Post Properties Inc (PPS) : Apg Asset Management Us reduced its stake in Post Properties Inc by 0.26% during the most recent quarter end. The investment management company now holds a total of 4,197,970 shares of Post Properties Inc which is valued at $261,197,693 after selling 10,906 shares in Post Properties Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Post Properties Inc makes up approximately 2.00% of Apg Asset Management Us’s portfolio.
Other Hedge Funds, Including , Raymond James Associates boosted its stake in PPS in the latest quarter, The investment management firm added 1,967 additional shares and now holds a total of 8,246 shares of Post Properties Inc which is valued at $513,066.Blackrock Group Ltd boosted its stake in PPS in the latest quarter, The investment management firm added 6,779 additional shares and now holds a total of 402,781 shares of Post Properties Inc which is valued at $25,061,034. Post Properties Inc makes up approx 0.01% of Blackrock Group Ltd’s portfolio. Tlp Group sold out all of its stake in PPS during the most recent quarter. The investment firm sold 8,500 shares of PPS which is valued $533,545.Mutual Of America Capital Management boosted its stake in PPS in the latest quarter, The investment management firm added 1,739 additional shares and now holds a total of 39,148 shares of Post Properties Inc which is valued at $2,456,537. Post Properties Inc makes up approx 0.05% of Mutual Of America Capital Management’s portfolio.
Post Properties Inc closed down -0.25 points or -0.38% at $66.3 with 6,00,841 shares getting traded on Tuesday. Post opening the session at $66.68, the shares hit an intraday low of $66.3 and an intraday high of $67.11 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Post Properties Inc reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.79. The company had revenue of $99.72 million for the quarter, compared to analysts expectations of $99.37 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.
Many Wall Street Analysts have commented on Post Properties Inc. Company shares were Reiterated by Deutsche Bank on Aug 16, 2016 to “Hold”, Firm has raised the Price Target to $ 65 from a previous price target of $61 .
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 22994 apartment units in 58 communities including 1471 apartment units in four communities held in unconsolidated entities and 1705 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.