Post Properties Stock Rating Lowered by Raymond James (PPS)
Post Properties (NYSE:PPS) was downgraded by equities researchers at Raymond James from a “strong-buy” rating to an “outperform” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports.
Post Properties (NYSE:PPS) traded down 1.55% on Tuesday, hitting $45.18. 500,649 shares of the company’s stock traded hands. Post Properties has a 1-year low of $42.43 and a 1-year high of $52.57. The stock’s 50-day moving average is $44.83 and its 200-day moving average is $45.93. The company has a market cap of $2.449 billion and a price-to-earnings ratio of 30.51.
Post Properties (NYSE:PPS) last announced its earnings results on Tuesday, October 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 9.6% on a year-over-year basis. Analysts expect that Post Properties will post $3.00 EPS for the current fiscal year.
Separately, 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. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $50.45.
Post Properties, Inc is a self-administrated and self-managed equity real estate investment trust (NYSE:PPS).
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