Post Properties, an Atlanta-based multifamily real estate investment trust, has been designated the "Bear of the Day" for Dec. 3 by Zacks Equity Research, Chicago.The Bear of the Day is a stock expected to underperform the markets over the next three to six months. Zacks said the REIT continues to report good quarterly results, but that "there are signs that rental rate growth will slow in the coming quarters and could turn negative in 2008 as the U.S. economy heads toward a recession. Despite a sector-wide selloff over the past six months, Post still trades at an inflated valuation due to persistent buyout rumors." Zacks can be found online at http://www.zacks.com, and Post can be found at http://www.postproperties.com.
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