Post Properties Inc (NYSE:PPS) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: November 30, 2016
Zacks Investment Research has downgraded Post Properties Inc (NYSE:PPS) to Hold in a statement released on 12/01/2016.
On 11/30/2016, Zacks Investment Research released a statement for Post Properties Inc (NYSE:PPS) bumped up the target price from $0.00 to $75.00 that suggested an upside of 0.13%.
Boasting a price of $65.02, Post Properties Inc (NYSE:PPS) traded 1.63% higher on the day. With the last stock price close up 5.14% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Post Properties Inc has recorded a 50-day average of $64.70 and a two hundred day average of $63.28. Volume of trade was up over the average, with 762,793 shares of PPS changing hands over the typical 442,003
With a total market value of $0, Post Properties Inc has price-earnings ratio of 46.52 with a one year low of $52.08 and a one year high of $69.39 .
A total of 16 equity analysts have released a ratings update on PPS. One equity analyst rating the company a strong buy, one equity analyst rating the company a buy, seventeen equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $61.34.
Brief Synopsis About Post Properties Inc (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, Post Investment Group and Post Corporate Services.
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