Post Properties Inc. (PPS) Receives $64.67 Consensus Target Price from Analysts
Shares of Post Properties Inc. (NYSE:PPS) have received an average rating of “Hold” from the eleven research firms that are presently covering the company. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $64.19.
Several research firms have recently weighed in on PPS. Cantor Fitzgerald reaffirmed a “hold” rating and set a $61.50 price objective on shares of Post Properties in a research report on Monday, July 18th. Citigroup Inc. upped their price objective on Post Properties from $62.00 to $63.00 and gave the stock a “neutral” rating in a research report on Friday, August 5th. Zacks Investment Research cut Post Properties from a “buy” rating to a “hold” rating in a research report on Friday, November 4th. Deutsche Bank AG upped their price objective on Post Properties from $61.00 to $65.00 and gave the stock a “hold” rating in a research report on Tuesday, August 16th. Finally, Barclays PLC upped their price objective on Post Properties from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 24th.
Post Properties (NYSE:PPS) opened at 65.03 on Wednesday. The firm has a 50-day moving average price of $64.99 and a 200 day moving average price of $62.86. The company has a market capitalization of $3.48 billion, a P/E ratio of 45.48 and a beta of 0.14. Post Properties has a 12 month low of $52.08 and a 12 month high of $69.39.
Post Properties (NYSE:PPS) last posted its quarterly earnings data on Monday, October 31st. The real estate investment trust reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.81 by $0.06. The firm had revenue of $101.60 million for the quarter, compared to analyst estimates of $100.95 million. Post Properties had a return on equity of 6.43% and a net margin of 19.61%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.76 earnings per share. Analysts expect that Post Properties will post $3.23 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were paid a $0.47 dividend. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $1.88 annualized dividend and a yield of 2.89%. Post Properties’s dividend payout ratio is 131.47%.
Hedge funds have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC raised its stake in Post Properties by 0.6% in the second quarter. Nisa Investment Advisors LLC now owns 52,000 shares of the real estate investment trust’s stock valued at $3,175,000 after buying an additional 300 shares in the last quarter. Capstone Asset Management Co. raised its stake in Post Properties by 2.6% in the second quarter. Capstone Asset Management Co. now owns 4,319 shares of the real estate investment trust’s stock valued at $264,000 after buying an additional 110 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Post Properties by 22.4% in the second quarter. BNP Paribas Arbitrage SA now owns 29,186 shares of the real estate investment trust’s stock valued at $1,782,000 after buying an additional 5,336 shares in the last quarter. Phocas Financial Corp. acquired a new stake in Post Properties during the first quarter valued at about $7,735,000. Finally, Squarepoint Ops LLC acquired a new stake in Post Properties during the first quarter valued at about $559,000. Hedge funds and other institutional investors own 96.34% of the company’s stock.
Post Properties Company Profile
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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