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 $48.42, above its previous 52-week high of $48.11 with 17,080 shares traded as of 9:35 a.m. ET. Average volume has been 570,400 shares over the past 30 days.

Post has a market cap of $2.53 billion and is part of the financial sector and real estate industry. Shares are up 9.8% 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 124.2, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Post as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Post Ratings Report.

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