Postal Realty Trust (NYSE:PSTL) Upgraded by Truist Financial to Strong-Buy Rating

Postal Realty Trust (NYSE:PSTL) was upgraded by equities research analysts at Truist Financial from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other equities research analysts also recently commented on the company. Wall Street Zen downgraded Postal Realty Trust from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. JPMorgan Chase & Co. lifted their price target on shares of Postal Realty Trust from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Tuesday, September 30th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Postal Realty Trust in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $18.25.

Postal Realty Trust Price Performance

Shares of NYSE PSTL opened at $17.62 on Tuesday. The firm has a market capitalization of $459.10 million, a P/E ratio of 36.70 and a beta of 0.75. The firm’s 50-day moving average price is $15.92 and its 200-day moving average price is $15.41. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 1.00. Postal Realty Trust has a 1-year low of $12.26 and a 1-year high of $17.93.

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

Hedge Funds Weigh In On Postal Realty Trust

Hedge funds have recently bought and sold shares of the company. Comerica Bank raised its holdings in shares of Postal Realty Trust by 151.0% in the first quarter. Comerica Bank now owns 4,287 shares of the company’s stock valued at $61,000 after purchasing an additional 2,579 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Postal Realty Trust by 6.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,204 shares of the company’s stock valued at $189,000 after buying an additional 844 shares during the last quarter. Millennium Management LLC increased its stake in Postal Realty Trust by 313.7% in the 1st quarter. Millennium Management LLC now owns 378,517 shares of the company’s stock valued at $5,405,000 after buying an additional 287,027 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Postal Realty Trust by 5.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 99,179 shares of the company’s stock worth $1,416,000 after buying an additional 4,759 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Postal Realty Trust by 234.2% during the 1st quarter. Jane Street Group LLC now owns 61,517 shares of the company’s stock worth $878,000 after buying an additional 43,111 shares in the last quarter. 57.89% of the stock is owned by hedge funds and other 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.