Barclays Capital Raises Price Target on Post Properties (PPS)
Research analysts at Barclays Capital (NYSE: BCS) boosted their target price on shares of Post Properties (NYSE: PPS) from $48.00 to $52.00 in a report released on Thursday. The firm currently has an “equal weight” rating on the stock.
Post Properties opened at 50.07 on Thursday. Post Properties has a 1-year low of $32.18 and a 1-year high of $50.83. The company has a market cap of $2.686 billion and a price-to-earnings ratio of 63.95.
Post Properties last released its earnings data on Monday, May 7th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.12. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Analysts expect that Post Properties will post $0.56 EPS next quarter.
A number of other firms have also recently commented on PPS. Analysts at Wunderlich upgraded shares of Post Properties from a “hold” rating to a “buy” rating in a research note to investors on Thursday. They now have a $58.00 price target on the stock, up previously from $47.00. Separately, analysts at Compass Point reiterated a “sell” rating on shares of Post Properties in a research note to investors on Tuesday. Finally, analysts at Compass Point downgraded shares of Post Properties from a “neutral” rating to a “sell” rating in a research note to investors on Wednesday, April 4th. They now have a $39.50 price target on the stock, down previously from $40.00.
Post Properties, Inc. is a self-administrated and self-managed equity real estate investment trust (REIT).