Postal Realty Trust (NYSE:PSTL) Rating Increased to Strong-Buy at Truist Financial

Truist Financial upgraded shares of Postal Realty Trust (NYSE:PSTL) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts also recently commented on PSTL. Weiss Ratings reissued a “buy (b-)” rating on shares of Postal Realty Trust in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on shares of 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, Wall Street Zen downgraded shares of Postal Realty Trust from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Postal Realty Trust has an average rating of “Buy” and an average price target of $18.25.

Postal Realty Trust Trading Up 0.6%

Shares of PSTL stock opened at $17.62 on Tuesday. The business has a 50-day moving average price of $15.92 and a two-hundred day moving average price of $15.41. Postal Realty Trust has a 12-month low of $12.26 and a 12-month high of $17.93. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.00. The firm has a market cap of $459.10 million, a P/E ratio of 36.70 and a beta of 0.75.

Postal Realty Trust (NYSE:PSTL) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.18). The firm had revenue of $24.33 million for the quarter, compared to the consensus estimate of $22.46 million. Postal Realty Trust had a net margin of 15.36% and a return on equity of 4.29%. Postal Realty Trust has set its FY 2025 guidance at 1.300-1.32 EPS. Equities analysts anticipate that Postal Realty Trust will post 0.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Postal Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC increased 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 purchasing an additional 287,027 shares during the period. CSM Advisors LLC purchased a new stake in Postal Realty Trust in the 2nd quarter worth approximately $3,567,000. JPMorgan Chase & Co. grew its position in shares of Postal Realty Trust by 384.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 248,656 shares of the company’s stock worth $3,901,000 after buying an additional 197,361 shares during the last quarter. Man Group plc purchased a new position in shares of Postal Realty Trust during the second quarter valued at approximately $2,590,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. bought a new position in shares of Postal Realty Trust during the third quarter valued at approximately $2,433,000. 57.89% of the stock is currently owned by institutional investors.

About Postal Realty Trust

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.