Barclays Raises Numbers on Post Properties (PPS); Ex-Condos, Shares Trade At Premium Multiple
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Price: $65.02 --0%
Rating Summary:
5 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
5 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Barclays maintains an 'Equalweight' on Post Properties (NYSE: PPS) price target raised from $48 to $52.
Analyst, Ross L. Smotrich, said, "Fundamentals are improving rapidly for PPS, with rents up 7% on new leases in April, as the spring leasing season ramps up. Still, occupancy is likely at its highs for the cycle and may be a slight headwind for revenue growth in the coming quarters...Excluding condos, PPS still trades at a premium multiple."
Barclays raises FY12 FFO estimate from $2.25 to $2.38 and FY13 from $2.30 to $2.45.
For an analyst ratings summary and ratings history on Post Properties click here. For more ratings news on Post Properties click here.
Shares of Post Properties closed at $50.05 yesterday.
Analyst, Ross L. Smotrich, said, "Fundamentals are improving rapidly for PPS, with rents up 7% on new leases in April, as the spring leasing season ramps up. Still, occupancy is likely at its highs for the cycle and may be a slight headwind for revenue growth in the coming quarters...Excluding condos, PPS still trades at a premium multiple."
Barclays raises FY12 FFO estimate from $2.25 to $2.38 and FY13 from $2.30 to $2.45.
For an analyst ratings summary and ratings history on Post Properties click here. For more ratings news on Post Properties click here.
Shares of Post Properties closed at $50.05 yesterday.
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