(Reuters) - In early afternoon trading on the New York Stock Exchange, Post shares were up $2.75, or 5.4 percent, at $53.74. On Thursday the shares rose 7 percent. Year to date, Post shares are up 18 percent, while the MSCI U.S. REIT Index, a yardstick used to measure REIT share performance, is off 7 percent. Earlier Friday shares reached a record $54.80.
Green Street Advisors analyst Craig Leupold estimated the value of the company's assets are about $54.00 per share, but given the amount of capital chasing real estate, a bid could be higher.
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