Large Inflow of Money Detected in Post Properties

Post Properties (PPS) stock had a bullish inflow of $3.66 million worth of trades on uptick and an outflow of $1.88 million in downticks on Wednesday. The total uptick to downtick ratio stood at 1.95. The net money flow into the stock was $1.79 million. The money flow data, which is calculated as the dollar value of composite uptick minus the downtick trades indicated bullish. The block trades had a total money flow of $1.85 million. $1.85 million of block trade during Uptick was observed, which shows continued buying by the smart money on every weakness. However, Post Properties (PPS) stock traded down $0.03 , and reached $62.42, a drop of -0.05% over the previous day. On a weekly basis, the stock is 0.56%, over the previous weeks close.


Also, Zelman downgrades its rating on Post Properties (NYSE:PPS). Analysts at the Zelman have a current rating of Sell on the shares. The shares were previously rated Hold. The rating by the firm was issued on June 22, 2016.

Post Properties (NYSE:PPS): The stock opened at $62.36 on Wednesday but the bulls could not build on the opening and the stock topped out at $62.50 for the day. The stock traded down to $62.18 during the day, due to lack of any buying support eventually closed down at $62.40 with a loss of -0.08% for the day. The stock had closed at $62.45 on the previous day. The total traded volume was 230,475 shares.

The stock has recorded a 20-day Moving Average of 2.82% and the 50-Day Moving Average is 4.41%. In a related news, The officer (EVP & Chief Investment Officer), of Post Properties Inc, Ward David C. had unloaded 3,220 shares at $60 per share in a transaction on May 20, 2016. The total value of transaction was $193,200. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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 22,994 apartment units in 58 communities, including 1,471 apartment units in four communities held in unconsolidated entities and 1,705 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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