Deroy & Devereaux Private Investment Counsel Inc. Purchases New Position in Postal Realty Trust, Inc. $PSTL

Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in Postal Realty Trust, Inc. (NYSE:PSTL) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 155,070 shares of the company’s stock, valued at approximately $2,433,000. Deroy & Devereaux Private Investment Counsel Inc. owned 0.63% of Postal Realty Trust as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in Postal Realty Trust during the 2nd quarter worth approximately $440,000. CSM Advisors LLC bought a new position in Postal Realty Trust during the 2nd quarter worth $3,567,000. Cullen Frost Bankers Inc. lifted its holdings in shares of Postal Realty Trust by 225.2% during the second quarter. Cullen Frost Bankers Inc. now owns 2,026 shares of the company’s stock worth $30,000 after buying an additional 1,403 shares in the last quarter. Canton Hathaway LLC acquired a new stake in shares of Postal Realty Trust during the third quarter worth $590,000. Finally, Prudential Financial Inc. bought a new stake in shares of Postal Realty Trust in the second quarter valued at about $1,446,000. Institutional investors own 57.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on PSTL shares. Truist Financial raised their price target on shares of Postal Realty Trust from $16.00 to $18.00 and gave the stock a “hold” rating in a research report on Wednesday, December 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Postal Realty Trust in a report on Wednesday, October 8th. Wall Street Zen cut Postal Realty Trust from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Finally, JPMorgan Chase & Co. increased their price target on Postal Realty Trust from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 30th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Postal Realty Trust currently has a consensus rating of “Moderate Buy” and an average price target of $17.58.

Postal Realty Trust Stock Up 0.7%

NYSE PSTL opened at $17.34 on Friday. The business has a fifty day moving average price of $15.80 and a two-hundred day moving average price of $15.35. The stock has a market capitalization of $451.88 million, a PE ratio of 36.13 and a beta of 0.75. Postal Realty Trust, Inc. has a fifty-two week low of $12.26 and a fifty-two week high of $17.44. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.25 and a quick ratio of 1.25.

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

Postal Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Tuesday, November 4th were paid a $0.2425 dividend. The ex-dividend date of this dividend was Tuesday, November 4th. This represents a $0.97 annualized dividend and a yield of 5.6%. Postal Realty Trust’s dividend payout ratio is presently 202.08%.

Postal Realty Trust Company Profile

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.