PS Business Parks (PSB)
by Zacks Equity ResearchDecember 12, 2011 | Comments : 0 Recommended this article: (0)
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The company also has a strong balance sheet with adequate liquidity and minimal debt maturities. Over the last five years, PS Business Parks shares have traded in a range of 6.3X to 20.5X trailing 12-month FFO. The stock is also trading at a discount to the peer group, based on forward FFO estimates.
Our long-term Outperform recommendation on the stock indicates that it would perform well above the broader market. Our target price of $66.00, 14.1X 2011 FFO/share, factors in this view.
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