Traders Buy Post Properties Inc. (PPS) on Weakness
Traders purchased shares of Post Properties Inc. (NYSE:PPS) on weakness during trading hours 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 equities 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
Several analysts recently commented on PPS shares. Zelman & Associates cut Post Properties from a “hold” rating to a “sell” rating in a report on Tuesday, May 10th. Zacks Investment Research cut Post Properties from a “buy” rating to a “hold” rating in a report on Friday, August 12th. Cantor Fitzgerald reiterated a “hold” rating on shares of Post Properties in a report on Monday, August 1st. Citigroup Inc. boosted their price target on Post Properties from $62.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, August 5th. Finally, Deutsche Bank AG boosted their price target on Post Properties from $61.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, August 16th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. Post Properties currently has an average rating of “Hold” and a consensus target price of $63.70.
The stock has a market cap of $3.52 billion and a P/E ratio of 44.79. The firm has a 50-day moving average price of $63.65 and a 200 day moving average price of $59.87.
Post Properties (NYSE:PPS) last issued its quarterly earnings results on Monday, August 1st. The real estate investment trust reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.03. The business earned $99.70 million during the quarter, compared to analysts’ expectations of $99.30 million. During the same quarter in the previous year, the company posted $0.74 earnings per share. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts predict that Post Properties Inc. will post $3.22 EPS 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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