Postal Realty Trust (NYSE:PSTL) Reaches New 1-Year High – Time to Buy?

Postal Realty Trust, Inc. (NYSE:PSTL) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $19.41 and last traded at $19.3750, with a volume of 152867 shares changing hands. The stock had previously closed at $18.85.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Wall Street Zen downgraded Postal Realty Trust from a “buy” rating to a “hold” rating in a research report on Sunday, November 2nd. Truist Financial set a $20.00 target price on Postal Realty Trust and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.25.

Postal Realty Trust Trading Up 0.5%

The stock has a 50 day moving average of $17.29 and a 200 day moving average of $16.01. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $498.27 million, a P/E ratio of 39.83 and a beta of 0.74.

Postal Realty Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 13th will be issued a dividend of $0.245 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 5.1%. This is a positive change from Postal Realty Trust’s previous quarterly dividend of $0.24. Postal Realty Trust’s payout ratio is 204.17%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its holdings in shares of Postal Realty Trust by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 580,563 shares of the company’s stock worth $9,373,000 after acquiring an additional 11,230 shares during the last quarter. North Star Investment Management Corp. raised its position in Postal Realty Trust by 3.5% in the 4th quarter. North Star Investment Management Corp. now owns 513,363 shares of the company’s stock worth $8,286,000 after purchasing an additional 17,198 shares during the period. CSM Advisors LLC raised its position in Postal Realty Trust by 21.3% in the 4th quarter. CSM Advisors LLC now owns 470,745 shares of the company’s stock worth $7,598,000 after purchasing an additional 82,545 shares during the period. Invesco Ltd. lifted its stake in Postal Realty Trust by 1,041.2% in the fourth quarter. Invesco Ltd. now owns 450,333 shares of the company’s stock worth $7,268,000 after purchasing an additional 410,871 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Postal Realty Trust by 30.5% in the fourth quarter. Renaissance Technologies LLC now owns 423,030 shares of the company’s stock worth $6,828,000 after purchasing an additional 98,980 shares during the last quarter. 57.89% of the stock is owned by hedge funds and other institutional investors.

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.