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Post Properties Inc (NYSE:PPS) target price raised to $69.00, issued a report today by Zacks Investment Research

Boasting a price of $61.91, Post Properties Inc (NYSE:PPS) traded -0.59% lower on the day. The last stock close price is up -1.21% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $66.00 and a two hundred day average of $61.75. Trade Volume was up over the average, with 693,251 shares of PPS changing hands over the typical 638,477

Zacks Investment Research bumped up the target of Post Properties Inc (NYSE:PPS) to $69.00 stating a potential upside of 0.11%.

Recent Performance Chart

Post Properties Inc (NYSE:PPS)

Post Properties Inc has 52 week low of $52.08 and a 52 week high of $69.39 with a P/E ratio of 41.50 and has a market cap of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 16 brokerages have issued a ratings update on the company. The average stock price target is $61.34 with 1 brokerage rating the stock a strong buy, 1 brokerage rating the stock a buy, 17 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

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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