Postal Realty Trust (NYSE:PSTL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Postal Realty Trust (NYSE:PSTL) from a hold rating to a buy rating in a research note published on Saturday.

Several other analysts also recently commented on PSTL. JPMorgan Chase & Co. increased their price objective on shares of Postal Realty Trust from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, September 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Postal Realty Trust in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus set a $17.75 price objective on shares of Postal Realty Trust and gave the company a “buy” rating in a research report on Tuesday, August 5th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Postal Realty Trust currently has a consensus rating of “Moderate Buy” and an average target price of $17.38.

Postal Realty Trust Stock Performance

Shares of PSTL stock opened at $15.26 on Friday. Postal Realty Trust has a one year low of $12.26 and a one year high of $16.50. The company’s 50-day moving average is $15.51 and its 200 day moving average is $14.57. The company has a market capitalization of $374.97 million, a price-to-earnings ratio of 40.15 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.

Postal Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Tuesday, November 4th will be paid a dividend of $0.2425 per share. The ex-dividend date is Tuesday, November 4th. This represents a $0.97 annualized dividend and a yield of 6.4%. Postal Realty Trust’s dividend payout ratio is currently 255.26%.

Insider Transactions at Postal Realty Trust

In other Postal Realty Trust news, CAO Matt Brandwein sold 4,112 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $16.00, for a total transaction of $65,792.00. Following the transaction, the chief accounting officer owned 109,722 shares in the company, valued at approximately $1,755,552. This represents a 3.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 13.20% of the company’s stock.

Hedge Funds Weigh In On Postal Realty Trust

Several institutional investors have recently made changes to their positions in the business. Ameritas Investment Partners Inc. lifted its stake in shares of Postal Realty Trust by 45.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,258 shares of the company’s stock worth $33,000 after purchasing an additional 710 shares during the period. Franklin Resources Inc. lifted its stake in shares of Postal Realty Trust by 4.8% in the 2nd quarter. Franklin Resources Inc. now owns 15,983 shares of the company’s stock worth $235,000 after purchasing an additional 736 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Postal Realty Trust by 6.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,204 shares of the company’s stock worth $189,000 after purchasing an additional 844 shares during the period. Resona Asset Management Co. Ltd. lifted its stake in shares of Postal Realty Trust by 10.1% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 9,809 shares of the company’s stock worth $138,000 after purchasing an additional 898 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Postal Realty Trust by 3.5% in the 1st quarter. Invesco Ltd. now owns 29,514 shares of the company’s stock worth $421,000 after purchasing an additional 999 shares during the period. Institutional investors own 57.89% of the company’s stock.

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.