Traders Buy Post Properties Inc. (PPS) on Weakness
Traders purchased shares of Post Properties Inc. (NYSE:PPS) on weakness during trading on Friday. $22.64 million flowed into the stock on the tick-up and $12.48 million flowed out of the stock on the tick-down, for a money net flow of $10.16 million into the stock. Of all companies tracked, Post Properties had the 10th highest net in-flow for the day. Post Properties traded down ($0.48) for the day and closed at $65.84
A number of equities research analysts have weighed in on the company. Barclays PLC lifted their price objective on Post Properties from $64.00 to $65.00 and gave the company an “equal weight” rating in a report on Wednesday. Deutsche Bank AG boosted their price target on Post Properties from $61.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, August 16th. Zacks Investment Research lowered Post Properties from a “buy” rating to a “hold” rating in a research note on Friday, August 12th. Citigroup Inc. boosted their price target on Post Properties from $62.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, August 5th. Finally, Cantor Fitzgerald reissued a “hold” rating on shares of Post Properties in a research note on Monday, August 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $63.70.
The firm’s 50-day moving average is $63.65 and its 200 day moving average is $59.87. The firm has a market capitalization of $3.52 billion and a P/E ratio of 44.79.
Post Properties (NYSE:PPS) last announced its quarterly earnings results on Monday, August 1st. The real estate investment trust reported $0.82 EPS for the quarter, beating the consensus estimate of $0.79 by $0.03. The firm earned $99.70 million during the quarter, compared to analyst estimates of $99.30 million. Post Properties’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.74 EPS. Analysts anticipate that Post Properties Inc. will post $3.22 earnings per share for the current fiscal year.
Post Properties, Inc is a self-administrated and self-managed equity real estate investment trust (REIT). The Company’s segments include Fully stabilized (same store) communities, which includes apartment communities that have been stabilized for both the current and prior year; Newly stabilized communities, which includes communities that reached stabilized occupancy in the prior year; Lease-up communities, which includes communities that are under development, rehabilitation and in lease-up but were not stabilized by the beginning of the current year, including communities that stabilized during the current year; Acquired communities, which include communities acquired in the current or prior year, and Held for sale and sold communities, which include apartment and mixed-use communities classified as held for sale or sold.
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