Post Properties Director Unloads $5,244,950 in Stock (PPS)
Post Properties (NYSE:PPS) Director Robert C. Goddard III sold 95,000 shares of the stock on the open market in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $55.21, for a total transaction of $5,244,950.00. Following the transaction, the director now directly owns 309,377 shares of the company’s stock, valued at approximately $17,080,704. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Post Properties (NYSE:PPS) traded up 0.15% on Wednesday, hitting $54.76. The stock had a trading volume of 400,172 shares. Post Properties has a one year low of $42.43 and a one 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 announced its earnings results on Thursday, July 31st. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.63 by $0.05. During the same quarter in the prior 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.
Several analysts have recently commented on the stock. 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 analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $52.96.
Post Properties, Inc is a self-administrated and self-managed equity real estate investment trust (NYSE:PPS).
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