Traders Sell Shares of Post Properties Inc. (PPS) on Strength (PPS)
Investors sold shares of Post Properties Inc. (NYSE:PPS) on strength during trading hours on Wednesday. $26.03 million flowed into the stock on the tick-up and $57.77 million flowed out of the stock on the tick-down, for a money net flow of $31.74 million out of the stock. Of all equities tracked, Post Properties had the 0th highest net out-flow for the day. Post Properties traded up $0.94 for the day and closed at $66.88
Several brokerages recently commented on PPS. Deutsche Bank AG upped their price target on shares of Post Properties from $61.00 to $65.00 and gave the company a “hold” rating in a research report on Tuesday. Zacks Investment Research downgraded shares of Post Properties from a “buy” rating to a “hold” rating in a research report on Friday, August 12th. Citigroup Inc. upped their price objective on shares of Post Properties from $62.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, August 5th. Cantor Fitzgerald reiterated a “hold” rating on shares of Post Properties in a research note on Monday, August 1st. Finally, Zelman & Associates lowered shares of Post Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, May 10th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. Post Properties currently has a consensus rating of “Hold” and a consensus price target of $63.40.
The firm has a market cap of $3.58 billion and a P/E ratio of 45.50. The company has a 50-day moving average of $62.69 and a 200 day moving average of $59.39.
Post Properties (NYSE:PPS) last released its quarterly earnings data on Monday, August 1st. The real estate investment trust reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.03. The firm had revenue of $99.70 million for the quarter, compared to the consensus estimate of $99.30 million. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.74 EPS. Equities research analysts forecast that Post Properties Inc. will post $3.22 earnings per share for the current year.
In related news, EVP David C. Ward sold 3,220 shares of Post Properties stock in a transaction that occurred on Friday, May 20th. The shares were sold at an average price of $60.00, for a total transaction of $193,200.00. Following the transaction, the executive vice president now owns 29,207 shares of the company’s stock, valued at approximately $1,752,420. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
A hedge fund recently bought a new stake in Post Properties stock. Matarin Capital Management LLC acquired a new position in Post Properties Inc. (NYSE:PPS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 70,038 shares of the real estate investment trust’s stock, valued at approximately $4,143,000. Matarin Capital Management LLC owned about 0.13% of Post Properties at the end of the most recent reporting period.
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.
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