J.P. Morgan Keeps a Sell Rating on Business Parks

By Ryan Adsit

In a report released today, Anthony Paolone from J.P. Morgan maintained a Sell rating on Business Parks (NYSE: PSB), with a price target of $123. The company’s shares closed yesterday at $113.

According to TipRanks.com, Paolone is a 5-star analyst with an average return of 10.4% and a 73.3% success rate. Paolone covers the Financial sector, focusing on stocks such as Washington Real Estate Investment Trust, Apartment Investment & Management, and Retail Properties of America Inc.

Business Parks has an analyst consensus of Moderate Sell, with a price target consensus of $123.

Business Parks’ market cap is currently $3.08B and has a P/E ratio of 34.74. The company has a book value ratio of 4.1837.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. Most recently, in November 2017, Robert Rollo, a Director at PSB sold 2,070 shares for a total of $279,843.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

PS Business Parks, Inc. owns, operates, acquires and develops commercial properties, primarily multi-tenant flex, office and industrial space. It is a fully-integrated, self-advised and self-managed REIT that engages in leasing, property management, acquisition, and development.