Truist Financial Trims Postal Realty Trust (NYSE:PSTL) Target Price to $18.00

Postal Realty Trust (NYSE:PSTLGet Rating) had its price target dropped by investment analysts at Truist Financial from $19.00 to $18.00 in a research note issued on Friday, The Fly reports. Truist Financial’s price target would indicate a potential upside of 13.85% from the company’s current price.

PSTL has been the topic of a number of other reports. Zacks Investment Research lowered Postal Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, May 24th. Aegis assumed coverage on shares of Postal Realty Trust in a report on Monday, March 21st. They set a “buy” rating and a $23.00 target price on the stock. Finally, BMO Capital Markets lowered shares of Postal Realty Trust from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $22.00 to $19.00 in a report on Friday, March 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $20.40.

Shares of NYSE PSTL traded down $0.21 during midday trading on Friday, hitting $15.81. The company’s stock had a trading volume of 95,847 shares, compared to its average volume of 132,020. The stock has a fifty day moving average price of $16.51 and a 200 day moving average price of $17.45. Postal Realty Trust has a one year low of $14.75 and a one year high of $21.27. The company has a current ratio of 3.75, a quick ratio of 3.75 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $296.67 million, a price-to-earnings ratio of 121.62, a P/E/G ratio of 3.17 and a beta of 0.55.

Postal Realty Trust (NYSE:PSTLGet Rating) last released its quarterly earnings data on Wednesday, May 11th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.17). Postal Realty Trust had a net margin of 5.91% and a return on equity of 1.13%. During the same period in the prior year, the business earned $0.27 EPS. On average, equities research analysts predict that Postal Realty Trust will post 0.83 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the company. Royal Bank of Canada increased its holdings in shares of Postal Realty Trust by 72.3% in the 3rd quarter. Royal Bank of Canada now owns 1,423 shares of the company’s stock worth $26,000 after buying an additional 597 shares during the last quarter. Advisor Group Holdings Inc. increased its position in shares of Postal Realty Trust by 13.7% during the 3rd quarter. Advisor Group Holdings Inc. now owns 9,131 shares of the company’s stock valued at $171,000 after purchasing an additional 1,101 shares during the last quarter. Morgan Stanley increased its position in shares of Postal Realty Trust by 129.0% during the 1st quarter. Morgan Stanley now owns 1,965 shares of the company’s stock valued at $34,000 after purchasing an additional 1,107 shares during the last quarter. Black Swift Group LLC increased its position in shares of Postal Realty Trust by 1.9% during the 1st quarter. Black Swift Group LLC now owns 64,125 shares of the company’s stock valued at $1,079,000 after purchasing an additional 1,210 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY increased its position in shares of Postal Realty Trust by 149.3% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 2,069 shares of the company’s stock valued at $35,000 after purchasing an additional 1,239 shares during the last quarter. 73.45% of the stock is currently owned by hedge funds and other institutional investors.

Postal Realty Trust Company Profile (Get Rating)

Postal Realty Trust, Inc is an internally managed real estate investment trust that owns and manages over 1,000 properties leased to the USPS. The Company believes it is one of the largest owners and managers of properties leased to the USPS.

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