Confidence in PS Business Parks (NYSE:PSB) Shares by JP Morgan Fall.


PS Business Parks (NYSE:PSB) Receives a Downgrade

It appears that trading for shares of PS Business Parks (NYSE:PSB) will be interesting to watch today. JP Morgan lowered the stock from their past Overweight rating to a more current Neutral.

Approximately 13,422 shares of stock traded hands. PS Business Parks Inc (NYSE:PSB) has risen 17.47% since May 14, 2015 and is uptrending. It has outperformed by 19.73% the S&P500.

The overall sentiment of institutions has decreased to 1.15 in Q2 2015. Its down 0.10, from 1.25 in 2015Q2. The ratio dropped, as 12 institutions have sold all the shares of PS Business Parks Inc that they owned while 54 funds have taken shares off the table. 15 funds have purchased shares for the first time while 61 added to their positions. These institutions now hold 17.32 million shares or 11.04% less than the 19.47 million shares they owned in 2015Q2.

The Fund Dean Capital Management currently is holding shares equating to 1.47% of its total portfolio in PS Business Parks Inc representing a total of 13,305 shares. Another fund,Diligent Investors Llc, is holding a total of 12,499 shares equating to 1.14% of their holdings. Additionally, Dean Investment Associates Llc has a 34,595 share stake in PS Business Parks Inc which represents 0.62% of their total portfolio. The Fund, Westwood Holdings Group Inc, based out of Texas, has also built up a stake in the stock, which represents a total of 0.45% of their total portfolio. Finally Nuveen Asset Management Llc, a fund which is based in the state of Illinois reported a total holdings of 940,321 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 12, 2015, shareholders of PS Business Parks Inc have witnessed 0 insider buys, and a total of 5 selling transactions equating to a net activity of approximately $3.25 million . Russell Joseph D Jr sold 2,756 shares worth approximately $202,928. Hawthorne Maria R sold 23,550 shares worth approximately $1.74M. Kropp James H sold 1,568 shares worth approximately $120,759. Petersen John W sold 6,548 shares worth approximately $500,481. The company insider Pruitt Gary E bought 2,000 shares worth $164,805.

PS Business Parks, Inc. is a self-advised and self-managed real estate investment trust. The company has a market cap of $2.39 billion. The Firm owns, operates, acquires and develops commercial properties, primarily multi-tenant flex, office and industrial parks. It has 17.46 P/E ratio. 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.

According to Zacks Investment Research, “PS Business Parks is a self-advised and self-managed equity real estate investment trust specializing in the ownership, management and acquisition of business parks containing office flex space. The company has interests in a number of commercial properties located in the United States, primarily California, Texas, Oregon and Virginia. (Press Release)”