Wall Street Zen Downgrades Postal Realty Trust (NYSE:PSTL) to Hold

Postal Realty Trust (NYSE:PSTL) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Friday.

Several other equities research analysts also recently issued reports on PSTL. Stifel Nicolaus set a $17.75 target price on Postal Realty Trust and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Postal Realty Trust in a report on Saturday, September 27th. Finally, JPMorgan Chase & Co. upped their price target on shares of Postal Realty Trust from $16.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.38.

Postal Realty Trust Trading Down 0.7%

NYSE:PSTL opened at $15.34 on Friday. The company has a market cap of $376.96 million, a P/E ratio of 40.36 and a beta of 0.86. The stock’s fifty day moving average price is $15.30 and its two-hundred day moving average price is $14.42. Postal Realty Trust has a 1 year low of $12.26 and a 1 year high of $16.50. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.28 and a quick ratio of 1.28.

Insider Buying and Selling

In related news, CAO Matt Brandwein sold 4,112 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $16.00, for a total value of $65,792.00. Following the transaction, the chief accounting officer owned 109,722 shares of the company’s stock, valued at $1,755,552. This represents a 3.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 13.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. State of Wyoming increased its stake in Postal Realty Trust by 760.4% in the second quarter. State of Wyoming now owns 36,772 shares of the company’s stock valued at $542,000 after acquiring an additional 32,498 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Postal Realty Trust by 360.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,882 shares of the company’s stock valued at $57,000 after acquiring an additional 3,038 shares during the last quarter. Man Group plc bought a new position in Postal Realty Trust in the second quarter valued at $2,590,000. Engineers Gate Manager LP bought a new position in Postal Realty Trust in the second quarter valued at $283,000. Finally, Jane Street Group LLC increased its stake in Postal Realty Trust by 26.9% in the second quarter. Jane Street Group LLC now owns 78,039 shares of the company’s stock valued at $1,150,000 after acquiring an additional 16,522 shares during the last quarter. 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.