Post Properties (PPS) Announces Quarterly Earnings, Beats Expectations By $0.01 EPS
Post Properties (NYSE:PPS) issued its quarterly earnings data on Tuesday. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.01, Analyst Ratings News reports. The company had revenue of $93.71 million for the quarter, compared to the consensus estimate of $91.45 million. During the same quarter in the previous year, the company posted $0.71 earnings per share.
PPS has been the subject of a number of recent research reports. Analysts at Deutsche Bank cut their price target on shares of Post Properties from $52.00 to $47.00 in a research note to investors on Monday, January 27th. They now have a “hold” rating on the stock. Analysts at Raymond James downgraded shares of Post Properties from a “strong-buy” rating to an “outperform” rating in a research note to investors on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Post Properties has an average rating of “Hold” and an average target price of $49.78.
Shares of Post Properties (NYSE:PPS) opened at 46.39 on Tuesday. 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 $45.93 and its 200-day moving average is $45.56. The company has a market cap of $2.514 billion and a price-to-earnings ratio of 31.20.
Post Properties, Inc is a self-administrated and self-managed equity real estate investment trust (NYSE:PPS).
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