Today, a Director at Business Parks, Sara Grootwassink Lewis, exercised options of Business Parks (NYSE: PSB) for $879.5K.
In addition to Sara Grootwassink Lewis, one other PSB executive reported Sell trades in the last month.
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Based on Business Parks’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $104 million and quarterly net profit of $59.05 million. In comparison, last year the company earned revenue of $100 million and had a net profit of $39.68 million. PSB’s market cap is $3.4B and the company has a P/E ratio of 28.12. Currently, Business Parks has an average volume of 109.2K.
The insider sentiment on Business Parks has been negative according to 35 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Sara Grootwassink Lewis’ trades have generated a -0.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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PS Business Parks, Inc. is a fully-integrated, self-advised and self-managed real estate investment trust, which engages in leasing, property management, acquisition, and development. The company owns, operates, acquires and develops commercial properties, primarily multi-tenant flex, office and industrial space.
