Weiss Ratings Reaffirms Buy (B-) Rating for Postal Realty Trust (NYSE:PSTL)

Postal Realty Trust (NYSE:PSTL)‘s stock had its “buy (b-)” rating reissued by analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

A number of other equities research analysts also recently issued reports on PSTL. Stifel Nicolaus set a $17.75 target price on shares of Postal Realty Trust and gave the company a “buy” rating in a report on Tuesday, August 5th. Wall Street Zen downgraded shares of Postal Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Postal Realty Trust from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Tuesday, September 30th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Postal Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $17.38.

Postal Realty Trust Price Performance

Postal Realty Trust stock opened at $14.95 on Wednesday. Postal Realty Trust has a 1 year low of $12.26 and a 1 year high of $16.50. The firm has a 50 day moving average price of $15.34 and a 200 day moving average price of $14.43. The company has a market cap of $367.47 million, a price-to-earnings ratio of 39.34 and a beta of 0.86. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.28 and a current ratio of 1.28.

Insider Transactions at Postal Realty Trust

In other Postal Realty Trust news, CAO Matt Brandwein sold 1,803 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $16.00, for a total transaction of $28,848.00. Following the completion of the sale, the chief accounting officer directly owned 107,919 shares in the company, valued at $1,726,704. The trade was a 1.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Gilman Hill Asset Management LLC boosted its stake in shares of Postal Realty Trust by 2.9% in the second quarter. Gilman Hill Asset Management LLC now owns 597,963 shares of the company’s stock valued at $8,808,000 after purchasing an additional 16,743 shares during the period. North Star Investment Management Corp. boosted its stake in shares of Postal Realty Trust by 0.6% in the first quarter. North Star Investment Management Corp. now owns 494,165 shares of the company’s stock valued at $7,057,000 after purchasing an additional 2,775 shares during the period. Millennium Management LLC boosted its stake in shares of Postal Realty Trust by 313.7% in the first quarter. Millennium Management LLC now owns 378,517 shares of the company’s stock valued at $5,405,000 after purchasing an additional 287,027 shares during the period. Marshall Wace LLP boosted its stake in shares of Postal Realty Trust by 34.4% in the second quarter. Marshall Wace LLP now owns 317,738 shares of the company’s stock valued at $4,680,000 after purchasing an additional 81,308 shares during the period. Finally, Ancora Advisors LLC boosted its stake in shares of Postal Realty Trust by 2.1% in the first quarter. Ancora Advisors LLC now owns 262,029 shares of the company’s stock valued at $3,742,000 after purchasing an additional 5,310 shares during the period. 57.89% of the stock is currently owned by hedge funds and other institutional investors.

Postal Realty Trust Company Profile

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.