Post Properties Inc (PPS) : Hgi Capital Management scooped up 23,992 additional shares in Post Properties Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 60,539 shares of Post Properties Inc which is valued at $3,766,737.Post Properties Inc makes up approximately 5.93% of Hgi Capital Management’s portfolio.
Other Hedge Funds, Including , Kempen Capital Management N.v. boosted its stake in PPS in the latest quarter, The investment management firm added 3,045 additional shares and now holds a total of 17,233 shares of Post Properties Inc which is valued at $1,072,237. Post Properties Inc makes up approx 0.12% of Kempen Capital Management N.v.’s portfolio. Artisan Partners Limited Partnership sold out all of its stake in PPS during the most recent quarter. The investment firm sold 75,690 shares of PPS which is valued $4,709,432. Quadrature Capital Ltd added PPS to its portfolio by purchasing 32,405 company shares during the most recent quarter which is valued at $2,016,239. Post Properties Inc makes up approx 0.14% of Quadrature Capital Ltd’s portfolio.
Post Properties Inc opened for trading at $66.47 and hit $67.08 on the upside on Monday, eventually ending the session at $66.68, with a gain of 1.28% or 0.84 points. The heightened volatility saw the trading volume jump to 7,46,385 shares. Company has a market cap of $3,567 M.
On the company’s financial health, Post Properties Inc reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.79. The company had revenue of $99.72 million for the quarter, compared to analysts expectations of $99.37 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.
Many Wall Street Analysts have commented on Post Properties Inc. Post Properties Inc was Upgraded by Raymond James to ” Outperform” on Aug 29, 2016. Company shares were Reiterated by Deutsche Bank on Aug 16, 2016 to “Hold”, Firm has raised the Price Target to $ 65 from a previous price target of $61 .
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.