On Dec 23, 2016, we issued an updated research report on PS Business Parks, Inc. . The Glendale, CA-based real estate investment trust (REIT) owns, acquires, develops and operates commercial real estate properties.
The company’s diversified portfolio across varied markets enables it to tap opportunities in different asset classes. Alongside, PS Business Parks’ healthy fundamentals in multi-tenant flex, office and industrial asset categories support its growth.
In October, the company reported third-quarter 2016 adjusted funds from operations (“FFO”) per share of $1.43, beating the Zacks Consensus Estimate by 3 cents and improving 19.2% from $1.20 in the prior-year quarter. Results reflected a rise in net operating income together with lower preferred distributions as well as reduced interest expense.
PS Business Parks faces intense competition from developers, owners and operators of office properties and other industrial assets which adversely affect its ability to attract and retain tenants at relatively higher rents than its competitors. Moreover, the hike in rate of interest poses a challenge for the company.
Shares of PS Business Parks outperformed the Zacks categorized REIT and Equity Trust - Other industry, year to date. During the same time span, shares of the company grew 30.5%, whereas the industry gained 3.6%. However, over the past 60 days, its current year FFO estimates rose 0.2% to $5.36.
PS Business Parks currently carries a Zacks Rank # 3 (Hold).
Some better-ranked stocks in the real estate space include AGNC Investment Corp. (AGNC - Free Report) , Seritage Growth Properties (SRG - Free Report) and DCT Industrial Trust Inc. . All these stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
AGNC Investment’s current-year estimates have moved up 7.3% to $2.36 per share, over the past 60 days.
Seritage Growths’ current-year estimates have moved up 0.9% to $2.34 per share, over the past 60 days.
DCT Industrial Trust’s current-year estimates have moved up 2.3%, over the past 60 days to $2.24 per share.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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On Dec 23, 2016, we issued an updated research report on PS Business Parks, Inc. . The Glendale, CA-based real estate investment trust (REIT) owns, acquires, develops and operates commercial real estate properties.
The company’s diversified portfolio across varied markets enables it to tap opportunities in different asset classes. Alongside, PS Business Parks’ healthy fundamentals in multi-tenant flex, office and industrial asset categories support its growth.
In October, the company reported third-quarter 2016 adjusted funds from operations (“FFO”) per share of $1.43, beating the Zacks Consensus Estimate by 3 cents and improving 19.2% from $1.20 in the prior-year quarter. Results reflected a rise in net operating income together with lower preferred distributions as well as reduced interest expense.
PS Business Parks faces intense competition from developers, owners and operators of office properties and other industrial assets which adversely affect its ability to attract and retain tenants at relatively higher rents than its competitors. Moreover, the hike in rate of interest poses a challenge for the company.
Shares of PS Business Parks outperformed the Zacks categorized REIT and Equity Trust - Other industry, year to date. During the same time span, shares of the company grew 30.5%, whereas the industry gained 3.6%. However, over the past 60 days, its current year FFO estimates rose 0.2% to $5.36.
PS Business Parks currently carries a Zacks Rank # 3 (Hold).
Some better-ranked stocks in the real estate space include AGNC Investment Corp. (AGNC - Free Report) , Seritage Growth Properties (SRG - Free Report) and DCT Industrial Trust Inc. . All these stocks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
AGNC Investment’s current-year estimates have moved up 7.3% to $2.36 per share, over the past 60 days.
Seritage Growths’ current-year estimates have moved up 0.9% to $2.34 per share, over the past 60 days.
DCT Industrial Trust’s current-year estimates have moved up 2.3%, over the past 60 days to $2.24 per share.
Zacks’ Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on AGNC - FREE
Get the latest research report on SRG - FREE