Post Properties Rating Reiterated by Deutsche Bank (PPS)
Post Properties (NYSE:PPS)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank in a report released on Wednesday. They currently have a $52.00 target price on the stock, up from their previous target price of $51.00. Deutsche Bank’s price target would suggest a potential downside of 6.39% from the stock’s previous close.
Shares of Post Properties (NYSE:PPS) traded up 0.05% on Wednesday, hitting $55.58. 133,182 shares of the company’s stock traded hands. Post Properties has a 1-year low of $42.43 and a 1-year high of $55.91. The stock has a 50-day moving average of $54.71 and a 200-day moving average of $51.2. The company has a market cap of $3.024 billion and a P/E ratio of 25.01.
Post Properties (NYSE:PPS) last announced its earnings results on Thursday, July 31st. The company reported $0.58 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.63 by $0.05. During the same quarter last year, the company posted $0.87 earnings per share. Analysts expect that Post Properties will post $2.45 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. downgraded shares of Post Properties from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. They now have a $58.00 price target on the stock, up previously from $55.00. Separately, analysts at Barclays raised their price target on shares of Post Properties from $50.00 to $53.00 in a research note on Monday, July 21st. They now have an “equal weight” rating on the stock. Finally, 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. Eight analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average target price of $52.71.
Post Properties, Inc is a self-administrated and self-managed equity real estate investment trust (NYSE:PPS).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.