Today, Mizuho Trust & Banking Co. Ltd. Reached $873,000 position of Post Properties Inc. (PPS)

Today, Mizuho Trust & Banking Co. Ltd. Reached $873,000 position  of Post Properties Inc. (PPS)

Mizuho Trust & Banking Co. Ltd. increased its position in shares of Post Properties Inc. (NYSE:PPS) by 27.6% during the third quarter, Holdings Channel reports. The institutional investor owned 13,205 shares of the real estate investment trust’s stock after buying an additional 2,859 shares during the period. Mizuho Trust & Banking Co. Ltd.’s holdings in Post Properties were worth $873,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PPS. State of Wisconsin Investment Board increased its position in shares of Post Properties by 59.5% in the third quarter. State of Wisconsin Investment Board now owns 54,660 shares of the real estate investment trust’s stock valued at $3,615,000 after buying an additional 20,400 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Post Properties by 197.1% in the third quarter. Wells Fargo & Company MN now owns 54,430 shares of the real estate investment trust’s stock valued at $3,600,000 after buying an additional 36,112 shares in the last quarter. Capital Fund Management S.A. acquired a new position in shares of Post Properties during the third quarter valued at approximately $792,000. World Asset Management Inc acquired a new position in shares of Post Properties during the third quarter valued at approximately $230,000. Finally, First Citizens Bank & Trust Co. increased its position in shares of 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. Hedge funds and other institutional investors own 93.28% of the company’s stock.

Shares of Post Properties Inc. (NYSE:PPS) traded up 0.85% during trading on Friday, reaching $65.00. The company’s stock had a trading volume of 222,648 shares. Post Properties Inc. has a 52-week low of $52.08 and a 52-week high of $69.39. The stock has a market cap of $3.48 billion, a P/E ratio of 45.45 and a beta of 0.14. The stock has a 50-day moving average of $64.57 and a 200-day moving average of $63.21.

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

Several brokerages have recently commented on PPS. Citigroup Inc. lifted their target price on Post Properties from $62.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday, August 5th. Zacks Investment Research downgraded Post Properties from a “buy” rating to a “hold” rating in a research note on Friday, November 4th. Cantor Fitzgerald reiterated a “hold” rating on shares of Post Properties in a research note on Monday, August 1st. Deutsche Bank AG lifted their target price on Post Properties from $61.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, August 16th. Finally, Barclays PLC lifted their target price on Post Properties from $64.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price 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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