Today’s Stock Alert: Post Properties Inc (NYSE:PPS) Stock Price Gains While Sentiment Worsens

December 1, 2016 - By Louis Casey   ·   0 Comments

Today's Stock Alert: Post Properties Inc (NYSE:PPS) Stock Price Gains While Sentiment  Worsens

Sentiment for Post Properties Inc (NYSE:PPS)

Post Properties Inc (NYSE:PPS) institutional sentiment decreased to 0.88 in Q2 2016. Its down -0.36, from 1.24 in 2016Q1. The ratio is negative, as 117 active investment managers started new or increased stock positions, while 94 reduced and sold their stock positions in Post Properties Inc. The active investment managers in our partner’s database now have: 50.31 million shares, up from 49.83 million shares in 2016Q1. Also, the number of active investment managers holding Post Properties Inc in their top 10 stock positions increased from 1 to 3 for an increase of 2. Sold All: 18 Reduced: 76 Increased: 93 New Position: 24.

Post Properties, Inc. is a self-administrated and self-managed equity real estate investment trust . The company has a market cap of $3.54 billion. The Company’s divisions include Fully stabilized (same store) communities, which includes apartment communities that have been stabilized for both the current and prior year; Newly stabilized communities, which includes communities that reached stabilized occupancy in the prior year; Lease-up communities, which includes communities that are under development, rehabilitation and in lease-up but were not stabilized by the beginning of the current year, including communities that stabilized during the current year; Acquired communities, which include communities acquired in the current or prior year, and Held for sale and sold communities, which include apartment and mixed-use communities classified as held for sale or sold. It has a 45.38 P/E ratio.

The stock closed at $65.02 during the last session. It is down 12.30% since April 28, 2016 and is uptrending. It has outperformed by 6.37% the S&P500.

Analysts await Post Properties Inc (NYSE:PPS) to report earnings on February, 2. They expect $0.83 earnings per share, up 6.41% or $0.05 from last year’s $0.78 per share. PPS’s profit will be $45.19M for 19.58 P/E if the $0.83 EPS becomes a reality. After $0.75 actual earnings per share reported by Post Properties Inc for the previous quarter, Wall Street now forecasts 10.67% EPS growth.

According to Zacks Investment Research, “Post Properties, Inc. is one of the largest developers and operators of upscale multifamily apartment communities in the Southeastern and Southwestern United States. The company owns a number of stabilized communities containing apartment units located primarily in metropolitan Atlanta, Georgia; Dallas, Texas and Tampa, Florida.”

Eii Capital Management Inc. holds 2.84% of its portfolio in Post Properties Inc for 158,800 shares. Heitman Real Estate Securities Llc owns 843,060 shares or 2.79% of their US portfolio. Moreover, Apg Asset Management Us Inc. has 2% invested in the company for 4.20 million shares. The Illinois-based Perkins Investment Management Llc has invested 1.83% in the stock. Harrison Street Securities Llc, a Illinois-based fund reported 8,213 shares.#img1#

Post Properties Inc (NYSE:PPS) Ratings Coverage

Ratings analysis reveals 38% of Post Properties Inc.’s analysts are positive. Out of 8 Wall Street analysts rating Post Properties Inc., 3 give it “Buy”, 1 “Sell” rating, while 4 recommend “Hold”. The lowest target is $55 while the high is $68.50. The stock’s average target of $62.13 is -4.44% below today’s ($65.02) share price. PPS was included in 13 notes of analysts from July 21, 2015. The rating was downgraded by UBS to “Sell” on Thursday, March 10. On Tuesday, October 13 the stock rating was initiated by Mizuho with “Neutral”. The rating was upgraded by Zacks to “Hold” on Thursday, August 27. The company was initiated on Tuesday, September 15 by JMP Securities. Barclays Capital maintained the shares of PPS in a report on Wednesday, August 24 with “Equal-Weight” rating. Raymond James downgraded the shares of PPS in a report on Thursday, January 7 to “Mkt Perform” rating. The stock of Post Properties Inc (NYSE:PPS) earned “Buy” rating by SunTrust on Tuesday, July 21. Cantor Fitzgerald maintained the shares of PPS in a report on Wednesday, August 5 with “Hold” rating. The stock has “Outperform” rating given by Raymond James on Monday, August 29. The rating was maintained by Deutsche Bank with “Hold” on Tuesday, August 16.

PPS Company Profile

Post Properties, Inc., incorporated on January 25, 1984, is a self-administrated and self-managed equity real estate investment trust (REIT). The Company, through its subsidiaries, develops, owns and manages upscale multi-family apartment communities in selected markets in the United States. The Firm is the general partner and owns an interest in the Post Apartment Homes, L.P. (the Operating Partnership) which, through its subsidiaries, conducts the on-going activities of the Company. The Company’s divisions include Fully stabilized (same store) communities, which includes apartment communities that have been stabilized (the earlier of the point at which a property reaches approximately 95% occupancy or one year after completion of construction) for both the current and prior year; Newly stabilized communities, which includes communities that reached stabilized occupancy in the prior year; Lease-up communities, which includes communities that are under development, rehabilitation and in lease-up but were not stabilized by the beginning of the current year, including communities that stabilized during the current year; Acquired communities, which include communities acquired in the current or prior year, and Held for sale and sold communities, which include apartment and mixed-use communities classified as held for sale or sold.

More important recent Post Properties Inc (NYSE:PPS) news were published by: Streetinsider.com which released: “Mid-America Apartment (MAA), Post Properties (PPS) Announce Completion of Merger” on December 01, 2016, also Streetinsider.com published article titled: “Form 4 POST PROPERTIES INC For: Nov 30 Filed by: GODDARD ROBERT C III”, Fortune.com published: “MAA Is Buying Post Properties for $3.9 Billion” on August 15, 2016. More interesting news about Post Properties Inc (NYSE:PPS) was released by: Marketwatch.com and their article: “Mid-America Apartment confirms deal to buy Post Properties for nearly $4 billion” with publication date: August 15, 2016.

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By Louis Casey


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