Compass Point Reaffirms Sell Rating on Post Properties (PPS)
Shares of Post Properties traded down 0.61% during mid-day trading on Tuesday, hitting $47.40. Post Properties has a one year low of $32.18 and a one year high of $50.83. The company has a market cap of $2.545 billion and a P/E ratio of 60.91.
Post Properties last issued its quarterly earnings data on Monday, May 7th. The company reported $0.64 earnings per share for the quarter, beating the analysts’ 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 analysts have also recently weighed in on PPS. Analysts at UBS AG (NYSE: UBS) downgraded shares of Post Properties from a “buy” rating to a “neutral” rating in a research note to investors on Monday, May 14th. They now have a $49.00 price target on the stock. Separately, analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Post Properties from $48.00 to $52.00 in a research note to investors on Thursday, May 10th. They now have an “equal weight” rating on the stock. Finally, analysts at Wunderlich upgraded shares of Post Properties from a “hold” rating to a “buy” rating in a research note to investors on Thursday, May 10th. They now have a $58.00 price target on the stock, up previously from $47.00.
Post Properties, Inc. is a self-administrated and self-managed equity real estate investment trust (REIT).