Zacks Equity Research, Chicago, announced Sept. 5 that Post Properties, an Atlanta-based multifamily real estate investment trust, had been designated its "Bear of the Day."The Bear of the Day is a stock Zacks expects to underperform the markets over the next three to six months. Zacks said the REIT is "trying to push rents, which has resulted in lost occupancy. We expect this trend to continue, or the company will be forced to lower rents. Either way, it is very likely that Post will miss estimates for the remainder of the year." Zacks can be found online at http://www.zacks.com, and Post can be found at http://www.postproperties.com.
Processing Content
