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PPS $65.02

PPS target price
65.02
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0
Post Properties, Inc.
Industry Apartments
Fate Acquired
Founded 1971
Headquarters Atlanta, Georgia
Key people
David Stockert, President and Chief Executive Officer
Revenue Increase US$0.384 billion (2015)
Net income
Decrease US$0.080 billion (2015)
Total assets Decrease US$2.271 billion (2015)
Total equity Decrease US$1.243 billion (2015)
Number of employees
650 (2015)
Website www.postproperties.com

Post Properties, Inc. was a publicly-traded real estate investment trust headquartered in Atlanta, Georgia that invested in apartments. As of December 31, 2015, the company owned interests in 24,162 apartment units in 61 communities. In 2016, the company was acquired by Mid-America Apartment Communities.

The company was founded in 1971 by John A. Williams and Douglas Bates.

On July 15, 1993, the company became a public company via an initial public offering.

While the company initially developed garden-style apartments, it shifted its focus to mixed-use infill developments in 1998.

In 1997, the company acquired Columbus Realty Trust, which owned 7,526 apartment units, in a $600 million transaction.

In 1999, the company established an initiative to wire its apartments for high speed internet access.

In January 2001, David Stockert was named president and chief operating officer of the company.

In 2001, the company received $99 million from the sale of 2 apartment complexes near Dallas, Texas and a land parcel in Charlotte, North Carolina. The company also entered into a joint venture with the New York State Common Retirement Fund to develop a property in Pasadena, California.

In 2002, the company sold 3 properties in Texas and Florida for approximately $86 million.

In 2002, founder John A. Williams resigned as CEO of the company. In 2004, he resigned from the board of directors of the company after losing a proxy battle.

In 2005, the company converted an apartment complex in Atlanta to 121 condominium units.

Effective May 2016, chief financial officer Mark Papa resigned to take a position with Liberty Property Trust.

In December 2016, the company was acquired by Mid-America Apartment Communities.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS

Ratings

2016-06-22 Downgrade Zelman & Associates Hold to Sell
2016-06-04 Reiterated Rating Cantor Fitzgerald Hold
2016-05-13 Lower Price Target Deutsche Bank Hold $61.00 to $60.00
2016-05-13 Lower Price Target Deutsche Bank AG Hold $61.00 to $60.00
2016-05-10 Downgrade Zelman & Associates Hold to Sell
2016-04-12 Lower Price Target Cowen and Company $63.00 to $3.00
2016-03-21 Boost Price Target Mizuho $64.00
2016-03-02 Boost Price Target JPMorgan Chase & Co. Neutral $63.00 to $64.00
2016-02-24 Lower Price Target SunTrust Buy $63.00 to $62.00
2016-02-24 Lower Price Target SunTrust Banks Inc. Buy $63.00 to $62.00
2016-02-12 Reiterated Rating Deutsche Bank Hold $61.00 to $60.00
2016-02-09 Reiterated Rating National Securities Neutral $58.00
2016-02-08 Reiterated Rating Cantor Fitzgerald Hold $61.00
2016-01-07 Downgrade Raymond James Outperform to Market Perform
2016-01-07 Downgrade Raymond James Financial Inc. Outperform to Market Perform
2015-12-22 Reiterated Rating Cantor Fitzgerald Hold
2015-11-16 Boost Price Target JPMorgan Chase & Co. Neutral $62.00 to $63.00
2015-11-16 Boost Price Target Deutsche Bank Hold $59.00 to $61.00
2015-11-10 Initiated Coverage BB&T Corp. Buy to Buy $68.50
2015-10-20 Boost Price Target Barclays Equal Weight $59.00 to $62.00
2015-10-20 Boost Price Target Barclays PLC Equal Weight $59.00 to $62.00
2015-10-13 Initiated Coverage Mizuho Neutral $58.00
2015-09-15 Initiated Coverage JMP Securities Market Perform
2015-08-11 Reiterated Rating National Securities Neutral to Neutral $50.00 to $58.00
2015-08-05 Reiterated Rating Cantor Fitzgerald Hold $58.50
2015-07-20 Initiated Coverage SunTrust Buy $65.00
2015-07-20 Lower Price Target Barclays Equal Weight $58.00 to $56.00
2015-06-05 Upgrade Raymond James Market Perform to Outperform $63.00
2015-05-13 Boost Price Target Robert W. Baird Neutral $57.00 to $58.00
2015-05-07 Reiterated Rating Deutsche Bank Hold $60.00 to $59.00
2015-05-07 Reiterated Rating National Securities Neutral $50.00
2015-05-05 Reiterated Rating Cantor Fitzgerald Hold $58.00
2015-04-20 Lower Price Target Barclays Equal Weight $60.00 to $58.00
2015-04-09 Initiated Coverage Janney Montgomery Scott Neutral to Neutral
2015-03-16 Initiated Coverage Robert W. Baird Neutral $57.00
2015-02-11 Reiterated Rating Citigroup Inc. Hold $58.00 to $60.00
2015-02-09 Reiterated Rating Deutsche Bank Hold $61.00 to $60.00
2015-02-06 Downgrade Stifel Nicolaus Buy to Hold
2015-01-26 Boost Price Target Deutsche Bank Hold $59.00 to $61.00
2014-12-11 Boost Price Target Deutsche Bank Hold $52.00 to $59.00
2014-08-20 Reiterated Rating Deutsche Bank Hold $51.00 to $52.00
2014-07-28 Downgrade Citigroup Inc. Buy to Neutral $55.00 to $58.00
2014-07-21 Boost Price Target Barclays Equal Weight $50.00 to $53.00
2014-07-09 Boost Price Target Deutsche Bank Hold $47.00 to $51.00
2014-06-20 Boost Price Target JPMorgan Chase & Co. Neutral $50.00 to $52.00
2014-04-22 Boost Price Target Barclays Equal Weight $48.00 to $49.00
2014-02-11 Downgrade Raymond James Outperform to Market Perform $56.00
2014-02-05 Downgrade Sandler O'Neill Buy to Hold
2014-01-27 Lower Price Target Deutsche Bank Hold $52.00 to $47.00
2014-01-07 Downgrade Raymond James Strong-Buy to Outperform
2013-10-04 Downgrade Cantor Fitzgerald Buy to Hold $54.50 to $51.00
2012-05-10 Upgrade Wunderlich Hold to Buy $47 to $58
2012-02-08 Reiterated Wunderlich Hold $45 to $47
2011-08-15 Reiterated RBC Capital Mkts Outperform $44 to $49
2016-06-22 Downgrade Zelman & Associates Hold to Sell
2016-06-04 Reiterated Rating Cantor Fitzgerald Hold
2016-05-13 Lower Price Target Deutsche Bank Hold $61.00 to $60.00
2016-05-13 Lower Price Target Deutsche Bank AG Hold $61.00 to $60.00
2016-05-10 Downgrade Zelman & Associates Hold to Sell

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
GODDARD ROBERT C III 0.52%  (282744) PPS /
STOCKERT DAVID P President and CEO 0.29%  (160423) DRE / MAA / PPS /
Thayer Stella Ferguson 0.08%  (43677) PPS /
DE WAAL RONALD 0.08%  (43233) PPS /
BLOOM HERSCHEL M 0.08%  (41496) PPS /
Teabo Sheila J. Executive Vice Pres. 0.07%  (35622) PPS /
DERISO WALTER M JR 0.06%  (31343) PPS /
FRENCH RUSSELL R 0.06%  (30703) MAA / PPS /
Ward David C. EVP & Chief Investment Officer 0.05%  (25987) PPS /
Konas Charles A. Executive Vice Pres. 0.04%  (24010) PPS /
COHEN SHERRY W EVP and Secretary 0.04%  (23673) PPS /
PAPA CHRISTOPHER J EVP & Chief Financial Officer 0.03%  (17098) LPT / PPS /
QUIRK ARTHUR J SVP & CAO 0.03%  (16945) PPS /
REISS DALE ANN 0.03%  (15497) CCP / CYS / PPS / STAR / TPC /
WOOD DONALD C 0.02%  (11979) FRT / PPS / QCP /
JENNINGS TONI 0.01%  (3782) BRO / MAA / NEE / PPS /