Postal Realty Trust (NYSE:PSTL) Share Price Breaks Below 50-Day Moving Average – Should You Sell?

Postal Realty Trust, Inc. (NYSE:PSTL)’s share price passed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $22.63 and traded as low as $22.18. Postal Realty Trust shares last traded at $22.3510, with a volume of 196,195 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. BMO Capital Markets lifted their price objective on Postal Realty Trust from $28.00 to $29.00 and gave the stock an “outperform” rating in a report on Monday, September 14th. Weiss Ratings cut Postal Realty Trust from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, October 6th. JPMorgan Chase & Co. raised their target price on Postal Realty Trust from $23.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday, August 26th. Zacks Research downgraded Postal Realty Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Postal Realty Trust in a research note on Tuesday, September 1st. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $25.38.

Postal Realty Trust Trading Down 1.4%

The company’s 50 day moving average price is $22.63 and its two-hundred day moving average price is $21.97. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.38 and a quick ratio of 1.38. The stock has a market capitalization of $617.33 million, a PE ratio of 39.21 and a beta of 0.81.

Postal Realty Trust (NYSE:PSTL) last posted its quarterly 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 4.64% and a net margin of 17.15%. The business had revenue of $30.28 million for the quarter, compared to analyst estimates of $28.83 million. As a group, analysts expect that Postal Realty Trust, Inc. will post 1.23 earnings per share for the current year.

Postal Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Shareholders 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 yield of 4.4%. The ex-dividend date of this dividend is Friday, November 13th. Postal Realty Trust’s dividend payout ratio (DPR) is 171.93%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP grew its position in shares of Postal Realty Trust by 40.2% in the third quarter. Marshall Wace LLP now owns 1,283,953 shares of the company’s stock valued at $29,364,000 after purchasing an additional 367,984 shares in the last quarter. Ancora Advisors LLC purchased a new position in Postal Realty Trust during the second quarter worth approximately $3,789,000. White Pine Capital LLC purchased a new position in Postal Realty Trust during the third quarter worth approximately $2,384,000. Private Advisor Group LLC purchased a new position in Postal Realty Trust during the third quarter worth approximately $1,743,000. Finally, Empowered Funds LLC acquired a new position in Postal Realty Trust during the third quarter worth $1,259,000. 57.89% of the stock is currently owned by institutional investors and hedge funds.

Postal Realty Trust Company Profile

Postal Realty Trust, Inc. is a real estate investment trust focused on acquiring, owning and managing properties leased primarily to the United States Postal Service (USPS). Its portfolio includes postal facilities such as post offices and other properties used in postal operations. The company’s business centers on leasing these properties to the USPS and managing its real estate portfolio. Postal Realty Trust owns properties across the United States, giving it a nationwide presence. Postal Realty Trust became a publicly traded company in 2019 and is listed on the New York Stock Exchange under the symbol PSTL.