Insider Selling: Charles A. Konas Unloads 6,248 Shares of Post Properties Stock (PPS)
Post Properties (NYSE:PPS) Insider Charles A. Konas sold 6,248 shares of Post Properties stock on the open market in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $54.44, for a total value of $340,141.12. Following the completion of the transaction, the insider now directly owns 18,292 shares of the company’s stock, valued at approximately $995,816. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
PPS has been the subject of a number of recent research reports. Analysts at Citigroup Inc. downgraded shares of Post Properties from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. They now have a $58.00 price target on the stock, up previously from $55.00. Separately, analysts at Barclays raised their price target on shares of Post Properties from $50.00 to $53.00 in a research note on Monday, July 21st. They now have an “equal weight” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Post Properties from $47.00 to $51.00 in a research note on Wednesday, July 9th. They now have a “hold” rating on the stock. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Post Properties currently has an average rating of “Hold” and a consensus target price of $52.96.
Post Properties (NYSE:PPS) traded up 0.15% on Wednesday, hitting $54.76. 400,172 shares of the company’s stock traded hands. Post Properties has a 1-year low of $42.43 and a 1-year high of $55.91. The stock’s 50-day moving average is $54.32 and its 200-day moving average is $50.7. The company has a market cap of $2.978 billion and a P/E ratio of 24.62.
Post Properties (NYSE:PPS) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by $0.05. During the same quarter in the previous year, the company posted $0.87 earnings per share. On average, analysts predict that Post Properties will post $2.38 earnings per share for the current fiscal year.
Post Properties, Inc is a self-administrated and self-managed equity real estate investment trust (NYSE:PPS).
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