Deutsche Bank disclosed Post Properties (NYSE:PPS), boosting its stock price target to $65.00 earlier today
- Updated: September 17, 2016
In a report issued Tuesday August 16 2016 Deutsche Bank increased the target price of Post Properties (NYSE:PPS) from $61 to $65 reporting a possible downside of -0.05%.
Previously on 4/12/2016, Cowen released a statement about Post Properties(NYSE:PPS) lowered the target price from $63.00 to $3.00. At the time, this indicated a possible downside of -0.95%.
Showing a price of $68.08, Post Properties (NYSE:PPS) traded 0.20% lower on the day. The last stock price is up 7.39% from the two hundred day average, compared with the S&P 500 which has fallen -0.01% over the same period. Post Properties has recorded a 50-day moving average of $64.60 and two hundred day average of $60.58. Trade volume was was down over the average, with 459,870 shares of PPS changing hands under the typical 662,161 shares.
With a market capitalization of $0.0, Post Properties has a one-year low of $52.08 and a 52 week high of $69.39 with a price-earnings ratio of 44.
A total of 16 brokers have released a report on the stock. One firm rate the stock a strong buy, one analyst rate the company a buy, 17 analyts rate the stock a hold, one analyst rate the stock to underperform, and lastly 0 analystsrate the stock as sell with a 12-month target price of $61.34
Brief Synopsis About Post Properties (NYSE:PPS)
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. Its operating divisions include Post Apartment Management, Post Construction and Property Services, and Post Investment Group and Post Corporate Services.
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