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Post Properties Inc (NYSE:PPS) target price raised to $75.00, reported today by Zacks Investment Research

Yesterday Post Properties Inc (NYSE:PPS) traded 1.63% higher at $66.53. The company’s 50-day moving average is $64.70 and its 200-day moving average is $63.28. The last stock close price is up 5.14% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 762,793 shares of the stock were exchanged, up from an average trading volume of 442,003

Post Properties Inc (NYSE:PPS) had its target price raised to $75.00 by Zacks Investment Research in a report released 11/30/2016. The new target price indicates a possible upside of 0.13% based on the company's last stock close price.

Previously on 01/26/2016, Barclays Capital reported about Post Properties Inc (NYSE:PPS) lowered the target price from $62.00 to $61.00. At the time, this indicated a possible upside of 0.09%.

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Post Properties Inc (NYSE:PPS)

Post Properties Inc has a 52 week low of $52.08 and a 52 week high of $69.39 with a P/E ratio of 46.52 The company’s market cap is currently $0.

Also covering Post Properties Inc's price target, a total of 16 equity analysts have released a ratings update on PPS. The one year target is $61.34 with 1 broker rating the stock a strong buy, 1 broker rating the stock a buy, 17 firms rating the stock a hold, 1 brokerage rating the company a underperform, and lastly zero brokerages rating the company a sell.

Brief Synopsis On 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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