PS Business Parks, Inc. (PSB) Reaches $156.17 High on Mar, 15; The Blackstone Group L.P. (BX) Had 6 Analysts Last Week

PS Business Parks, Inc. (NYSE:PSB) Logo

Among 7 analysts covering Blackstone Group (NYSE:BX), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Blackstone Group had 11 analyst reports since September 24, 2018 according to SRatingsIntel. The stock of The Blackstone Group L.P. (NYSE:BX) earned “Buy” rating by Citigroup on Tuesday, September 25. On Wednesday, November 14 the stock rating was maintained by Morgan Stanley with “Overweight”. The company was maintained on Friday, November 16 by Deutsche Bank. Morgan Stanley maintained the stock with “Overweight” rating in Friday, January 4 report. The rating was maintained by Citigroup on Thursday, October 25 with “Buy”. Argus Research maintained the shares of BX in report on Tuesday, September 25 with “Buy” rating. Oppenheimer initiated the stock with “Buy” rating in Friday, February 22 report. On Monday, September 24 the stock rating was maintained by JMP Securities with “Market Outperform”. Bank of America maintained The Blackstone Group L.P. (NYSE:BX) rating on Monday, September 24. Bank of America has “Buy” rating and $46 target. The rating was maintained by Morgan Stanley with “Overweight” on Monday, September 24. See The Blackstone Group L.P. (NYSE:BX) latest ratings:

27/02/2019 Broker: BidaskScore Rating: Sell Downgrade
22/02/2019 Broker: Oppenheimer Rating: Buy New Target: $41 Initiate
04/01/2019 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $42 New Target: $36 Maintain
16/11/2018 Broker: Deutsche Bank Old Rating: Hold New Rating: Hold Old Target: $35 New Target: $34 Maintain
14/11/2018 Broker: Morgan Stanley Old Rating: Overweight New Rating: Overweight Old Target: $48 New Target: $42 Maintain
25/10/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $47.5 New Target: $42 Maintain
25/09/2018 Broker: Argus Research Old Rating: Buy New Rating: Buy Old Target: $39 New Target: $46 Maintain
25/09/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $43 New Target: $47.5 Maintain
24/09/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $40 New Target: $46 Maintain
24/09/2018 Broker: JMP Securities Old Rating: Market Outperform New Rating: Market Outperform Old Target: $39 New Target: $43 Maintain

The stock of PS Business Parks, Inc. (NYSE:PSB) reached all time high today, Mar, 15 and still has $165.54 target or 6.00% above today’s $156.17 share price. This indicates more upside for the $5.41B company. This technical setup was reported by Barchart.com. If the $165.54 PT is reached, the company will be worth $324.84 million more. The stock increased 0.37% or $0.57 during the last trading session, reaching $156.17. About 67,523 shares traded. PS Business Parks, Inc. (NYSE:PSB) has risen 34.90% since March 15, 2018 and is uptrending. It has outperformed by 30.53% the S&P500. Some Historical PSB News: 24/04/2018 – PS BUSINESS PARKS INC PSB.N QUARTERLY FFO SHR $1.59; 18/04/2018 – PS Business Parks: Net Proceeds After Transaction Costs About $73.3M; 16/04/2018 Moody’s Affirms Ps Business Parks’ Rating; Outlook Stable; 24/04/2018 – Consolidated Research: 2018 Summary Expectations for AeroVironment, PS Business Parks, Genomic Health, Digi International, Sens; 14/05/2018 – PS BUSINESS PARKS INC PSB.N : WELLS FARGO RAISES TARGET PRICE TO $121 FROM $120; 24/04/2018 – PS BUSINESS PARKS INC PSB.N – QTRLY TOTAL RENTAL INCOME $103.8 MLN VS $100.1 MLN; 24/04/2018 – PS Business Parks 1Q EPS $1.69; 24/04/2018 – PS Business Parks 1Q Adj EPS $1.59; 19/04/2018 – DJ PS Business Parks Inc, Inst Holders, 1Q 2018 (PSB)

Investors sentiment increased to 1.91 in 2018 Q4. Its up 0.88, from 1.03 in 2018Q3. It improved, as 7 investors sold PS Business Parks, Inc. shares while 51 reduced holdings. 43 funds opened positions while 68 raised stakes. 20.12 million shares or 6.60% more from 18.88 million shares in 2018Q3 were reported. Eii Capital Management Inc holds 0.24% or 3,210 shares in its portfolio. Bessemer, a New Jersey-based fund reported 22,000 shares. Qs Investors Limited Liability Corporation holds 1,000 shares. Utd Service Automobile Association reported 6,748 shares. Price T Rowe Associates Inc Md holds 2.26M shares or 0.05% of its portfolio. Fifth Third Bancorporation accumulated 0% or 165 shares. American Intl Gru Inc stated it has 15,462 shares. Washington Tru Savings Bank has 25 shares. Hillsdale Invest Management invested 0.26% of its portfolio in PS Business Parks, Inc. (NYSE:PSB). Clifford Swan Investment Counsel Lc invested 0.04% of its portfolio in PS Business Parks, Inc. (NYSE:PSB). Quantum Cap invested 0.12% in PS Business Parks, Inc. (NYSE:PSB). Fmr Lc holds 0% or 17,215 shares. Geode Capital Management Ltd Llc reported 276,231 shares. Glenmede Trust Na has invested 0% in PS Business Parks, Inc. (NYSE:PSB). Menta Capital Lc has 1,660 shares.

PS Business Parks, Inc. is a real estate investment trust. The company has market cap of $5.41 billion. The firm invests in real estate markets of the United States. It has a 24.75 P/E ratio. It owns, operates, acquires and develops commercial properties primarily multi-tenant flex, office and industrial space.

Since November 6, 2018, it had 0 insider purchases, and 8 selling transactions for $6.75 million activity. Another trade for 2,500 shares valued at $347,916 was made by RUSSELL JOSEPH D JR on Tuesday, December 11. Shares for $2.06 million were sold by HAVNER RONALD L JR. On Monday, November 19 the insider KROPP JAMES H sold $258,021. Petersen John W sold $197,200 worth of stock or 1,420 shares. $1.41 million worth of stock was sold by HAWTHORNE MARIA R on Friday, November 30.

More notable recent PS Business Parks, Inc. (NYSE:PSB) news were published by: Seekingalpha.com which released: “PS Business Parks, Inc. (PSB) CEO Maria Hawthorne on Q4 2018 Results – Earnings Call Transcript – Seeking Alpha” on February 21, 2019, also Bizjournals.com with their article: “From Federal Realty to Weingarten, here’s what public companies are saying about their D.C.-area investments – Washington Business Journal” published on February 22, 2019, Businesswire.com published: “Public Storage Reports Results for the Fourth Quarter and Year Ended December 31, 2018 – Business Wire” on February 26, 2019. More interesting news about PS Business Parks, Inc. (NYSE:PSB) were released by: Seekingalpha.com and their article: “REITs Offering Value With Brad Thomas (Podcast) – Seeking Alpha” published on January 23, 2019 as well as Seekingalpha.com‘s news article titled: “PS Business Parks goes ex-dividend tomorrow – Seeking Alpha” with publication date: September 10, 2018.

Analysts await PS Business Parks, Inc. (NYSE:PSB) to report earnings on April, 23. They expect $1.65 earnings per share, up 3.77% or $0.06 from last year’s $1.59 per share. PSB’s profit will be $57.20 million for 23.66 P/E if the $1.65 EPS becomes a reality. After $1.65 actual earnings per share reported by PS Business Parks, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

More notable recent The Blackstone Group L.P. (NYSE:BX) news were published by: Streetinsider.com which released: “Blackstone (BX) Reports Acquisition of AYUMI Pharmaceutical Corp. – StreetInsider.com” on March 15, 2019, also Seekingalpha.com with their article: “Blackstone Group: Key Takeaways From Q4 Results – Seeking Alpha” published on February 13, 2019, Seekingalpha.com published: “Blackstone, partners close deal for controlling interest in Tallgrass Energy – Seeking Alpha” on March 12, 2019. More interesting news about The Blackstone Group L.P. (NYSE:BX) were released by: Benzinga.com and their article: “The Blackstone Group L.P. (NYSE:BX), Targa Resources, Inc. (NYSE:TRGP) – Targa Misses Fourth Quarter Consensus Revenue Target – Benzinga” published on February 20, 2019 as well as Seekingalpha.com‘s news article titled: “Taubman, Blackstone in deal for three Asian shopping centers – Seeking Alpha” with publication date: February 14, 2019.

Investors sentiment decreased to 1.08 in 2018 Q4. Its down 0.20, from 1.28 in 2018Q3. It dropped, as 52 investors sold The Blackstone Group L.P. shares while 139 reduced holdings. 53 funds opened positions while 154 raised stakes. 305.08 million shares or 1.40% more from 300.87 million shares in 2018Q3 were reported. Ulysses Lc stated it has 113,000 shares. Brandywine Invest Mgmt Limited Co has invested 0.72% in The Blackstone Group L.P. (NYSE:BX). 24,395 are held by Invsts Asset Of Georgia Inc Ga Adv. Holderness Investments reported 0.54% in The Blackstone Group L.P. (NYSE:BX). Barnett Communications accumulated 26,579 shares. Ar Asset Mngmt stated it has 0.14% in The Blackstone Group L.P. (NYSE:BX). Bb&T Secs Ltd accumulated 236,803 shares. Hartford Management reported 0.01% of its portfolio in The Blackstone Group L.P. (NYSE:BX). Moreover, Spirit Of America Management New York has 0.14% invested in The Blackstone Group L.P. (NYSE:BX) for 29,345 shares. Cetera Advisor Lc holds 0.06% of its portfolio in The Blackstone Group L.P. (NYSE:BX) for 50,375 shares. Kistler reported 7,122 shares. Scotia Cap stated it has 0.05% in The Blackstone Group L.P. (NYSE:BX). First State Bank Sioux Falls owns 7,476 shares or 0.87% of their US portfolio. Eaton Vance Management has 34,765 shares. Commerzbank Aktiengesellschaft Fi stated it has 0.07% of its portfolio in The Blackstone Group L.P. (NYSE:BX).

The Blackstone Group L.P. is a publicly owned hedge fund sponsor. The company has market cap of $39.86 billion. The firm also provides financial advisory services to its clients. It has a 15.38 P/E ratio. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations, retirees, sovereign wealth funds, and institutional and individual investors.

The stock increased 0.95% or $0.33 during the last trading session, reaching $34.76. About 1.17 million shares traded. The Blackstone Group L.P. (NYSE:BX) has risen 0.39% since March 15, 2018 and is uptrending. It has underperformed by 3.98% the S&P500. Some Historical BX News: 09/04/2018 – BLACKSTONE: FORMER SOHO CHINA COO YAN TO JOIN ASIA REAL ESTATE; 15/05/2018 – Blackstone Minerals Access Event Set By Spark Plus for May. 16; 21/05/2018 – LASALLE HOTEL PROPERTIES – TRANSACTION IS NOT CONTINGENT ON RECEIPT OF FINANCING; 18/05/2018 – Blackstone sells out of Hilton Worldwide; 07/05/2018 – CORRECT: BLACKSTONE TO BUY GRAMERCY PROPERTY FOR $27.50/SHR; 24/05/2018 – Pure Industrial Real Estate Announces Closing of Plan of Arrangement with Blackstone and Ivanhoe Cambridge; 01/04/2018 – Tech Jollof: Exclusive: Thomson Reuters in deal for Blackstone to buy major stake in F&R unit: sources LONDON/NEW YORK (Reut; 07/05/2018 – Gramercy Property Trust Enters into Definitive Agreement to be Acquired by Blackstone for $27.50 per Share in a $7.6 billion Transaction; 23/03/2018 – KOHLBERG REPORTS STRATEGIC INVESTMENT BY BLACKSTONE; 05/04/2018 – BLACKSTONE CONFIRMS GSO CAPITAL SOLUTIONS FUND III RAISED $7B

PS Business Parks, Inc. (NYSE:PSB) Institutional Positions Chart

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