Post Properties EVP David C. Ward Unloads 8,579 Shares (PPS)
Post Properties (NYSE:PPS) EVP David C. Ward sold 8,579 shares of Post Properties stock on the open market in a transaction dated Monday, August 4th. The stock was sold at an average price of $54.38, for a total value of $466,526.02. Following the transaction, the executive vice president now directly owns 16,374 shares of the company’s stock, valued at approximately $890,418. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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 assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $52.96.
Shares of Post Properties (NYSE:PPS) traded up 0.15% during mid-day trading on Wednesday, hitting $54.76. The stock had a trading volume of 400,172 shares. Post Properties has a 52-week low of $42.43 and a 52-week high of $55.91. The stock has a 50-day moving average of $54.32 and a 200-day moving average of $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.
Post Properties, Inc is a self-administrated and self-managed equity real estate investment trust (NYSE:PPS).
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