Postal Realty Trust (NYSE:PSTL) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Postal Realty Trust (NYSE:PSTL) from a buy rating to a hold rating in a report issued on Friday.

A number of other equities analysts also recently issued reports on PSTL. JPMorgan Chase & Co. lifted their price objective on shares of Postal Realty Trust from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday. Stifel Nicolaus set a $17.75 price objective on shares of Postal Realty Trust and gave the stock a “buy” rating in a report on Tuesday, August 5th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Postal Realty Trust in a report on Saturday, September 27th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.38.

Postal Realty Trust Stock Performance

NYSE PSTL opened at $15.34 on Friday. The company has a fifty day simple moving average of $15.30 and a 200 day simple moving average of $14.41. Postal Realty Trust has a 12-month low of $12.26 and a 12-month high of $16.50. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.01. The company has a market cap of $376.96 million, a P/E ratio of 40.36 and a beta of 0.86.

Postal Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Thursday, July 31st were issued a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend was Thursday, July 31st. Postal Realty Trust’s payout ratio is 255.26%.

Insider Buying and Selling at Postal Realty Trust

In related news, CAO Matt Brandwein sold 4,112 shares of the business’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $16.00, for a total value of $65,792.00. Following the transaction, the chief accounting officer directly owned 109,722 shares of the company’s stock, valued at approximately $1,755,552. The trade was a 3.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 13.70% of the company’s stock.

Hedge Funds Weigh In On Postal Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. increased its position in shares of Postal Realty Trust by 45.9% during the second quarter. Ameritas Investment Partners Inc. now owns 2,258 shares of the company’s stock valued at $33,000 after buying an additional 710 shares during the period. Franklin Resources Inc. increased its position in shares of Postal Realty Trust by 4.8% during the second quarter. Franklin Resources Inc. now owns 15,983 shares of the company’s stock valued at $235,000 after buying an additional 736 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Postal Realty Trust by 6.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,204 shares of the company’s stock valued at $189,000 after buying an additional 844 shares during the period. Resona Asset Management Co. Ltd. increased its position in shares of Postal Realty Trust by 10.1% during the first quarter. Resona Asset Management Co. Ltd. now owns 9,809 shares of the company’s stock valued at $138,000 after buying an additional 898 shares during the period. Finally, Invesco Ltd. increased its position in shares of Postal Realty Trust by 3.5% during the first quarter. Invesco Ltd. now owns 29,514 shares of the company’s stock valued at $421,000 after buying an additional 999 shares during the period. 57.89% of the stock is owned by hedge funds and other institutional investors.

About Postal Realty Trust

Postal Realty Trust, Inc (NYSE: PSTL) is an internally managed real estate investment trust that owns properties primarily leased to the United States Postal Service ("USPS"). PSTL is focused on acquiring the network of USPS properties, which provide a critical element of the nation's logistics infrastructure that facilitates cost effective and efficient last-mile delivery solutions.