Shares of PS Business Parks, Inc. (PSB) Sees Large Outflow of Money

Shares of PS Business Parks, Inc. (PSB) traded 0.09 points or 0.08% higher at $112.17.The total intraday money flow for the shares came in at a disappointing $(-2.45) million. The total upticks amounted to $0.4 million and the total downticks were approximately $2.84 million, with the up/down ratio of 0.14. On a different note, the shares have seen 0.61% price change during the week.In a block trade which occurred during the day, the stock had an inflow of $0 million in upticks and an outflow of $1.68 million in downticks. The up/down ratio for the block was found to be 0. The net money flow for the block transaction was $(-1.68) million.

Investors should also note that 3 Stock brokerage firms are recommending to Hold the stock for short term. PS Business Parks, Inc. (NYSE:PSB) rose 0.08% or 0.09 points on Thursday and made its way into the gainers of the day. After trading began at $111.5 the stock was seen hitting $112.7995 as a peak level and $111.33 as the lowest level. The stock ended up at $112.17. The daily volume was measured at 116,909 shares. The 52-week high of the share price is $121.81 and the 52-week low is $94.88. The company has a market cap of $3,044 million.

PS Business Parks is a self-advised and self-managed equity real estate investment trust specializing in the ownership, management and acquisition of business parks containing office flex space. The company has interests in a number of commercial properties located in the United States, primarily California, Texas, Oregon and Virginia. (Press Release)

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