Trade Report: The Dimensional Fund Advisors LP Increases Position in Post Properties Inc (PPS)

The Dimensional Fund Advisors LP Increases Position in Post Properties Inc (PPS)

Dimensional Fund Advisors LP increased its stake in shares of Post Properties Inc (NYSE:PPS) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 737,858 shares of the real estate investment trust’s stock after buying an additional 8,442 shares during the period. Dimensional Fund Advisors LP owned approximately 1.38% of Post Properties worth $45,045,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. LS Investment Advisors LLC increased its stake in Post Properties by 72.0% in the second quarter. LS Investment Advisors LLC now owns 3,208 shares of the real estate investment trust’s stock valued at $196,000 after buying an additional 1,343 shares in the last quarter. Prudential PLC purchased a new stake in Post Properties during the first quarter valued at about $227,000. Capstone Asset Management Co. increased its stake in Post Properties by 2.6% in the second quarter. Capstone Asset Management Co. now owns 4,319 shares of the real estate investment trust’s stock valued at $264,000 after buying an additional 110 shares in the last quarter. BlackRock Japan Co. Ltd increased its stake in Post Properties by 139.3% in the first quarter. BlackRock Japan Co. Ltd now owns 6,803 shares of the real estate investment trust’s stock valued at $406,000 after buying an additional 3,960 shares in the last quarter. Finally, Rafferty Asset Management LLC increased its stake in Post Properties by 49.0% in the first quarter. Rafferty Asset Management LLC now owns 7,195 shares of the real estate investment trust’s stock valued at $430,000 after buying an additional 2,366 shares in the last quarter. 95.66% of the stock is owned by institutional investors.

Shares of Post Properties Inc (NYSE:PPS) traded up 0.4831% during midday trading on Thursday, hitting $61.9378. 51,072 shares of the company were exchanged. The company has a 50-day moving average of $65.55 and a 200 day moving average of $61.81. The company has a market capitalization of $3.31 billion, a P/E ratio of 42.1346 and a beta of 0.38. Post Properties Inc has a one year low of $52.08 and a one year high of $69.39.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.88 dividend on an annualized basis and a yield of 3.05%. Post Properties’s payout ratio is 127.89%.

Several analysts recently issued reports on PPS shares. Cantor Fitzgerald reaffirmed a “hold” rating and set a $61.50 price objective on shares of Post Properties in a report on Monday, July 18th. Zelman & Associates downgraded shares of Post Properties from a “hold” rating to a “sell” rating in a 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 price objective for the company in a report on Monday, August 29th. Barclays PLC upped their price objective on shares of Post Properties from $64.00 to $65.00 and gave the stock an “equal weight” rating in a 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 $69.00 price target for the company in a report on Thursday, October 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $64.77.

Post Properties Company Profile

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