Post Properties Hits New 52-Week High After Analyst Upgrade (PPS)
Post Properties (NYSE:PPS) shares hit a new 52-week high during mid-day trading on Thursday after Deutsche Bank raised their price target on the stock from $47.00 to $51.00, AnalystRatingsNetwork reports. Deutsche Bank currently has a hold rating on the stock. Post Properties traded as high as $54.28 and last traded at $54.16, with a volume of 103,891 shares. The stock had previously closed at $53.92.
A number of other analysts have also recently weighed in 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 equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $50.84.
The stock has a 50-day moving average of $52.5 and a 200-day moving average of $49.50. The company has a market cap of $2.939 billion and a price-to-earnings ratio of 29.30.
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 $2.44 EPS 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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