Pensionfund Sabic adds Post Properties Inc (PPS) to its portfolio

Post Properties Inc (PPS) : Pensionfund Sabic added new position in Post Properties Inc during the most recent quarter end. The investment management firm now holds 9,000 shares of Post Properties Inc which is valued at $517,050 according to a report filed by the company on Apr 4, 2016 with the SEC.Post Properties Inc makes up approximately 0.16% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands added PPS to its portfolio by purchasing 25,000 company shares during the most recent quarter which is valued at $1.4 Million. Post Properties Inc makes up approx 0.20% of Pensionfund Dsm Netherlands’s portfolio.

On the company’s financial health, Post Properties Inc reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $0.77. The company had revenue of $97.40 million for the quarter, compared to analysts expectations of $95.86 million. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS.

Many Wall Street Analysts have commented on Post Properties Inc. Post Properties Inc was Downgraded by Raymond James to ” Mkt Perform” on Jan 7, 2016.

Post Properties Inc closed down -1.16 points or -1.98% at $57.45 with 4,98,266 shares getting traded on Monday. Post opening the session at $58.72, the shares hit an intraday low of $57.43 and an intraday high of $58.72 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

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