Post Properties Inc (PPS): Sheila J. Teabo , Executive Vice Pres. of Post Properties Inc sold 2,080 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were sold at $61.17 per share for a total value of $127,233.60 , 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 17, 2016, Christopher J Papa (EVP & Chief Financial Officer) sold 26,650 shares at $60.54 per share price.On May 13, 2016, Arthur J Quirk (SVP & CAO) sold 4,340 shares at $60.71 per share price.Also, On Mar 8, 2016, Russell R French (director) sold 10,000 shares at $58.56 per share price.
Shares of Post Properties Inc (PPS) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.54 points or -0.90% at $59.44 with 3,40,505 shares getting traded. Post opening the session at $59.15, the shares hit an intraday low of $59.1201 and an intraday high of $59.8 and the price vacillated in this range throughout the day. The company has a market cap of $3,179 M and the number of outstanding shares has been calculated to be 5,34,87,246 shares. The 52-week high of Post Properties Inc is $62.55 and the 52-week low is $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.