Post Properties Sets New 1-Year High at $53.90 (PPS)
Post Properties (NYSE:PPS) reached a new 52-week high during trading on Monday , AnalystRatingsNetwork reports. The stock traded as high as $53.90 and last traded at $53.20, with a volume of 82,762 shares changing hands. The stock had previously closed at $53.63.
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, June 20th. 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. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Post Properties has an average rating of “Hold” and an average price target of $50.34.
The stock’s 50-day moving average is $52.03 and its 200-day moving average is $49.00. The company has a market cap of $2.905 billion and a price-to-earnings ratio of 29.15.
Post Properties (NYSE:PPS) last released its earnings data on Monday, April 28th. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.74 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. On average, analysts predict that Post Properties will post $2.47 earnings per share for the current fiscal year.
Post Properties, Inc is a self-administrated and self-managed equity real estate investment trust (NYSE:PPS).
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