Postal Realty Trust (NYSE:PSTL) Reaches New 12-Month High – Here’s Why

Postal Realty Trust, Inc. (NYSE:PSTL)’s share price hit a new 52-week high on Monday . The company traded as high as $19.41 and last traded at $19.2150, with a volume of 10489 shares trading hands. The stock had previously closed at $19.17.

Analysts Set New Price Targets

Several analysts recently commented on PSTL shares. Truist Financial set a $20.00 price target on Postal Realty Trust and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Wall Street Zen lowered 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.25.

Postal Realty Trust Trading Up 1.6%

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 company’s 50-day moving average is $17.36 and its 200-day moving average is $16.06. The stock has a market capitalization of $507.65 million, a price-to-earnings ratio of 40.58 and a beta of 0.74.

Postal Realty Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be given a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, February 13th. This is a boost from Postal Realty Trust’s previous quarterly dividend of $0.24. Postal Realty Trust’s dividend payout ratio is presently 204.17%.

Institutional Investors Weigh In On Postal Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC acquired a new position in shares of Postal Realty Trust in the 4th quarter valued at $27,000. Cullen Frost Bankers Inc. raised its holdings in Postal Realty Trust by 225.2% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 2,026 shares of the company’s stock valued at $30,000 after buying an additional 1,403 shares during the period. CWM LLC lifted its position in Postal Realty Trust by 195.5% in the second quarter. CWM LLC now owns 2,237 shares of the company’s stock valued at $33,000 after buying an additional 1,480 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in Postal Realty Trust by 45.9% in the second quarter. Ameritas Investment Partners Inc. now owns 2,258 shares of the company’s stock valued at $33,000 after buying an additional 710 shares during the last quarter. Finally, Strs Ohio purchased a new position in Postal Realty Trust during the first quarter worth about $54,000. Institutional investors and hedge funds 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.