The stock of Post Properties Inc (NYSE:PPS) is a huge mover today! The stock decreased 2.03% or $1.37 on September 30, hitting $66.13. Post Properties Inc (NYSE:PPS) has risen 18.66% since February 29, 2016 and is uptrending. It has outperformed by 8.24% the S&P500.
The move comes after 5 months negative chart setup for the $3.56B company. It was reported on Oct, 1 by Barchart.com. We have $62.82 PT which if reached, will make NYSE:PPS worth $178.00 million less.
Analysts await Post Properties Inc (NYSE:PPS) to report earnings on November, 7. They expect $0.81 earnings per share, up 6.58% or $0.05 from last year’s $0.76 per share. PPS’s profit will be $43.61 million for 20.41 P/E if the $0.81 EPS becomes a reality. After $0.82 actual earnings per share reported by Post Properties Inc for the previous quarter, Wall Street now forecasts -1.22% negative EPS growth.
Post Properties Inc (NYSE:PPS) Ratings Coverage
Out of 8 analysts covering Post Properties Inc. (NYSE:PPS), 3 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 38% are positive. Post Properties Inc. has been the topic of 13 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was initiated by SunTrust with “Buy” on Tuesday, July 21. The firm has “Sell” rating given on Thursday, March 10 by UBS. As per Thursday, January 7, the company rating was downgraded by Raymond James. The stock of Post Properties Inc (NYSE:PPS) earned “Hold” rating by Cantor Fitzgerald on Wednesday, August 5. Raymond James upgraded the stock to “Outperform” rating in Monday, August 29 report. As per Tuesday, November 10, the company rating was initiated by BB&T Capital. The firm has “Hold” rating by Zacks given on Thursday, August 27. The firm has “Market Perform” rating by JMP Securities given on Tuesday, September 15. The firm earned “Equal-Weight” rating on Wednesday, August 24 by Barclays Capital. Deutsche Bank maintained the shares of PPS in a report on Tuesday, August 16 with “Hold” rating.
According to Zacks Investment Research, “Post Properties, Inc. is one of the largest developers and operators of upscale multifamily apartment communities in the Southeastern and Southwestern United States. The company owns a number of stabilized communities containing apartment units located primarily in metropolitan Atlanta, Georgia; Dallas, Texas and Tampa, Florida.”
Insitutional Activity: The institutional sentiment increased to 1.24 in Q2 2016. Its up 0.09, from 1.15 in 2016Q1. The ratio is positive, as 18 funds sold all Post Properties Inc shares owned while 76 reduced positions. 24 funds bought stakes while 93 increased positions. They now own 50.31 million shares or 0.97% more from 49.83 million shares in 2016Q1.
Blackrock holds 402,781 shares or 0.01% of its portfolio. Commonwealth Of Pennsylvania Pub School Empls Retrmt holds 0.01% or 10,295 shares in its portfolio. Rhumbline Advisers last reported 87,738 shares in the company. Mizuho Asset Coltd has invested 0.17% of its portfolio in Post Properties Inc (NYSE:PPS). Moreover, Amica Mutual has 0.05% invested in Post Properties Inc (NYSE:PPS) for 9,019 shares. Martingale Asset Mgmt Lp has 227,768 shares for 0.23% of their US portfolio. Prospector Lc holds 0.13% of its portfolio in Post Properties Inc (NYSE:PPS) for 12,400 shares. Great West Life Assurance Company Can has invested 0% of its portfolio in Post Properties Inc (NYSE:PPS). Qs Invsts Ltd Liability Corporation holds 5 shares or 0% of its portfolio. Eaton Vance holds 0.04% or 223,391 shares in its portfolio. New York State Common Retirement Fund last reported 0.01% of its portfolio in the stock. Chicago Equity Prns Ltd accumulated 0.09% or 47,878 shares. Dimensional Fund Advsr Limited Partnership, a Texas-based fund reported 737,858 shares. Commercial Bank Of Montreal Can last reported 255,629 shares in the company. Metropolitan Life Insurance Communications Ny last reported 0.02% of its portfolio in the stock.
Insider Transactions: Since May 11, 2016, the stock had 0 insider buys, and 3 selling transactions for $583,812 net activity. 3,220 shares with value of $193,200 were sold by Ward David C. on Friday, May 20. Another trade for 2,080 shares valued at $127,234 was made by Teabo Sheila J. on Monday, May 16. Another trade for 4,340 shares valued at $263,378 was sold by QUIRK ARTHUR J.
More notable recent Post Properties Inc (NYSE:PPS) news were published by: Wsj.com which released: “MAA Near Deal to Buy Post Properties for About $4 Billion” on August 14, 2016, also Marketwatch.com with their article: “Mid-America Apartment confirms deal to buy Post Properties for nearly $4 billion” published on August 15, 2016, Prnewswire.com published: “Post Properties Inc. Acquisition May Not Be in the Best Interests of PPS …” on August 17, 2016. More interesting news about Post Properties Inc (NYSE:PPS) were released by: Blogs.Wsj.com and their article: “CFO Moves: Liberty Property Trust, Post Properties” published on May 09, 2016 as well as Benzinga.com‘s news article titled: “Barclays Comments On Post Properties-Mid America Merger” with publication date: August 24, 2016.
PPS Company Profile
Post Properties, Inc., incorporated on January 25, 1984, is a self-administrated and self-managed equity real estate investment trust (REIT). The Company, through its subsidiaries, develops, owns and manages upscale multi-family apartment communities in selected markets in the United States. The Firm is the general partner and owns an interest in the Post Apartment Homes, L.P. (the Operating Partnership) which, through its subsidiaries, conducts the on-going activities of the Company. The Company’s divisions include Fully stabilized (same store) communities, which includes apartment communities that have been stabilized (the earlier of the point at which a property reaches approximately 95% occupancy or one year after completion of construction) 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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