Industry | Apartments |
---|---|
Fate | Acquired |
Founded | 1971 |
Headquarters | Atlanta, Georgia |
Key people
|
David Stockert, President and Chief Executive Officer |
Revenue | US$0.384 billion (2015) |
Net income
|
US$0.080 billion (2015) |
Total assets | US$2.271 billion (2015) |
Total equity | US$1.243 billion (2015) |
Number of employees
|
650 (2015) |
Website | www |
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.
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
In PPS 8 funds of 2213 total. Show all
Fund name | Ticker shares |
---|---|
Shinko Asset Management Co., Ltd. | 0.38M |
RUSSELL FRANK CO/ | 0.16M |
MANAGED ACCOUNT ADVISORS LLC | 0.10M |
Gerstein Fisher | 31252 |
KeyPoint Capital Management, LLC | 29800 |
Mizuho Asset Management Co.,Ltd. | 15340 |
Harrison Street Securities, LLC | 7045 |
VTL Associates, LLC | 3617 |
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 / |