Post Properties Inc. Hits New 52-Week Low at $43.60 (PPS)
Shares of Post Properties (NYSE:PPS) hit a new 52-week low during trading on Tuesday, Analyst RN reports. The stock traded as low as $43.60 and last traded at $44.63, with a volume of 490,003 shares trading hands. The stock had previously closed at $45.16.
A number of analysts have recently weighed in on PPS shares. Analysts at Zacks upgraded shares of Post Properties from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 17th. They now have a $55.70 price target on the stock. Separately, analysts at Cantor Fitzgerald downgraded shares of Post Properties from a “buy” rating to a “hold” rating in a research note to investors on Friday, October 4th. They now have a $51.00 price target on the stock, down previously from $54.50. Finally, analysts at Cowen and Company cut their price target on shares of Post Properties from $54.00 to $47.00 in a research note to investors on Thursday, September 12th. They now have a “market perform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Post Properties presently has an average rating of “Hold” and an average price target of $49.81.
Post Properties has a one year low of $44.33 and a one year high of $52.57. The stock has a 50-day moving average of $46.00 and a 200-day moving average of $48.11. The company has a market cap of $2.452 billion and a price-to-earnings ratio of 28.95.
Post Properties (NYSE:PPS) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.73 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.70 by $0.03. The company had revenue of $93.40 million for the quarter, compared to the consensus estimate of $92.55 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 9.6% on a year-over-year basis. Analysts expect that Post Properties will post $2.96 EPS for the current fiscal year.
Post Properties, Inc is a self-administrated and self-managed equity real estate investment trust (NYSE:PPS).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.