Postal Realty Trust (NYSE:PSTL) Cut to “Hold” at Wall Street Zen

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

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

Postal Realty Trust Stock Down 0.4%

PSTL stock opened at $14.77 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $363.05 million, a P/E ratio of 38.87 and a beta of 0.84. The business has a 50-day moving average of $15.46 and a 200-day moving average of $14.65. Postal Realty Trust has a fifty-two week low of $12.26 and a fifty-two week high of $16.50.

Postal Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Tuesday, November 4th will be paid a $0.2425 dividend. The ex-dividend date is Tuesday, November 4th. This represents a $0.97 annualized dividend and a yield of 6.6%. 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 1,803 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $16.00, for a total value of $28,848.00. Following the sale, the chief accounting officer owned 107,919 shares in the company, valued at $1,726,704. This represents 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 at this link. 13.20% of the stock is owned by corporate insiders.

Institutional Trading of Postal Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of the business. Ameritas Investment Partners Inc. raised its stake in Postal Realty Trust by 45.9% in 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. raised its stake in Postal Realty Trust by 4.8% in 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. raised its stake in Postal Realty Trust by 6.8% in 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. raised its stake in Postal Realty Trust by 10.1% in 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. raised its stake in Postal Realty Trust by 3.5% in 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. Institutional investors own 57.89% of the company’s stock.

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.