Post Properties Given Consensus Rating of “Hold” by Brokerages (NYSE:PPS)
Post Properties (NYSE:PPS) has been given an average rating of “Hold” by the nine analysts that are presently covering the company, AnalystRatings.Net reports. Eight analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $50.34.
Post Properties (NYSE:PPS) traded up 0.09% during mid-day trading on Monday, hitting $53.52. The stock had a trading volume of 59,638 shares. Post Properties has a 52-week low of $42.43 and a 52-week high of $53.63. The stock has a 50-day moving average of $51.71 and a 200-day moving average of $48.70. The company has a market cap of $2.908 billion and a price-to-earnings ratio of 29.06.
Post Properties (NYSE:PPS) last released its earnings data on Monday, April 28th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.34. The company had revenue of $93.50 million for the quarter, compared to the consensus estimate of $92.49 million. During the same quarter in the previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. Analysts expect that Post Properties will post $2.47 EPS for the current fiscal year.
In other Post Properties news, CAO Arthur J. Quirk unloaded 4,570 shares of Post Properties stock on the open market in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $52.50, for a total value of $239,925.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on PPS. Analysts at JPMorgan Chase & Co. raised their price target on shares of Post Properties from $50.00 to $52.00 in a research note on Friday. They now have a “neutral” rating on the stock. Analysts at Barclays raised their price target on shares of Post Properties from $48.00 to $49.00 in a research note on Tuesday, April 22nd. They now have an “equal weight” rating on the stock.
Post Properties, Inc is a self-administrated and self-managed equity real estate investment trust (NYSE:PPS).
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