Post Properties Price Target Cut to $47.00 (PPS)
Research analysts at Cowen and Company lowered their price target on shares of Post Properties (NYSE:PPS) from $54.00 to $47.00 in a report released on Thursday, Analyst Ratings Network reports. The firm currently has a “market perform” rating on the stock. Cowen and Company’s price target suggests a potential upside of 4.03% from the company’s current price.
Separately, analysts at KeyCorp upgraded shares of Post Properties (NYSE:PPS) from an “underweight” rating to a “hold” rating in a research note to investors on Wednesday, July 31st. They now have a $45.00 price target on the stock.
Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $49.17.
Shares of Post Properties (NYSE:PPS) traded down 0.90% during mid-day trading on Thursday, hitting $45.18. The stock had a trading volume of 203,614 shares. Post Properties has a 52-week low of $44.13 and a 52-week high of $52.57. The stock has a 50-day moving average of $46.2 and a 200-day moving average of $48.1. The company has a market cap of $2.467 billion and a price-to-earnings ratio of 29.22.
Post Properties (NYSE:PPS) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.14. The company had revenue of $90.50 million for the quarter, compared to the consensus estimate of $89.80 million. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. On average, analysts predict that Post Properties will post $2.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Thursday, September 26th.
Post Properties, Inc is a self-administrated and self-managed equity real estate investment trust (NYSE:PPS).
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