Post Properties Inc (PPS) : Fox Run Management L.l.c. scooped up 5,300 additional shares in Post Properties Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 14,700 shares of Post Properties Inc which is valued at $917,280.Post Properties Inc makes up approximately 0.42% of Fox Run Management L.l.c.’s portfolio.
Other Hedge Funds, Including , Nisa Investment Advisors boosted its stake in PPS in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 52,000 shares of Post Properties Inc which is valued at $3,226,600. Post Properties Inc makes up approx 0.04% of Nisa Investment Advisors’s portfolio.Alpha Windward reduced its stake in PPS by selling 33 shares or 6.52% in the most recent quarter. The Hedge Fund company now holds 473 shares of PPS which is valued at $29,160. Post Properties Inc makes up approx 0.02% of Alpha Windward’s portfolio.
Post Properties Inc closed down -0.05 points or -0.08% at $62.4 with 2,30,475 shares getting traded on Wednesday. Post opening the session at $62.36, the shares hit an intraday low of $62.18 and an intraday high of $62.5 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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 May 2, 2016. Analyst had a consensus of $0.77. The company had revenue of $98.50 million for the quarter, compared to analysts expectations of $97.54 million. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.
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.