Postal Realty Trust (NYSE:PSTL) Raised to Buy at Wall Street Zen

Postal Realty Trust (NYSE:PSTL) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

PSTL has been the topic of several other reports. Stifel Nicolaus set a $17.75 target price on Postal Realty Trust and gave the stock a “buy” rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. increased their target price 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. Finally, Weiss Ratings reiterated 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $17.38.

Postal Realty Trust Stock Performance

NYSE PSTL opened at $15.25 on Friday. The business’s 50-day moving average price is $15.50 and its 200 day moving average price is $14.55. Postal Realty Trust has a twelve month low of $12.26 and a twelve month high of $16.50. The company has a market capitalization of $374.85 million, a PE ratio of 40.13 and a beta of 0.86. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.01.

Insider Activity at Postal Realty Trust

In other news, CAO Matt Brandwein sold 4,112 shares of the company’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $16.00, for a total value of $65,792.00. Following the completion of the sale, the chief accounting officer owned 109,722 shares of the company’s stock, valued at $1,755,552. This represents a 3.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Postal Realty Trust

Hedge funds have recently modified their holdings of the stock. Gilman Hill Asset Management LLC raised its holdings in shares of Postal Realty Trust by 2.9% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 597,963 shares of the company’s stock valued at $8,808,000 after buying an additional 16,743 shares during the period. Round Rock Advisors LLC purchased a new stake in shares of Postal Realty Trust during the 1st quarter valued at about $275,000. Ballentine Partners LLC purchased a new stake in shares of Postal Realty Trust during the 1st quarter valued at about $436,000. Asset Management One Co. Ltd. raised its holdings in shares of Postal Realty Trust by 6.5% during the 1st quarter. Asset Management One Co. Ltd. now owns 57,837 shares of the company’s stock valued at $826,000 after buying an additional 3,511 shares during the period. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of Postal Realty Trust by 443.4% during the 1st quarter. Cubist Systematic Strategies LLC now owns 116,501 shares of the company’s stock valued at $1,664,000 after buying an additional 95,061 shares during the period. 57.89% of the stock is currently owned by hedge funds and other institutional investors.

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.