UBS AG Cuts Post Properties to Neutral (PPS)
Post Properties (NYSE: PPS) was downgraded by research analysts at UBS AG (NYSE: UBS) from a “buy” rating to a “neutral” rating in a report released on Monday. They currently have a $49.00 target price on the stock.
Shares of Post Properties traded down 0.67% during mid-day trading on Monday, hitting $48.90. Post Properties has a 52 week low of $32.18 and a 52 week high of $50.83. The company has a market cap of $2.626 billion and a P/E ratio of 62.87.
Post Properties last announced its earnings results on Monday, May 7th. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.12. The company’s quarterly revenue was up 9.3% on a year-over-year basis. On average, analysts predict that Post Properties will post $0.56 earnings per share next quarter.
PPS has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Compass Point reiterated a “sell” rating on shares of Post Properties in a research note to investors on Tuesday, May 8th.
Post Properties, Inc. is a self-administrated and self-managed equity real estate investment trust (REIT).