Post Properties Inc. (PPS) Plans Quarterly Dividend of $0.40
Post Properties (NYSE:PPS) declared a quarterly dividend on Thursday, August 28th, Analyst Ratings.Net reports. Stockholders of record on Tuesday, September 30th will be given a dividend of 0.40 per share on Wednesday, October 15th. This represents a $1.60 dividend on an annualized basis and a yield of 2.92%.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Post Properties in a research note on Wednesday, August 20th. They now have a $52.00 price target on the stock, up previously from $51.00. On the ratings front, 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. Finally, 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. Eight equities research analysts have rated the stock with a hold rating, Post Properties presently has an average rating of “Hold” and an average price target of $52.71.
Shares of Post Properties (NYSE:PPS) traded down 0.26% during mid-day trading on Thursday, hitting $54.74. The stock had a trading volume of 200,582 shares. Post Properties has a 52-week low of $42.43 and a 52-week high of $55.91. The stock has a 50-day moving average of $54.87 and a 200-day moving average of $51.65. The company has a market cap of $2.978 billion and a P/E ratio of 24.71.
Post Properties (NYSE:PPS) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.63 by $0.05. During the same quarter in the prior year, the company posted $0.87 earnings per share. Analysts expect that Post Properties will post $2.41 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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