Postal Realty Trust (NYSE:PSTL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Postal Realty Trust (NYSE:PSTL) from a hold rating to a buy rating in a research note published on Saturday.

Separately, Stifel Nicolaus set a $17.75 price target on Postal Realty Trust and gave the stock a “buy” rating in a research report on Tuesday, August 5th.

Postal Realty Trust Stock Performance

Shares of PSTL opened at $14.65 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.01. The business has a 50-day simple moving average of $14.70 and a two-hundred day simple moving average of $13.91. The stock has a market cap of $360.07 million, a price-to-earnings ratio of 38.55 and a beta of 0.84. Postal Realty Trust has a 52 week low of $12.26 and a 52 week high of $15.42.

Postal Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Thursday, July 31st will be given a $0.2425 dividend. The ex-dividend date is Thursday, July 31st. This represents a $0.97 dividend on an annualized basis and a yield of 6.6%. Postal Realty Trust’s dividend payout ratio is presently 255.26%.

Institutional Trading of Postal Realty Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC increased its position in Postal Realty Trust by 21.0% in the first quarter. Janney Montgomery Scott LLC now owns 185,857 shares of the company’s stock worth $2,654,000 after buying an additional 32,308 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new position in shares of Postal Realty Trust in the fourth quarter worth about $448,000. Round Rock Advisors LLC bought a new position in shares of Postal Realty Trust in the first quarter worth about $275,000. Ballentine Partners LLC bought a new position in shares of Postal Realty Trust in the first quarter worth about $436,000. Finally, Gilman Hill Asset Management LLC boosted its stake in shares of Postal Realty Trust by 6.5% in the first quarter. Gilman Hill Asset Management LLC now owns 581,220 shares of the company’s stock worth $8,300,000 after acquiring an additional 35,595 shares during the period. Hedge funds and other institutional investors own 57.89% of the company’s stock.

About Postal Realty Trust

Postal Realty Trust, Inc (NYSE: PSTL) is an internally managed real estate investment trust that owns properties primarily leased to the United States Postal Service ("USPS"). PSTL is focused on acquiring the network of USPS properties, which provide a critical element of the nation's logistics infrastructure that facilitates cost effective and efficient last-mile delivery solutions.