Stifel Nicolaus Lowers Postal Realty Trust (NYSE:PSTL) Price Target to $16.50

Postal Realty Trust (NYSE:PSTL) had its target price dropped by investment analysts at Stifel Nicolaus from $16.75 to $16.50 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 29.82% from the company’s previous close.

Postal Realty Trust Trading Down 0.3 %

Shares of PSTL stock opened at $12.71 on Thursday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market capitalization of $299.41 million, a price-to-earnings ratio of 158.89 and a beta of 0.71. Postal Realty Trust has a 52-week low of $12.26 and a 52-week high of $15.15. The company has a 50-day simple moving average of $13.63 and a two-hundred day simple moving average of $13.60.

Insider Buying and Selling at Postal Realty Trust

In other news, CAO Matt Brandwein sold 15,142 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $14.25, for a total transaction of $215,773.50. Following the completion of the sale, the chief accounting officer now owns 116,573 shares in the company, valued at $1,661,165.25. This trade represents a 11.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 19,452 shares of company stock worth $277,332 in the last quarter. 13.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Postal Realty Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC bought a new stake in shares of Postal Realty Trust in the fourth quarter valued at approximately $25,000. New York State Teachers Retirement System purchased a new stake in shares of Postal Realty Trust in the 4th quarter valued at about $26,000. Parallel Advisors LLC boosted its position in shares of Postal Realty Trust by 964.5% during the 1st quarter. Parallel Advisors LLC now owns 1,948 shares of the company’s stock valued at $28,000 after acquiring an additional 1,765 shares during the last quarter. NBC Securities Inc. grew its holdings in shares of Postal Realty Trust by 124,900.0% during the first quarter. NBC Securities Inc. now owns 3,750 shares of the company’s stock worth $53,000 after purchasing an additional 3,747 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Postal Realty Trust by 42.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,703 shares of the company’s stock valued at $74,000 after purchasing an additional 1,701 shares in the last quarter. 57.89% of the stock is owned by 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.