Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Post Properties Inc (NYSE:PPS) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 127,000 shares of the real estate investment trust’s stock, valued at approximately $8,399,000. Caisse DE Depot ET Placement DU Quebec owned about 0.24% of Post Properties as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the stock. Amalgamated Bank raised its stake in shares of Post Properties by 8.0% in the second quarter. Amalgamated Bank now owns 7,168 shares of the real estate investment trust’s stock valued at $443,000 after buying an additional 534 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Post Properties by 10.7% in the second quarter. Legal & General Group Plc now owns 116,414 shares of the real estate investment trust’s stock valued at $7,107,000 after buying an additional 11,234 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Post Properties by 1.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 53,046 shares of the real estate investment trust’s stock valued at $3,238,000 after buying an additional 710 shares during the last quarter. Numeric Investors LLC raised its stake in shares of Post Properties by 1,646.5% in the second quarter. Numeric Investors LLC now owns 660,167 shares of the real estate investment trust’s stock valued at $40,303,000 after buying an additional 622,367 shares during the last quarter. Finally, Weiss Multi Strategy Advisers LLC purchased a new stake in shares of Post Properties during the second quarter valued at about $18,329,000. Hedge funds and other institutional investors own 94.33% of the company’s stock.
Post Properties Inc (NYSE:PPS) remained flat at $65.02 during trading on Friday. The firm has a 50 day moving average of $64.97 and a 200-day moving average of $63.34. Post Properties Inc has a 1-year low of $52.08 and a 1-year high of $69.39.
Separately, Zacks Investment Research upgraded Post Properties from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Wednesday, November 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $65.78.
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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