Postal Realty Trust (NYSE:PSTL) Hits New 12-Month High – Still a Buy?

Postal Realty Trust, Inc. (NYSE:PSTL)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $19.22 and last traded at $19.1910, with a volume of 199266 shares changing hands. The stock had previously closed at $19.05.

Analysts Set New Price Targets

PSTL has been the topic of a number of analyst reports. Truist Financial set a $20.00 price objective on Postal Realty Trust and gave the company a “buy” rating in a research report on Tuesday, January 20th. Wall Street Zen downgraded shares of Postal Realty Trust from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Postal Realty Trust has an average rating of “Moderate Buy” and a consensus target price of $18.25.

Postal Realty Trust Stock Up 0.8%

The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.00. The company has a 50 day simple moving average of $16.61 and a two-hundred day simple moving average of $15.72. The firm has a market capitalization of $500.61 million, a P/E ratio of 40.02 and a beta of 0.74.

Postal Realty Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be issued a $0.245 dividend. The ex-dividend date is Friday, February 13th. This represents a $0.98 dividend on an annualized basis and a yield of 5.1%. This is an increase from Postal Realty Trust’s previous quarterly dividend of $0.24. Postal Realty Trust’s payout ratio is presently 202.08%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. North Star Investment Management Corp. increased its holdings in shares of Postal Realty Trust by 3.5% in the fourth quarter. North Star Investment Management Corp. now owns 513,363 shares of the company’s stock worth $8,286,000 after purchasing an additional 17,198 shares during the last quarter. CSM Advisors LLC grew its holdings in Postal Realty Trust by 60.3% during the 3rd quarter. CSM Advisors LLC now owns 388,200 shares of the company’s stock valued at $6,091,000 after buying an additional 146,055 shares in the last quarter. Millennium Management LLC grew its holdings in Postal Realty Trust by 313.7% during the 1st quarter. Millennium Management LLC now owns 378,517 shares of the company’s stock valued at $5,405,000 after buying an additional 287,027 shares in the last quarter. Marshall Wace LLP increased its stake in Postal Realty Trust by 34.4% in the 2nd quarter. Marshall Wace LLP now owns 317,738 shares of the company’s stock worth $4,680,000 after acquiring an additional 81,308 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Postal Realty Trust by 17.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 301,259 shares of the company’s stock worth $4,727,000 after acquiring an additional 45,619 shares in the last quarter. Institutional investors own 57.89% of the company’s stock.

Postal Realty Trust Company Profile

Postal Realty Trust is a real estate investment trust that acquires, owns and manages single-tenant commercial properties net-leased primarily to the United States Postal Service and other government agencies. The trust focuses on facilities that support mail processing, distribution and retail operations, targeting assets that offer long-term, inflation-protected lease structures.

The company’s portfolio includes post offices, distribution centers and mail processing facilities located throughout the contiguous United States.