Today, Mutual of America Capital Management LLC invests in Post Properties Inc. (PPS) Shares

Today, Mutual of America Capital Management LLC invests in Post Properties Inc. (PPS) Shares
Mutual of America Capital Management LLC raised its stake in Post Properties Inc. (NYSE:PPS) by 2.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,149 shares of the real estate investment trust’s stock after buying an additional 1,001 shares during the period. Mutual of America Capital Management LLC owned 0.08% of Post Properties worth $2,655,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in PPS. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Post Properties by 0.5% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,675 shares of the real estate investment trust’s stock valued at $574,000 after buying an additional 46 shares in the last quarter. First Citizens Bank & Trust Co. boosted its stake in Post Properties by 1.7% in the third quarter. First Citizens Bank & Trust Co. now owns 4,381 shares of the real estate investment trust’s stock valued at $290,000 after buying an additional 74 shares in the last quarter. State Treasurer State of Michigan boosted its stake in Post Properties by 0.5% in the second quarter. State Treasurer State of Michigan now owns 21,500 shares of the real estate investment trust’s stock valued at $1,313,000 after buying an additional 100 shares in the last quarter. Capstone Asset Management Co. raised its position in shares of 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 worth $264,000 after buying an additional 110 shares during the last quarter. Finally, Boston Private Wealth LLC raised its position in shares of Post Properties by 2.5% in the second quarter. Boston Private Wealth LLC now owns 8,567 shares of the real estate investment trust’s stock worth $523,000 after buying an additional 207 shares during the last quarter. Hedge funds and other institutional investors own 93.28% of the company’s stock.

Post Properties Inc. (NYSE:PPS) traded up 0.85% during midday trading on Friday, hitting $65.00. The stock had a trading volume of 222,648 shares. Post Properties Inc. has a 12-month low of $52.08 and a 12-month high of $69.39. The firm has a 50-day moving average of $64.57 and a 200-day moving average of $63.21. The company has a market cap of $3.48 billion, a PE ratio of 45.45 and a beta of 0.14.

Post Properties (NYSE:PPS) last issued its quarterly earnings data on Monday, October 31st. The real estate investment trust reported $0.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by $0.06. The company earned $101.60 million during the quarter, compared to analyst estimates of $100.95 million. Post Properties had a net margin of 19.61% and a return on equity of 6.43%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the firm earned $0.76 EPS. Equities research analysts forecast that Post Properties Inc. will post $3.24 EPS for the current year.

A number of equities analysts recently commented on the company. Citigroup Inc. increased their price target on Post Properties from $62.00 to $63.00 and gave the company a “neutral” rating in a research note on Friday, August 5th. Deutsche Bank AG increased their price target on Post Properties from $61.00 to $65.00 and gave the company a “hold” rating in a research note on Tuesday, August 16th. Zacks Investment Research lowered Post Properties from a “buy” rating to a “hold” rating in a research note on Friday, November 4th. Barclays PLC increased their price target on Post Properties from $64.00 to $65.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 24th. Finally, Cantor Fitzgerald reissued a “hold” rating on shares of Post Properties in a research note on Monday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $64.40.

Post Properties Company Profile

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.

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