Postal Realty Trust, Inc. (NYSE:PSTL) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Postal Realty Trust, Inc. (NYSE:PSTL) have received a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $25.38.

A number of equities research analysts have commented on the stock. Scotiabank reaffirmed an “outperform” rating on shares of Postal Realty Trust in a research report on Tuesday, September 1st. Zacks Research downgraded Postal Realty Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. BMO Capital Markets lifted their price objective on shares of Postal Realty Trust from $28.00 to $29.00 and gave the company an “outperform” rating in a research report on Monday, September 14th. Weiss Ratings downgraded shares of Postal Realty Trust from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of Postal Realty Trust from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, August 26th.

Postal Realty Trust Stock Up 2.6%

Postal Realty Trust stock opened at $22.17 on Monday. The stock has a market cap of $612.42 million, a price-to-earnings ratio of 16.05 and a beta of 0.81. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.92. Postal Realty Trust has a 52 week low of $15.02 and a 52 week high of $25.22. The company’s 50-day moving average price is $22.74 and its two-hundred day moving average price is $21.85.

Postal Realty Trust (NYSE:PSTL) last released its earnings results on Tuesday, November 3rd. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). Postal Realty Trust had a return on equity of 4.63% and a net margin of 16.42%. The firm had revenue of $30.28 million for the quarter, compared to the consensus estimate of $28.83 million. On average, analysts expect that Postal Realty Trust will post 1.23 EPS for the current fiscal year.

Postal Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be paid a $0.2450 dividend. This represents a $0.98 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, November 13th. Postal Realty Trust’s dividend payout ratio is currently 171.93%.

Institutional Investors Weigh In On Postal Realty Trust

Hedge funds have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new position in shares of Postal Realty Trust during the second quarter valued at approximately $27,000. Latitude Advisors LLC acquired a new position in Postal Realty Trust during the 3rd quarter valued at about $29,000. Root Financial Partners LLC acquired a new position in shares of Postal Realty Trust in the third quarter worth $35,000. GAMMA Investing LLC lifted its stake in shares of Postal Realty Trust by 32.6% in the third quarter. GAMMA Investing LLC now owns 2,325 shares of the company’s stock valued at $53,000 after buying an additional 572 shares during the period. Finally, Allworth Financial LP boosted its stake in shares of Postal Realty Trust by 284.7% in the 3rd quarter. Allworth Financial LP now owns 4,978 shares of the company’s stock valued at $123,000 after purchasing an additional 3,684 shares during the last quarter. 57.89% of the stock is currently owned by hedge funds and other institutional investors.

About Postal Realty Trust

Postal Realty Trust, Inc (NYSE:PSTL) is a real estate investment trust focused on acquiring, owning, managing and developing properties that are leased primarily to the United States Postal Service. Its portfolio is concentrated in postal facilities, including post offices and other properties used for postal operations.

The company generally leases its properties under long-term agreements, allowing it to generate rental income from a specialized portfolio of mission-critical facilities.