Post Properties Inc (PPS): Christopher J Papa , EVP & Chief Financial Officer of Post Properties Inc sold 26,650 shares on May 13, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $60.54 per share for a total value of $1,614,757.38 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 13, 2016, Arthur J Quirk (SVP & CAO) sold 4,340 shares at $60.71 per share price.On Mar 8, 2016, Russell R French (director) sold 10,000 shares at $58.56 per share price.
Post Properties Inc: On Monday, May 16, 2016 heightened volatility was witnessed in Post Properties Inc which led to swings in the share price. The shares opened for trading at $60.63 and hit $61.3 on the upside , eventually ending the session at $61.17, with a gain of 0.99% or 0.6 points. The heightened volatility saw the trading volume jump to 3,13,690 shares. The 52-week high of the share price is $62.55 and the company has a market cap of $3,272 M . The 52-week low of the share price is at $52.0801.
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.