Post Properties Inc. (NYSE:PPS) announced a quarterly dividend on Wednesday, September 21st. Shareholders of record on Friday, September 30th will be given a dividend of 0.47 per share by the real estate investment trust on Friday, October 14th. This represents a $1.88 annualized dividend and a yield of 2.82%. The ex-dividend date is Wednesday, September 28th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Investment Management LLC boosted its position in Post Properties by 2.7% in the second quarter. BlackRock Investment Management LLC now owns 157,850 shares of the real estate investment trust’s stock valued at $9,637,000 after buying an additional 4,184 shares during the last quarter. BlackRock Inc. boosted its position in Post Properties by 51.0% in the second quarter. BlackRock Inc. now owns 125,376 shares of the real estate investment trust’s stock valued at $7,655,000 after buying an additional 42,363 shares during the last quarter. BlackRock Fund Advisors boosted its position in Post Properties by 3.4% in the second quarter. BlackRock Fund Advisors now owns 2,246,472 shares of the real estate investment trust’s stock valued at $137,147,000 after buying an additional 73,867 shares during the last quarter. BlackRock Group LTD boosted its position in Post Properties by 1.7% in the second quarter. BlackRock Group LTD now owns 402,781 shares of the real estate investment trust’s stock valued at $24,591,000 after buying an additional 6,779 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in Post Properties by 3.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,356,748 shares of the real estate investment trust’s stock valued at $143,879,000 after buying an additional 71,534 shares during the last quarter. 95.66% of the stock is owned by hedge funds and other institutional investors.

Shares of Post Properties (NYSE:PPS) traded up 0.36% on Wednesday, reaching $66.70. 499,881 shares of the company’s stock traded hands. The firm’s 50-day moving average is $65.35 and its 200-day moving average is $61.17. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 45.37 and a beta of 0.56. Post Properties has a 52-week low of $52.08 and a 52-week high of $69.39.

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Post Properties (NYSE:PPS) last issued its earnings results on Monday, August 1st. The real estate investment trust reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.03. The business earned $99.70 million during the quarter, compared to analysts’ expectations of $99.30 million. Post Properties had a net margin of 20.21% and a return on equity of 6.49%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 earnings per share. Analysts anticipate that Post Properties will post $3.23 EPS for the current fiscal year.

A number of research analysts have recently weighed in on PPS shares. Cantor Fitzgerald reissued a “hold” rating and set a $61.50 target price on shares of Post Properties in a research report on Monday, July 18th. Zelman & Associates downgraded shares of Post Properties from a “hold” rating to a “sell” rating in a research report on Wednesday, June 22nd. Raymond James Financial Inc. raised shares of Post Properties from a “market perform” rating to an “outperform” rating and set a $72.50 target price for the company in a research report on Monday, August 29th. Barclays PLC increased their target price on shares of Post Properties from $64.00 to $65.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 24th. Finally, Zacks Investment Research raised shares of Post Properties from a “hold” rating to a “buy” rating and set a $66.00 target price for the company in a research report on Thursday, June 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. Post Properties presently has an average rating of “Hold” and an average price target of $64.50.

About Post Properties

Post Properties, Inc is a self-administrated and self-managed equity real estate investment trust (REIT). The Company’s segments 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.

5 Day Chart for NYSE:PPS

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