and the 50-Day Moving Average is 4.27%. The company shares have rallied 38.69% in the past 52 Weeks. On June 20, 2016 The shares registered one year high of $105 and one year low was seen on August 25, 2015 at $70.15. The 50-day moving average is $100.18 and the 200 day moving average is recorded at $94.15. S&P 500 has rallied 1.93% during the last 52-weeks.

PS Business Parks (NYSE:PSB): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $103.13 and $102.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $104.09. The buying momentum continued till the end and the stock did not give up its gains. It closed at $103.03, notching a gain of 0.18% for the day. The total traded volume was 69,278 . The stock had closed at $102.84 on the previous day.

Currently the company Insiders own 1.7% of PS Business Parks shares according to the proxy statements. Institutional Investors own 73.61% of PS Business Parks shares. On the companys insider trading activities,The officer (EVP, CFO & Secretary) of Ps Business Parks Inc/Ca, Stokx Edward A sold 6,123 shares at $96.42 on March 11, 2016. The Insider selling transaction had a total value worth of $590,380. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.