Truist Financial Upgrades Postal Realty Trust (NYSE:PSTL) to Buy

Postal Realty Trust (NYSE:PSTL) was upgraded by analysts at Truist Financial from a “hold” rating to a “buy” rating in a research note issued on Tuesday, Marketbeat Ratings reports. The brokerage presently has a $20.00 price target on the stock, up from their prior price target of $18.00. Truist Financial’s target price would suggest a potential upside of 13.90% from the stock’s previous close.

Several other equities research analysts also recently issued reports on PSTL. Wall Street Zen downgraded Postal Realty Trust from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Postal Realty Trust in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised their target price 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. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $18.25.

Postal Realty Trust Stock Down 0.1%

Postal Realty Trust stock opened at $17.56 on Tuesday. The firm has a market capitalization of $457.61 million, a price-to-earnings ratio of 36.58 and a beta of 0.75. The company’s 50 day simple moving average is $15.96 and its 200 day simple moving average is $15.43. 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 has a fifty-two week low of $12.26 and a fifty-two week 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). The firm had revenue of $24.33 million during the quarter, compared to the consensus estimate 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. As a group, sell-side analysts anticipate that Postal Realty Trust will post 0.84 EPS for the current year.

Hedge Funds Weigh In On Postal Realty Trust

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

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.