Post Reaches New 52-Week High (PPS)

NEW YORK ( TheStreet) -- Post Properties (NYSE: PPS) hit a new 52-week high Wednesday as it is currently trading at $45.04, above its previous 52-week high of $44.99 with 88,120 shares traded as of 11:14 a.m. ET. Average volume has been 705,200 shares over the past 30 days.

Post has a market cap of $2.23 billion and is part of the financial sector and real estate industry. Shares are up 2.2% year to date as of the close of trading on Tuesday.

Post Properties, Inc., a real estate investments trust (REIT), together with its subsidiaries, engages in the development, ownership, and management of multifamily apartment communities in the United States. The company has a P/E ratio of 23.5, below the average real estate industry P/E ratio of 119.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Post as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and poor profit margins. You can view the full Post Ratings Report.

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