Zacks Investment Research Upgrades Postal Realty Trust (NYSE:PSTL) to “Hold”

Postal Realty Trust (NYSE:PSTL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Postal Realty Trust Inc. is a real estate investment trust which owns and manages properties leased to the United States Postal Service. Postal Realty Trust Inc. is based in NY, United States. “

A number of other analysts also recently issued reports on the stock. Compass Point downgraded shares of Postal Realty Trust from a “buy” rating to a “neutral” rating and set a $11.50 target price for the company. in a research report on Monday, August 17th. BMO Capital Markets began coverage on shares of Postal Realty Trust in a research report on Thursday, August 13th. They set a “buy” rating and a $18.00 target price for the company. BTIG Research began coverage on shares of Postal Realty Trust in a research report on Thursday, June 4th. They set a “buy” rating and a $19.00 target price for the company. Jefferies Financial Group began coverage on shares of Postal Realty Trust in a research report on Monday. They set a “buy” rating and a $20.00 target price for the company. Finally, B. Riley increased their target price on shares of Postal Realty Trust from $18.50 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $17.75.

Shares of PSTL stock opened at $15.11 on Tuesday. The firm has a market cap of $142.77 million, a P/E ratio of -36.85 and a beta of 0.08. Postal Realty Trust has a 1-year low of $10.84 and a 1-year high of $19.48. The firm’s 50-day simple moving average is $14.91 and its 200-day simple moving average is $15.28.

Postal Realty Trust (NYSE:PSTL) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.28). As a group, equities analysts expect that Postal Realty Trust will post 0.74 earnings per share for the current year.

In other news, CEO Andrew Spodek acquired 3,195 shares of the stock in a transaction on Wednesday, July 15th. The stock was bought at an average price of $13.75 per share, with a total value of $43,931.25. Following the completion of the transaction, the chief executive officer now directly owns 637,058 shares of the company’s stock, valued at $8,759,547.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 28.90% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its position in shares of Postal Realty Trust by 66.3% during the second quarter. Nisa Investment Advisors LLC now owns 1,803 shares of the company’s stock worth $29,000 after buying an additional 719 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Postal Realty Trust by 101.4% during the first quarter. Tower Research Capital LLC TRC now owns 2,014 shares of the company’s stock worth $32,000 after buying an additional 1,014 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Postal Realty Trust by 105.0% during the first quarter. JPMorgan Chase & Co. now owns 4,100 shares of the company’s stock worth $65,000 after buying an additional 2,100 shares in the last quarter. Bessemer Group Inc. acquired a new stake in shares of Postal Realty Trust during the second quarter worth approximately $136,000. Finally, BlackRock Inc. grew its position in shares of Postal Realty Trust by 34.9% during the first quarter. BlackRock Inc. now owns 20,765 shares of the company’s stock worth $328,000 after buying an additional 5,367 shares in the last quarter. 32.70% of the stock is owned by institutional investors and hedge funds.

About Postal Realty Trust

Postal Realty Trust, Inc is an internally managed real estate investment trust that will own and manage properties leased to the United States Postal Service, or USPS. Upon completion of the offering and related formation transactions, the Company will own and manage an initial portfolio of 271 postal properties located in 41 states comprising 871,843 net leasable interior square feet, all of which are leased to the USPS, and through its taxable REIT subsidiary will provide fee-based third party property management services for an additional 404 postal properties leased to the USPS and owned by family members of Andrew Spodek, the Company's chief executive officer, and their partners.

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