Post Properties (PPS) : The highest level Post Properties (PPS) is projected to reach is $77 for the short term and the lowest estimate is at $58. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $66.2 and the possibility the share price can swing is $5.6.
Post Properties (PPS) : 1 brokerage houses believe that Post Properties (PPS) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 9 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Post Properties (PPS). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 11 Wall Street Analysts endorse the stock as a Hold with a rating of 2.73.
Also, Barclays maintains their rating on the shares of Post Properties (NYSE:PPS). The current rating of the shares is Equal-weight. Equity Analysts at the Firm raises the price target to $65 per share from $64 per share. The rating by the firm was issued on August 24, 2016.
Post Properties (NYSE:PPS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $66.35 and $65.95 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $67.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $67.12, notching a gain of 1.27% for the day. The total traded volume was 440,168 . The stock had closed at $66.28 on the previous day.
Post Properties, Inc. is a self-administrated and self-managed equity real estate investment trust (REIT). The Company along with its subsidiaries develops, owns and manages upscale multi-family apartment communities in selected markets in the United States. The Company operates through segments, including Fully stabilized (same store) communities, Newly stabilized communities, Lease-up communities, Acquired communities and Held for sale and sold communities. As of December 31, 2014, the Company had interests in 22,994 apartment units in 58 communities, including 1,471 apartment units in four communities held in unconsolidated entities and 1,705 apartment units in five communities under development or in lease-up. The major operating divisions of the Company include Post Apartment Management, Post Construction and Property Services, Post Investment Group and Post Corporate Services.